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• <br /> 2. The Chairman of the Board and the Secretary of the Enterprise are <br /> hereby authorized and directed to execute and deliver the Loan Contract to the <br /> State. <br /> 3. This Ordinance is, and shall constitute, a legislative measure, <br /> and after the Loan Contract is executed and delivered, this Ordinance shall <br /> constitute an irrevocable contract between the City, the Enterprise and the <br /> State, and this Ordinance shall be and shall remain. irrepealable until the <br /> loan covered by the Loan Contract shall be fully paid, satisfied or <br /> discharged. <br /> 4. All action not inconsistent with the provisions of this Ordinance <br /> heretofore taken by the City and the Enterprise or the officers thereof, and <br /> directed toward the execution and delivery of the Loan Contract is hereby <br /> ratified, approved and confirmed. <br /> 5. All ordinances, resolutions, orders and other instruments, or <br /> parts thereof, inconsistent herewith are repealed to the extent only of such <br /> inconsistency. This repealer shall not be construed to revive any ordinance, <br /> resolution, order or other instrument, or part thereof, heretofore repealed. <br /> 6. If any section, subsection, paragraph, clause or other provision <br /> of this Ordinance shall for any reason be held to be invalid or unenforceable, <br /> the invalidity or unenforceability thereof shall not affect any of the <br /> remaining sections, subsections, paragraphs, clauses or provisions of this <br /> Ordinance. <br /> 7. This ordinance is necessary for the immediate preservation of the <br /> peace, health and safety. <br /> READ, PASSED ON FIRST READING AND ORDERED PUBLISHED the 20th day of <br /> June, 1995. t� <br /> CITY OF FORT MORGAN, COLORADO <br /> ATTEST: WATER WORKS AND DISTRIBUTION <br /> ENTERPRISE <br /> *. t <br /> By /s/ James P. Zwetzig <br /> • <br /> /s/ Nancy J. Loc.» . 'd r" Chairman of the Board <br /> Secretary <br /> PASSED, APPROVED AND ADOPTED AS AMENDED ON FINAL READING the 5th day of <br /> July, 1995. <br /> CITY OF FORT MORGAN, COLORADO <br /> ATTEST: WATER WORKS AND DISTRIBUTION <br /> d cO (SANG ENTERPRISE <br /> h Q, t� By: /5/ James P. Zwetzig <br /> /s/ U . n J. Loc Chairman of the Board <br /> 3.ecr se _9s <br /> 490 <br /> 2 <br />