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(d) the aggregate face amount of all tax-exempt bonds (other than private activity <br />bonds) issued by the City (and all subordinate entities thereof, and all entities treated as one <br />issuer with the City) during the calendar year in which the Certificates are issued and outstanding <br />at one time is not reasonably expected to exceed $5,000,000, all within the meaning of Section <br />148(f)(4)(D) of the Code. <br /> <br /> 24. Severability. 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 /> <br /> 25. Headings. Headings in this resolution are included for convenience of reference <br />only and are not a part hereof, and shall not limit or define the meaning of any provision hereof. <br /> <br /> The motion for 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 following voted in favor thereofi <br /> <br />and the following voted against the same: <br /> <br />Whereupon the resolution was declared duly passed and adopted. <br /> <br />1594839vl <br /> <br />16 <br /> <br /> <br />