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issued by the City (and all entities treated as <br /> one issuer with the City, and all subordinate <br /> entities whose obligations are treated as issued <br /> by the City) during this calendar year 1999 Sri 1 l <br /> not exceed 10, 000, 000; and <br /> (e) not more than $10, 000, 000 of obligations <br /> issued by the City during this calendar year 1999 <br /> have been designated for purposes of Section <br /> 265 (b) (3) of the Code. <br /> The City shall use its best efforts to comply with any federal <br /> procedural requirements which may apply in order to effectuate <br /> the designation made by this paragraph <br /> 7 Severability. If any section, paragraph or <br /> provision of this resolution shall be held to be <br /> invalid or unenforceable for any reason, the invalidity <br /> or unenforceability of such section, paragraph or <br /> provision shall not affect any of the remaining <br /> provisions of this resolution. <br /> 28 Headings. Headings ire this resolution are <br /> included for convenience of reference only and are not <br /> a part hereof, and shall not limit or define the <br /> meaning of any provision hereof. <br /> The motion for the adoption of the foregoing resolution <br /> was duly seconded by member and, after a full <br /> discussion thereof and upon a vote being taken thereon, the <br /> following voted in favor thereof <br /> and the following voted against the same <br /> Whereupon said resolution was declared duly passed and <br /> adopted. <br /> 1006009.1 9 <br />