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which tax anticipation certificates are issued, and the full faith and credit of thc City shall be <br />irrevocably pledged for the redemption of the certificates. <br /> <br />Section 7.12. Emergency Debt Certificates. <br /> <br />7.12.1. If in any year the receipt from taxes or other sources, should for some <br />unforeseen cause, become insufficient for the ordinary expenses of the City, or if <br />any calamity or other public emergency necessitates the making of extraordinary <br />expenditures, the Council may by ordinance issue, on such terms and in such <br />manner as the Council determines, emergency debt certificates to run not in excess <br />of three years. A tax sufficient to pay principal and interest on such certificates with <br />the margin required by law shall be levied as required by law. The ordinance <br />authorizing the issue of the emergency debt certificates shall stat the nature of the <br />emergency and be approved by at least four members of the Council. It may be <br />passed by emergency ordinance as defined in section 3.6. except that the ordinance <br />shall be enacted by a 4/5 vote of the Council. <br /> <br />7.12.2 A description of each such proposed certificate shall be published in the <br />City newsletter, but failure to publish such description, or any defect in the <br />description, shalt no invalidate the certificate. However, corrections shall be <br />published at the earliest practical time. <br /> <br /> <br />