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Section 8 - Election Under Section. tlg )(6)(D): The City hereby <br />elects to have the provisions as to the $10,000,00 limits in Section <br />103(b)(6)(D) of the Internal Revenue Code of 1954, as amended, applied <br />to the Series 1981 Bonds; and the Mayor and the City Clerk of the City <br />are hereby authorized, empowered, and directed to take any and all fur- <br />ther actions which may be required to implement and effectuate such <br />election, including, without limitation, the preparation and filing of <br />such statements or other documents as may be deemed by them to be <br />necessary or advisable in order to comply with the procedure set forth <br />in Section 1.103-10(b) (2) (vi) of the Income Tax Regulations (26 C.F.R. <br />Part One) under Section 103 of the Internal Revenue Code of 1954, as <br />amended; and all acts heretofore taken by them in this connection are <br />hereby'ratified and confirmed. <br />Section 9 - Severability. If any section, paragraph, or provi- <br />sion of this ordinance shall be held to be invalid or unenforceable <br />for any reason, the invalidity or unenforceability of such section, <br />paragraph, or.provision shall not affect any.of the remaining pro- <br />visions of this ordinance. <br />Section 10 - Repeal of Conflicting Ordinances. All ordinances, <br />resolutions, and orders, or parts thereof, in conflict with the pro- <br />visions of this ordinance are, to the extent of such conflict, hereby <br />repealed. <br />Section 11 - Effective Date. This.ordinance shall be in full <br />force and effect from and after its pa age by the Common Council <br />and approval by the Mayor. <br />Passed, as amended, April 28, 1981 <br />ra <br />-3- <br />Common <br />