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<br />. <br /> a "qualified 501 (c) (3) bond" under Section l45 of the Code. The <br />. City, together with all subordinate entities thereof, does not <br /> reasonably expect to issue tax-exempt obligations, including the <br /> Bond (other than private activity bonds not constituting <br /> "qualified 501 (c) (3) bonds") , which, when added together with all <br /> such obligations heretofore issued by the City, or such <br /> subordinate entities, in calendar year 1992, will be in an <br /> aggregate amount exceeding $10,000,000 in calendar year 1992. <br /> Passed and adopted this __ day of April, 1992. <br /> Thomas Sather,Mayor <br /> ATTEST: <br />. <br />. -7- <br />