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Supplemental Bond Indenture, that such Reregistered Series 2010 Bonds do of constitute a debt <br /> of the City within the meaning of the provisions of the Constitution or Statutes of the State of <br /> Illinois or a pledge of the faith and credit of the City, the State or any political subdivision <br /> thereof, and that such Reregistered Series 2010 Bonds and the interest and premium, if any, <br /> payable thereon do not give rise to a pecuniary liability of the City or a charge against its general <br /> credit or taxing powers. <br /> Section 6. That the form of the Reregistered Series 2010 Bonds contained in the <br /> Second Supplemental Bond Indenture, subject to appropriate insertions and evasions in order to <br /> comply with the provisions of the Second Supplemental Bond Indenture be, pd the same hereby <br /> is, approved, and when the same shall be executed on behalf of the City in the manner <br /> contemplated by the Second Supplemental Bond Indenture and this Ordinance, it shall represent <br /> the approved form of the Reregistered Series 2010 Bonds of the City. <br /> Section 7. The portion of the Reregistered Series 2010 Bonds that constitute the 2014 <br /> Refunding (i.e., the R-4 bonds) are deemed designated as "Qualified Tax-lixempt Obligations" <br /> pursuant to Section 265(b)(3)(D)(ii) of the Code. That portion of the Reregistered Series 2010 <br /> Bonds that do not constitute the 2014 Refunding (i.e., the R-5 bonds) were p#eviously designated <br /> by the Hospital in 2010 as "Qualified Tax-Exempt Obligations" pursuant o and as defined in <br /> Section 265(b)(3) of the Code and were deemed designated by the City as part of the 2012 <br /> Refunding. In accordance with Section 265(b) of the Code, the Reregistered Series 2010 Bonds <br /> will not be taken into account in determining whether the City is a "qualified small issuer" in <br /> 2014 under Section 265(b)(3)(C) of the Code or taken into account in determining the limitation <br /> on amounts of obligations or loans which may be designated by the City in 2014 as "Qualified <br /> Tax-Exempt Obligations" under Section 265(b)(3)(D)(i) of the Code. <br /> Section 8. That the actions of the Mayor, the Clerk of the City and the Council of the <br /> City heretofore taken in connection with the Reregistered Series 2010 Bondi are hereby ratified, <br /> confirmed and approved. <br /> Section 9. That from and after the execution and delivery of aid documents, the <br /> proper officials, agents and employees of the City are hereby authorized, empowered and <br /> directed to do all such acts and things and to executed all such documents as may be necessary to <br /> carry out and comply with the provisions of said documents as executed, and to further the <br /> purposes and intent of this Ordinance, including the preamble hereto. <br /> Section 10. That all acts and doings of the officials of the City which are in <br /> conformity. with the purposes and intent of this Ordinance, whether heretofore or hereafter taken <br /> or done, be, and the same hereby are, in all respects approved and confirmed, <br /> Section 11. That no member of the City Council and no officer r official of the City <br /> has any pecuniary interest, directly or indirectly, in any contract, employmei it, lease, purchase or <br /> sale made or to be made in connection with the proposed transactions contemplated by the 2014 <br /> Refunding; provided that Julia Moore-Wolfe is employed by the Hospital and has abstained from <br /> voting on this Ordinance and was not counted as present for purposes of a quorum with respect <br /> to this Ordinance. <br /> 4 <br />