<br />Section 3. Irrevocable Contract. This Ordinance is, and shall constitute, a legislative
<br />measure, and after the Loan Contract is executed and delivered, this Ordinance shall constitute an
<br />irrevocable contract between the City, the Enterprise and the State, and this Ordinance shall be and
<br />shall remain irrepealable until the loan shall be fully paid, satisfied or discharged.
<br />
<br />Section 4. Inconsistent Provisions. All action not inconsistent with the provisions of
<br />this Ordinance heretofore taken by the City or the Enterprise or the officers thereof and directed
<br />toward the execution and delivery of the Loan Contract is hereby ratified, approved and confirmed.
<br />
<br />Section 5. Repealer. All ordinances, resolutions, orders and other instruments, or parts
<br />thereof, inconsistent herewith are hereby repealed to the extent only of such inconsistency. This
<br />repealer shall not be constlUed to revive any ordinance, resolu tion, order or other instrument, or part
<br />thereof, heretofore repealed.
<br />
<br />Section 6. Severability. If any section, subsection, paragraph, clause or other provision
<br />of this Ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or
<br />un enforceability thereof shall not affect any of the remaining sections, subsections, paragraphs,
<br />clauses or provisions of this Ordinance.
<br />
<br />SIGNED this L day of ~ 2000.
<br />
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<br />Mayor
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<br />ATTEST:
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<br />0"Z?,')-1/1 .-/?:1(0'C'777-; .....
<br />City Clerk
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<br />, ..r:"~::::;:".~/~L.2,;;:.:.L. ~a~ C!..!'k of t"~ City of LovelMd Co;{,:.:~~, hOrl;by "~lI;-":,f::
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<br />APPROVED AS TO FORM:
<br />
<br />(::.i;:' j~;~:~ ..~ ~;I (~!~~ ..::..ll~I--~J"J~ I r.~~1 by ~!:i:: c';':~~::: ~ ~.::r :::o.~n...l :;U:d'lot
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<br />In e:ai<i n~~::':~'~pl~i Oil ~i._1 'J,..-' :L I /'~,~ (.-'. ~',
<br />lL.,...')-';-r., / '.i,..-:.#.~7;
<br />CITY CLE,'ii"
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<br />l;FFr:CT''v'E
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<br />...-----..-----.,..-
<br />
<br />-.--;.;..~",.".,.
<br />
<br />City Attorney
<br />
<br />CO_DOCS_A 54114 v 1
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<br />
<br />4/25/00
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