Laserfiche WebLink
: lv: <br />',.vA';h. <br />furnished, shall be deemed representations of the City as to the <br />facts recited therein. <br />24. Taxable Status of the Bond. It is hereby <br />determined that the Bond is to be issued as a fully taxable <br />obligation, and all interest received on the Bond is to be <br />included in the gross income of the Holder of any Bond for <br />federal income taxation purposes and, to the same extent, in both <br />gross income and taxable net income for state income taxation <br />purposes. <br />25. Severability. If any section, paragraph or <br />provision of this resolution shall be held to be invalid or <br />unenforceable for any reason, the invalidity or unenforceability <br />of such section, paragraph or provision shall not affect any of <br />the remaining provisions of this resolution. <br />26. Headings. Headings in this resolution are <br />included for convenience of reference only and are not a part <br />hereof, and shall not limit or define the meaning of any <br />provision hereof. <br />The motion for the adoption of the foregoing resolution <br />was duly seconded by member after a full <br />discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereof: <br />and the following voted against the same: <br />adopted. <br />23272 <br />Whereupon said resolution was declared duly passed and <br />page 44 <br />17 <br />