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City) durin9 this calendar year 2000 will not exceed <br />$10,000,000~ and <br /> <br /> (e) not more than $10,000,000 of obligations issued by <br />~he City durin~ this calendar year 2000 have been desi~ated <br />for purposes of Section 265(b) (3) of the Code. <br /> <br />The City shall use its best efforts to comply with any federal <br />procedural requirements which may apply in order to effectuate <br />the designation made by this paragraph. <br /> <br /> 25. Seve~a_bilit~. If any section, paragraph or <br />provision of this resolution shall be held to be invalid or <br />unenforceable for any reason, the invalidity or unenforceability <br />of such section, paragraph or provision shall not affect any of <br />the remaining provisions of this resolution. <br /> <br /> 26. Headinqs. Headings in this resolution are <br />included for convenience of reference only and are not a part <br />hereof, and shall not limit or define the meaning of any <br />provision hereof. <br /> <br /> The motion for the adoption of the foregoing resolution <br />was duly seconded by member and, after a full <br />discussion thereof and upon a vote being taken thereon, the <br />following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />adopted. <br /> <br />Whereupon said resolution was declared duly passed and <br /> <br /> <br />