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<br />Section 6. Lines of credit and other evidence of indebtedness authorized by City Council <br />Resolution No. 4807 may be issued to finance the construction of the Improvements. <br /> <br />Section 7. Proceeds from unbonded assessments, improvement bonds, foreclosure of liens <br />based on the Improvements and from other budgeted funds includiiIg ad valorem taxes, iflevied, to <br />pay the debt shall be deposited in the Short Term Debt Fund until the indebtedness issued to finance <br />the Improvements is redeemed. Proceeds so deposited may be used only to pay the indebtedness <br />issued to finance the Improvements. <br /> <br />Section 8. The City Manager, or the person designated in writing by the City Manager to act <br />under Resolution No. 4807 may sign the evidence of indebtedness issued to finance the construction <br />of the Improvements. <br /> <br />Section 9. This Resolution shall become effective immediately upon its adoption. <br /> <br />The foregoing Resolution adopted the 12th day of May, 2008. <br /> <br />[-1\N1. ~ <br />~ity ecorder <br /> <br />, <br /> <br />Resolution - 2 <br />