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<br />~ <br /> <br />(b) That it is necessary and expedient to the <br />sound financial management of the affairs <br />of the City to issue $215,000 General <br />Obligation Improvement Bonds of 1979, to <br />provide financing for said improvements. <br /> <br />2. In order to provide financing for such improvements, the <br />City shall therefore issue and sell its General Obligation Improvement <br />Bonds of 1979, in the amount of $211,000. In order to provide in <br />part the additional interest required to market such bonds at this <br />time, additional bonds shall be issued in the amount of $4,000. <br />Any excess of the purchase price over the sum of $211,000 shall be <br />credited to the sinking fund for the purpose of paying interest first <br />coming due on said bonds. The $215,000 General Obligation Improvement <br />Bonds of 1979 shall be issued_in accordance with the following <br />official terms of bond sale: <br />