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4NOW *Aso" <br />Section 2. That the Mayor and City Clerk be., and they are hereby, <br />authorized and directed for and on behalf of the City to do all things, take all <br />action and execute all documents necessary to carry out the authority, enforce <br />the rights and discharge the obligations of the City set forth in this Ordinance, <br />in the single Fully Registered Bond and in the First Supplemental Trust Indenture` <br />authorized hereby. <br />Section 3. That the provisions of this Ordinance are hereby declared <br />to be separable, and if any section, phrase or provision shall for any reason <br />be declared to be invalid, such declaration shall not affect the validity of the <br />remainder of the sections, phrases or provisions. <br />Section 4. That it is hereby found and declared that it is necessary <br />to the continued economic and industrial growth and development of the City <br />that the reasonable and proper requests of holders of bonds issued by the City <br />be satisfied when the City can satisfy such requests without cost to or liability <br />on the part of the City and that the formalities attendant upon such requests <br />be carried out with reasonable promptness. Therefore, an emergency is <br />declared to exist and this Ordinance, being immediately necessary for the <br />preservation of the public peace, health and safety, shall be in force upon <br />its passage and approval. <br />PASSED: <br />ATTEST: <br />City Clerk <br />(SEAL) <br />1975. <br />APPROVED: <br />Mayor <br />