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ti <br /> • of 1986, as amended. It is reasonably expected that all obligations issued by the City <br /> during the current calendar year, the interest on which is exempt from federal income tax, <br /> will not exceed $10,000,000 in principal amount (excluding "private activity bonds" <br /> within the meaning of Section 265). <br /> Article 5. A copy of the Promissory Note shall remain on file in the Office of the <br /> City Clerk, where it shall be available for inspection by any person. <br /> Article 6. The provisions of this resolution are declared to be severable. In the <br /> event any section, provision or part thereof shall be held to be invalid, such invalidity <br /> shall not affect the validity of the remainder of this resolution. <br /> EMERGENCY CLAUSE: As the awarding of the contract is behind schedule to change <br /> the heating and cooling in the City Municipal Building, an emergency is hereby declared <br /> to exist and this ordinance shall be in full force and effect from and after its passage. <br /> Be it ordained this eday of:D�,ALtL 2003. <br /> 02• -- <br /> Joe Biard, Mayor <br /> ATTEST: ZOJ/n <br /> Denise Johnson, Clerk/Treaser <br />