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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 /> Be it Resolved this 27`x' day of February, 2001. <br /> 0 <br /> 6,111 Joe Biard Mayor <br /> ATTEST: k-t -2-z <br /> City Clerk of Batesville, Arkans s <br />