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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 ordained thiscday of n ai C , 2005. <br /> gAe <br /> oe Biard, Mayor <br /> ATTEST: <br /> Denise Johnston, erk/Treasurer <br />