Laserfiche WebLink
with the Escrow Agent pursuant to the Escrow Agreement approved in Section 14 of this <br />Ordinance. <br />Section 16. APPROPRIATION. To pay the debt service coming due on the Bonds, if <br />any (as determined by the Pricing Certificate) prior to receipt of the taxes levied to pay such debt <br />service, there is hereby appropriated from current funds on hand, which are hereby certified to be <br />on hand and available for such purpose, an amount sufficient to pay such debt service, and such <br />amount shall be used for no other purpose. <br />Section 17. SEVERABILITY. If any section, article, paragraph, sentence, clause, phrase <br />or word in this Ordinance, or application thereof to any persons or circumstances is held invalid <br />or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity <br />of the remaining portion of this Ordinance, despite such invalidity, which remaining portions <br />shall remain in full force and effect. <br />Section 18. EFFECTIVE DATE. In accordance with the provisions of V.T.C.A., <br />Government Code, Section 1201.028, this Ordinance shall be effective immediately upon its <br />adoption by the City Council. <br />Section 19. WRITTEN PROCEDURES FOR FEDERAL TAX LAW COMPLIANCE. <br />Unless superseded by another action of the Issuer, to ensure compliance with the covenants <br />contained herein regarding private business use, remedial actions, arbitrage and rebate, the Issuer <br />hereby adopts and establishes the instructions attached hereto as Exhibit B as its written <br />procedures. <br />PASSED AND ADOPTED on first and final reading this the 22nd day of October, 2012. <br />/ ATTEST <br />*,ice Ellis, City Clerk <br />APPROVED AS TO FORM <br />W. Kent McI ar, C y Attorney <br />31 <br />kde <br />ichard Grossnickle, M.D., <br />Mayor Pro -Tem <br />