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(c) the City hereby designates the Certificates as "qualified tax-exempt obligations" <br />for purposes of Section 265(b)(3) of the Code. <br />(d) the reasonably anticipated amount of tax-exempt obligations (other than private <br />activity bonds, treating qualified 501(c)(3) bonds as not being private activity bonds) which will <br />be issued by the City (and all entities treated as one issuer with the City, and all subordinate <br />entities whose obligations are treated as issued by the City) during this calendar year 2002 will <br />not exceed $10,000,000; and <br />(e) not more than $10,000,000 of obligations issued by the City during this calendar <br />year 2002 have been designated for purposes of Section 265(b)(3) of the Code. <br />The City shall use its best efforts to comply with any federal procedural requirements which may <br />apply in order to effectuate the designation made by this paragraph. <br />26. SeverabilitX. If any section, paragraph or provision of this resolution shall be held <br />to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, <br />paragraph or provision shall not affect any of the remaining provisions of this resolution <br />27. Headings. Headings in this resolution are included for convenience of reference <br />only and are not a part hereon and shall not limit or define the meaning of any provision hereot <br />motion fog the adoption of the foregoing resolution was duly seconded by Member <br />and, after a full discussion thereof and upon vote being taken <br />thereon, the follow' g voted in fayvsof thereof..,.--) <br />, <br />and the following voted agiinst the same: <br />Whereupon the resolution was declared duly passed and adopted <br />AA4 <br />F on, Mayor <br />ATTEST: <br />Mary n Creager, City Wrk <br />1429090x1 <br />