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<br />(b) it is necessary and expedient to the sound financial management <br />of the affairs of the City to issue $2,300,000 General Obligation Improvement <br />Bonds, Series 19 (Bonds) pursuant to the Act to provide financing for the <br />Improvements. <br /> <br />2. To provide financing for the Improvements, the City will issue and sell <br />Bonds in the amount of $2,265,500. To provide in part the additional interest <br />required to market the Bonds at this time, additional Bonds will be issued in the <br />amount of $34,500. The excess of the purchase price of the Bonds over the sum of <br />$2,265,500 will be credited to the debt service fund for the Bonds for the purpose <br />of paying interest first coming due on the additional Bonds. The Bonds will be <br />issued, sold and delivered in accordance with the terms of the following Official <br />Terms of Offering: <br /> <br />DJJt"323 <br />M2oo-10 <br /> <br />2 <br />