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<br />59-j <br /> <br />Section 12. The imporWnoe of this measure, and its intent <br /> <br />and purpose being declared to be for the immediate preservation <br /> <br />of the public business of the City of San Marcos, and it being <br /> <br />II to the financial interest of the City to promptly cancel the <br /> <br />outstanding certificates of obligation herein refunded and the <br /> <br />issuance and delivery of the bonds herein authorized for the <br /> <br />purposes stated, constitutes an emergency as recited in the <br /> <br />preamble hereof, and this Ordinance shall take effect immedi- <br />ately upon its passage, and it is so ordained. <br />PASSED AND APPROVED at a meeting open to the public, this <br />the 16th day of January, 1974, after public notice of the time, <br />place and purpose of said meeting was given and posted as re- <br />quired by law. <br /> <br />I ATTEST: <br /> <br /> <br />~ ~Lj;., <br />CIT E A <br /> <br />~kh.a g,kp/4: <br />OR, GJ Y O:b' A MARCOS, S <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />I <br /> <br />- 10 - <br /> <br />~-- <br />