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� <br /> The City Clerk of the City is hereby directed to file a certified copy of this Ordinance <br /> with the Bond Registraz and the Paying Agent. <br /> Section 20. Tc�es Previously Levied. The taxes previously levied to pay principal of <br /> and interest on the Refunded Bonds, to the extent such principal and interest is provided for from <br /> the proceeds of the Bonds or from the Escrow Account under the Escrow Agreement as , <br /> hereinabove described, shall be abated. The �ling of a certificate of abatement with the County ', <br /> Clerk shall constitute authority and direction for the County Clerk to make such abatement. �' <br /> Section 21. Defeasance. Any Bond or Bonds which (a) are paid and cancelled, i <br /> (b) which have matured and for which sufficient sums been deposited with the Paying Agent to <br /> pay all principal and interest due thereon, or (c) for which sufficient U.S. funds and direct U.S. <br /> Treasury obligations have been deposited with the Paying Agent or similar institution to pay, <br /> taking into account investment earnings on such obligations, all principal of and interest on such <br /> Bond or Bonds when due at maturity or as called for redemption, pursuant to an irrevocable <br /> escrow or trust agreement, shall cease to have any lien on or right to receive or be paid from the <br /> Bond Moneys or Pledged T�es hereunder and shall no longer have the bene�ts of any covenant <br /> for the registered owners of outstanding Bonds as set forth herein as such relates to lien and <br /> security of the outstanding Bonds. All covenants relative to the Tax-exempt status of the Bonds; <br /> and payment,registration, transfer, and exchange; are expressly continued for all Bonds whether <br /> outstanding Bonds or not. <br /> Section 22. Continuing Disclosure Undertaking. The Mayor or Treasurer of the City is <br /> hereby authorized, empowered and directed to execute and deliver the Continuing Disclosure <br /> Undertaking (the "Continuing Disclosure Undertaking") in substantially the same form as now <br /> before the Council, or with such changes therein as the individual executing the Continuing <br /> � <br /> Disclosure Undertaking on behalf of the City shall approve, the official s execution thereof to <br /> -31- <br />