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aforesaid Section 103(c) and all, applicable and pertinent
;Department of the Treasury regulations relating to arbitrage
bonds., The -Issuer further covenants that the proceeds of the
Bonds will not otherwise be used directly or indirectly so as
to cause all or any part of the Bonds to be or become arbitrage
bonds .within the meaning of the aforesaid Section 103(c), or
any regulations or rulings pertaining thereto.
Section 13. SALE OF INITIAL BOND. The Initial Bond is
hereby sold and shall be delivered to Prud�Cltial ghc�Sec:ut3tieS,It
for cash for the par value thereof and accrued interest thereon
to date of delivery, plus a premium of $_-0- _ It is hereby
officially found, determined, and declared that the Initial
Bond has been sold at public sale to the bidder offering the
lowest interest cost, after .receiving sealed bids pursuant to
an Official Notice of Sale and Bidding Instructions and Offi-
cial Statement dated June 12, 1984, prepared and distributed in
connection with the sale of the Initial Bond. Said Official
Notice of Sale and Bidding Instructions and Official Statement,
and any addenda, supplement, or amendment thereto have been and
are hereby approved by the governing body of the Issuer, and
their ,use in the offer and sale of the Bonds is hereby ap-
proved. It is further officially found, determined, and de-
clared that the statements and representations contained in
said Official Notice of Sale, and Official Statement are true
and correct in all material respects, to the best knowledge and
belief of the governing body of the Issuer.
Section 14. EMERGENCY. That the fact that the City
Council considers the passage of this Ordinance and the
issuance of the Bonds necessary for the immediate preservation
of the public peace, health, safety and welfare, creates an
emergency and an imperative public necessity that the rule re-
quiring ordinances to be read at more than one meeting of the
City Council before final passage be suspended, and said rule
is hereby suspended, and that this Ordinance take effect and be
,n force and effect immediately from and after its passage at
'this meeting, and it is so ordained.
PASSED AND APPROVED this 17th day of July, 1984,
Mayo
ty Secretary
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