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behalf of the City in like manner as taxes for general corporate purposes for said years are levied <br /> and collected, and in addition to and in excess of all other taxes. <br /> Section 13. Sale of Bonds. The Series 2010A Bonds hereby authorized shall be <br /> executed as in this Ordinance provided as soon after the passage hereof as may be, and thereupon <br /> be deposited with the Treasurer, and be by said Treasurer delivered to Sterne, Agee & Leach, <br /> Birmingham, Alabama, the purchaser thereof (the "Series 2010A Purchaser"), upon receipt of <br /> the purchase price therefor, the same being $8,646,392.91; the contract for the sale of the <br /> Series 2010A Bonds heretofore entered into (the "Series 2010A Purchase Contract") is in all <br /> respects ratified, approved and confirmed, it being hereby found and determined that the <br /> Series 2010A Bonds have been sold at such price and bear interest at such rates that neither the <br /> true interest cost (yield) nor the net interest rate received upon such sale exceed the maximum <br /> rate otherwise authorized by Illinois law and that the Series 2010A Purchase Contract is in the <br /> best interests of the City and that no person holding any office of the City, either by election or <br /> appointment, is in any manner financially interested directly in his own name or indirectly in the <br /> name of any other person, association, trust or corporation, in the Series 2010A Purchase <br /> Contract. <br /> The Series 2010B Bonds hereby authorized shall be executed as in this Ordinance <br /> provided as soon after the passage hereof as may be, and thereupon be deposited with the <br /> Treasurer, and be by said Treasurer delivered to Sterne, Agee & Leach, Birmingham, Alabama, <br /> the purchaser thereof (the "Series 2010E Purchaser"), upon receipt of the purchase price <br /> therefor, the same being $28,053,150.08; the contract for the sale of the Series 201013 Bonds <br /> heretofore entered into (the "Series 2010B Purchase Contract") is in all respects ratified, <br /> approved and confirmed, it being hereby found and determined that the Series 2010B Bonds <br /> have been sold at such price and bear interest at such rates that neither the true interest cost <br /> -31- <br />