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Page 2 <br />Section 1 . That a special election be, and the same is hereby, <br />called to be held in the City on the 14th day of July, 1970, at which election <br />there will be submitted to the electors of the City the question of issuing <br />Industrial Development Revenue Bonds under Act No. 9 in an amount not to <br />exceed $5, 000, 000 for the purpose of furnishing permanent financing of the <br />costs of securing and developing industry (the particular industrial undertaking <br />is described above) . The bonds will. be dated, will bear interest at the rate or <br />rates, with the interest payable on such dates, the bonds will mature on such <br />date or dates, the bonds will be subject to redemption prior to maturity in such <br />manner and upon such terms, and the bonds will be issued at one time or in series <br />from time to time, all as the City Council shall subsequently determine and specify <br />in the ordinance authorizing the issuance of the bonds. <br />Section 2. That the question shall be placed on the ballot for the special <br />election in substantially the following form: <br />