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total amount of certificates issued against any fund for any year <br /> together with interest thereon until maturity shall not exceed 90% <br /> of the total state and federal aids and current taxes due to the <br /> fund and uncollected at the time of issuance. The Council <br /> determines the terms and conditions on which the certificates are <br /> issued. Certificates must come due no later than April 1 of the <br /> year following their issuance. The full faith and credit of the <br /> City, and revenues received from tax levies and from federal and <br /> state aids which have been allocated for the fund for which the tax <br /> anticipation certificates were issued will be irrevocably pledged <br /> for the redemption of the certificates . <br /> Section 7 . 12 Emergency Debt Certificates . Emergency debt <br /> certificates may be issued by the Council for purposes and in the <br /> manner prescribed by law. <br /> (94-2)27 <br />