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<br />Section l - <br /> <br />Further Actions Authorized <br /> <br />The City Manager, Clerk of the Council, City Treasurer, City Attorney, Sands Anderson <br />Marks & Miller, a Professional Corporation as Bond Counsel, Davenport & Company LLC as <br />financial advisor to the City and all other officers, employees and agents of the City are hereby <br />authorized and directed to take any and all such further action as shall be deemed necessary or <br />desirable to facilitate consideration of the issuance of the proposed Bonds, including but not <br />limited to the publication and broadcasting, as required by the City Charter, of notice of a public <br />hearing to be held prior to final authorization by the City Council of the issuance of the Bonds. <br />The public hearing shall be held on August 23, 2005 at 7:30 p.m. at the City Council Chambers, <br />Second Floor, City of Martinsville Municipal Building, 55 West Church Street, Martinsville, <br />Virginia 24112. All actions of the City Manager, Clerk of the Council, City Treasurer, City <br />Attorney, Bond Counsel, the City's financial advisor and all other officers, employees and agents <br />of the City in furtherance of the issuance of the Bonds and the advance refunding of the Bonds to <br />be Refunded are hereby approved and ratified. <br /> <br />Section 4 - <br /> <br />Invalidity of Sections <br /> <br />If any section, paragraph, clause or provision of this Ordinance shall be held invalid or <br />unenforceable for any reason, the invalidity or unenforceability of such section, paragraph, clause <br />or provision shall not affect any of the remaining portions of this Ordinance. <br /> <br />Section 5 - <br /> <br />Headin~s of Sections <br /> <br />The headings of the sections of this Ordinance shall be solely for convenience of <br />reference and shall not affect the meaning, construction, interpretation or effect of such sections <br />of this Ordinance. <br /> <br />Section 6 - <br /> <br />Rffective Date and Filin~ of Ordinance <br /> <br />The Council hereby declares in the public interest that an emergency exists and that this <br />Ordinance shall be passed on the same day it is introduced and shall become effective <br />immediately upon its passage as an emergency measure pursuant to Sections 2 and 3 of Chapter 3 <br />of the Martinsville City Charter. A copy of this Ordinance, certified by the Clerk of the Council, <br />shall be filed with the Clerk of the Circuit Court of the City of Martinsville, Virginia. <br /> <br />2 <br />