Authorizing Tax Anticipation Time Warrants for 1988 (2)

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Section 8. The City Controller and other appropriate officers of the City are hereby authorized and directed to make such filings and requests, deliver such certifications, execute and deliver such docu- ments and instruments and otherwise take such actions as are neces- sary or appropriate to carry out the terms and conditions of this Ordinance and the actions authorized hereby and thereby, including without limitation publishing notice regarding the making of a loan pursuant to IC 36-4-6-20 as authorized herein. Section 9. All resolutions and ordinances in conflict herewith are, to extent of such conflict, hereby repealed. Section 10. The City hereby covenants that the City and its offi- cers shall not take any action or fail to take any action with res- pect to the proceeds of any of the Warrants or any investment ear- nings thereon which would cause the Warrant or any of the Warrants to be "arbitrage bonds" under the Code, or would otherwise cause the in- terest on the Warrant or any of the Warrants to cease to be exclu- dable from gross income for purposes of Federal income taxation; and the City Controller and all other appropriate officers are hereby authorized and directed to take any and all actions and to make and deliver any and all reports, filing and certifications as may be necessary or appropriate to evidence, establish or ensure such con- tinuing exclusion of the interest on the Warrants. The City shall comply with the arbitrage rebate requirements under Section 148 of the Code to the extent applicable. Section 11. This Ordinance shall be in full force and effect from and after the time it has been passed by the City Common Coun- -10-