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in the opinion of counsel to the Issuer and nationally recognized <br />bond counsel, necessary to perfect the pledges set forth in the <br />Indenture and the Loan Agreement and any such other documents and <br />instruments as may be required to effectuate any portion of the <br />financing transaction. <br />Section 21. Separable Provisions. The provisions of this <br />ordinance are hereby declared to be separable and if any section, <br />phrase or provision shall for any reason be declared to be invalid, <br />such declaration shall not affect the validity of the remainder <br />of the sections, phrases and provisions hereof. <br />Section 22. Resolutions and Ordinances in Conflict Repealed. <br />Except for the Initial Resolution of the Issuer relating to the <br />Bonds, adopted on October 23, 1978, all resolutions and ordinances <br />and parts thereof in conflict herewith are hereby repealed to the <br />extent of such conflict. <br />Section 23. Ordinance Effective Immediately. This ordinance <br />shall take effect immediately upon its adoption. <br />�Councy- ember <br />Fa <br />kt READING °z' � � � � � r E b �' 1979 <br />r -JB? IC HEARING <br />PEADING •�� / o? - a 7 - 12 - Irene Gamnion <br />NOT APPROVED. CITY CLERKa SOUTH BE(Vp, tND, <br />REFERRED <br />PASSED • /,'f ..7e3 � � /� -AA /f - 1 <br />