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Section 5. Nothing in this Ordinance is intended to nor should be construed to create <br />any multiple -fiscal year direct or indirect City debt or fiscal obligation whatsoever. <br />Section 6. This Ordinance is irrevocable by the City until such time as all bonded <br />indebtedness of the Subdistrict incurred during any period prior to transfer to the City of all or a <br />part of the City's allotment is paid in full according to the terms of any bond indenture or other <br />indenture issued by the Subdistrict. <br />INTRODUCED, READ, PASSED ON FIRST READING, AND ORDERED <br />PUBLI _1 this 3rd day of September, 2002. <br />• <br />p O <br />f® • <br />E E \L <br />• <br />`EST: :. <br />QO1:0Ap <br />Nancy V . a, City Clerk <br />APPROVED AS TO FORM: <br />Light, ldarrington &awes, P.C. <br />City Attorney <br />Tom Davidson, Mayor <br />PASSED AND ADOPTED ON SECOND AND FINAL READING, this 17th day of <br />Septemiiber,,2002 <br />Nancy V. a, City Clerk <br />2 <br />Tom Davidson, Mayor <br />