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Section 103 (c) or regulations promulgated thereunder shall be <br /> repealed or relaxed or shall be held void by final decision of a <br /> court of competent �urisdiction, but only if any investment made <br /> by virtue of such repeal, relaxation or decision would not, in <br /> the opinion of counsel of recognized competence in such matters, <br /> result in making the interest on said bonds sub�ect to federal <br /> income taxation. <br /> Section 8 . That the proceeds of the bonds hereby <br /> authorized be and they are appropriated and set aside and shall <br /> be expended only for the purpose of paying the costs of the <br /> Pro�ects as hereinabove referred to in the preambles hereof and <br /> t�e costs of issuing the bonds. That the funds derived from the <br /> taxes herein levied be and the same are hereby appropriated and <br /> set aside for the sole and only purpose of paying principal of <br /> and interest on the bonds herein authorized when the same become <br /> due. <br /> Section 9 . That the Mayor, City Manager, Director, <br /> Department of Finance and other employees of the City are hereby � <br /> authorized and directed to do all such acts and things and to �, <br /> execute all such documents as may be necessary to carry out and <br /> comply with the provisions of this Ordinance and all of the acts <br /> and doings of such Mayor, City Manager, Director, Department of <br /> Finance and other employees of the City which are in conformity <br /> with the purposes of this Ordinance, whether heretofore or here- <br /> after taken or done, shall be and are hereby ratified, confirmed <br /> and approved. <br /> -13- <br />