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amendment and of the impact of any change in the type of financial information or operating data so provided. ARTICLE XV REDEMPTION OF REFUNDED OBUGA TIONS Section 15.01. Redem\,tion of Refunded Obligations. The Refunded Obligations are hereby called for redemption prior to maturity as set forth on Schedule I, at a redemption price equal to the principal amount thereof so redeemed plus accrued interest to the date of redemption. Interest on the Refunded Obligations shall cease to accrue on the date of redemption thereof. Section 15.02. Notices of Redemption. Notices of redemption ofthe Refunded Obligations shall be given in the manner and within the times required by the orders authorizing the issuance thereof. The City Secretary of the City is hereby authorized and directed to take all such actions as may be necessary to accomplish the timely giving of such notices of redemption. Section 15.03. Source of Funds for Redemption. The source of funds for payment of the principal of and interest on the obligations called for redemption and to be redeemed in advance of maturity pursuant to this Order shall be from the funds placed in escrow with the Escrow Agent, pursuant to the Escrow Agreement approved in Section 9.02 of this Order. ARTICLE XVI PUBLIC MEETING; EMERGENCY DECLARATION Section 16.01. Public Meeting. It is officially found, determined, and declared that the meeting at which this Ordinance has been adopted was open to the public and public notice of the time, place and subject matter ofthe public business to be considered and acted upon at said meeting, including this Ordinance, was given, all as required by the applicable provisions of Tex. Gov't Coded Ann. ch. 551. Section 16.02. Emergency Declaration. The public importance of this measure and the fact that it is to the best interest of the City to (i) provide for the refunding ofthe Refunded Obligations, thereby restructuring general obligation debt of the City and reducing the debt service requirements on such debt and (ii) provide funds for the proposed public improvements at the earliest possible date, for the immediate preservation of the public peace, health and safety, constitutes and creates an emergency and an urgent public necessity requiring that the Charter rules requiring ordinances to be read on three several days and that no ordinance shall become effective until the expiration of ten (10) days following the date of its final passage be dispensed with for the purpose of adopting this Ordinance as an emergency measure; and said Charter rules are hereby dispensed with, and this Ordinance is accordingly passed as an emergency measure, effective and in force immediately upon and after its passage. R:\SANMAR\GORl.99\DOCS\ORDNCEFN. WPD 31