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r .Y 4 Sectiori That: the election shill be held and conducted and the vote canvassed, and the results declared under the law and in the: manner provided for municipal elections, so far as the same may be applicable and the Mayor shall give notice of such election by an advertisement published once a week: for four consecutive weeks in a nc%,,,spaper liaving a bona fide circulation in the City with the lest publication to be not less than ten days prior to the date of the election, and only qualified electors of the City shall have the right to vote at said election on the question. Section 4. That the results of the election shall be proclaimed by the Mayor and his proclamation shall be published one time in a newspaper having a bona fide circulation in the City, which proclamation shall advise that the results as proclaimed shall be conclusive unless attacked in the courts within thirty days after the date of such proclamation. Section 5. That a copy of this Ordinance shall be furnished to the Independence County Board of Election Commissioners so that the necessary election officials and supplies may be provided. Section 6. That the Mayor and City Clerk are hereby authorized to execute, for and on behalf of the City, a Memorandum of Intent in the usual form setting forth a general understanding of the undertakings of the parties with respect to the construction and equipment of the facilities, their operation and their financing by the issuance of the bonds referred to in this Ordinance. Section 7. That there is hereby found and declared to be an immediate need for the securing and developing of industry in order to provide employment and payrolls and alleviate unemployment, and the issuance of the bonds referred to in this Ordinance is essential to accomplishing those public benefits. It is, therefore, declared that an emergency exists and this Ordinance being necessary for immediate preservation of the public health, safety and welfare shall be in force and effect immediately upon and after its passage. PASSED: —7h&I �" _ 1974. ATTEST: APPROV By Mayor /City Clerk (SEAT,)