Laserfiche WebLink
<br />Section 1.02. Other Definitions. <br /> <br />The terms "City Council" and "City" shall have the respective meanings assigned in the preamble <br />to this Ordinance. <br /> <br />Section 1.03. Findings. <br /> <br />The declarations, determinations and fmdings declared, made and found in the preamble to this <br />Ordinance are hereby adopted, restated and made a part of the operative provisions hereof. <br /> <br />Section 1.04. Table of Contents. Titles and Headings. <br /> <br />The table of contents, titles and headings of the Articles and Sections of this Ordinance have been <br />inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way <br />modify or restrict any of the terms or provisions hereof and shall never be considered or given any effect in <br />construing this Ordinance or any provision hereof or in ascertaining intent, if any question of intent should <br />arIse. <br /> <br />Section 1.05. InteIJlretation. <br /> <br />(a) Unless the context requires otherwise, words of the masculine gender shall be construed to <br />include correlative words of the feminine and neuter genders and vice versa, and words of the singular <br />number shall be construed to include correlative words ofthe plural number and vice versa. <br /> <br />(b) This Ordinance and all the terms and provisions hereof shall be liberally construed to <br />effectuate the purposes set forth herein to sustain the validity of this Ordinance. <br /> <br />ARTICLE II <br /> <br />SECURITY FOR THE BONDS <br /> <br />Section 2.01. Pledge of Revenues for Payment of the Bonds. <br /> <br />The Net Revenues (with the exception ofthose,in excess of the amounts required to establish and <br />maintain the Funds as hereinafter provided) are hereby irrevocably pledged for the payment of the principal <br />of and interest on the Parity Revenue Obligations, including the establishment and maintenance of the <br />Reserve Fund hereinafter provided. <br /> <br />Section 2.02. Special Obligations. <br /> <br />The Bonds are special obligations of the City payable from the Net Revenues, and the Holders <br />thereof shall never have the right to demand payment thereof out of any funds raised or to be raised by <br />taxation. <br /> <br />R,\SANMAR\ WWSS.99IDOCS\ORDNCFN. WPD <br /> <br />4 <br />