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or appropriate in order to preserve the ability of the Issuer to finance its capital expenditures in <br />accordance with the federal tax regulations and this Resolution. <br />Section 4. NO REPLACEMENT PROCEEDS. The Issuer will not, at any time <br />within one year after any allocation of proceeds of the Reimbursement Bonds to reimburse any <br />expenditure, use the reimbursed funds to create a sinking fund for any issue of tax-exempt bonds <br />to otherwise replace the proceeds of any issue of tax-exempt bonds. <br />Section 5. EFFECTIVE DATE; REPEAL. This Resolution shall take effect <br />immediately upon its adoption. All prior resolutions or portions thereof inconsistent are hereby <br />repealed. <br />ADOPTED this day of 2021. <br />Y: <br />ATTEST: <br />By. <br />Donna G. Gardner, City Clerk <br />APPROVED AS TO FORM AND CONTENT: <br />By: (- �- <br />City Attorney <br />David t4enson, Mayor/Commissioner <br />