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<br />(b) That it is necessary and expedient to the sound <br />financial management of the affairs of the City to <br />issue $870,000 General Obligation Ipprovement Bonds <br />of 1977, to 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 1977, in the amount of $854,000. 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 $16,000. Any <br />excess of the purchase price over the sum of $854,000 shall be <br />credited to the debt service fund to be established for the Bonds <br />for the purpose of paying interest then due on said bonds. The $870,000 <br />General Obligation Improvement Bonds of 1977, shall be issued in <br />accordance with the following notice of sale: <br /> <br />I <br />I <br /> <br />J <br /> <br />I, <br />II <br /> <br />I <br />