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<br />[16.08. Build America Bonds Election. The City irrevocably elects to have Section 54AA <br />of the Internal Revenue Code of 1986, as amended (the "Code"), applied to the Bonds, <br />specifically including Section 54AA(g) of the Code. The term "Internal Revenue Code" or <br />"Code" as used herein includes the Internal Revenue Code of 1986, as amended, and aU <br />regulations, amended regulations and proposed regulations issued thereunder, as now existing, or <br />as hereafter amended or proposed.] <br /> <br />Section 17. Severabilitv. If any provision of this Resolution shall be held or deemed <br />to be or shaU, in fact, be inoperative or unenforceable as applied in any particular case in any <br />jurisdiction or jurisdictions or in aU jurisdictions or in all cases because it conflicts with any <br />provisions of any constitution or statute or rule or public policy, or for any other reason, such <br />circumstances shaU not have the effect of rendering the provision in question inoperative or <br />unenforceable in any other case or circumstance, or of rendering any other provision or <br />provisions herein contained invalid, inoperative or unenforceable to any extent whatever. The <br />invalidity of anyone or more phrases, sentences, clauses or paragraphs in this Resolution <br />contained shall not affect the remaining portions of this Resolution or any part thereof. <br /> <br />Section 18. Headings. Headings in this Resolution are included for convenience of <br />reference only and are not a part hereof, and shall not limit or define the meaning of any <br />provisions hereof. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by council <br />member Weston and, after a full discussion thereof and upon a vote being taken thereon, the <br />foUowing voted in favor thereof: <br /> <br />and the foUowing voted against the same: <br /> <br />Whereupon said resolution was declared duly passed and adopted. <br /> <br />21 <br />