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Section 4. That the foregoing notwithstanding, no tax-exempt obligation will be issued <br />pursuant to this Resolution more than three years after the date any expenditure which is to be <br />reimbursed is paid. <br />Section 5. That this resolution shall be effective from and after its date of passage. <br />PASSED AND APPROVED this 13th day of May, 2002. <br />Michael J. Pfiester, Mayor <br />ATTEST: <br />Mattie Cunningham, City Clerk <br />APPROVED AS TO FORM: <br />Larry W. Schenk, City Attorney <br />