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, , . . <br /> . , , <br /> ��It .'• . <br /> � � '� , , <br /> as to impair the rights or interests of the holder or holders of any <br /> bonds issued to finance the project costs of such project . <br /> (7) To issue its bonds to refund in whole or in part , bonds <br /> theretofore issued by such municipality under authority of this <br /> Ordinance. <br /> Property acquired by the municipality pursuant to the pro- <br /> visions of this Ordinance shall be exempt from the imposition and <br /> collection of taxes thereon while owned by the municipality, but the <br /> use of such property is subject to taxation to be paid by the lessee <br /> or occupant as provided in Section 26 of the "Revenue Act of 1939" <br /> filed May 17, 1939, or as may hereafter be amended. <br /> Any provision of this Ordinance to the contrary notwith- <br /> standing , in connection with the financing of any project and the <br /> issuance of revenue bonds , it shall not be necessary for the munici- <br /> pality to acquire title to the project or any part thereof. <br /> SECTION 2. All other provisions of Ordinance No . 5768 as <br /> adopted on February 5, 1973 , shall remain in full force and effect . <br /> SECTION 3 . This Ordinance shall be effective immediately <br /> upon its passage. <br /> Presented, passed, approved and recorded on the ��� day <br /> of December, 1975. <br /> � <br /> YOR <br /> ATTEST: <br /> .__� �L � - <br /> �� L,, -� �,L-�.�-A. _ <br /> lc-- Ct. L_� <br /> CITY CLERK <br /> -3 - <br />