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of the Bonds may be aggregated with other bonds with the same security that have been or may be <br />authorized by Council, with such appropriate designation as the City Representative (as defined in <br />paragraph 3) may determine. <br />2. Pledge of Full Faith and Credit. The full faith and credit of the City are hereby <br />irrevocably pledged for the payment of the principal of, premium, if any, and interest on the Bonds <br />as the same become due and payable. The City Council shall levy annually an annual ad valorem <br />tax upon all property in the City subject to local taxation sufficient to pay the principal of, <br />premium, if any, and interest on the Bonds as the same .shall become due for payment unless other <br />funds are lawfully available and appropriated for the timely payment thereof. <br />3. Designation of City Representative. For the purposes set forth in this Ordinance, <br />the term "City Representative" means the City Manager and the Chief Financial Officer, either of <br />whom may act. <br />4. Details and Sale of Bonds. The Bonds shall be issued and sold upon the terms <br />established pursuant to this Ordinance and upon such other terms as may be determined in the <br />manner set forth in this Ordinance. The Bonds shall be issued in fully registered form, shall be <br />dated such date as the City Representative may approve, and shall be in denominations of 55,000 <br />and integral multiples thereof. The Bonds shall be numbered from R -1 (or such other designation <br />as the City Representative may approve) upwards consecutively. The Bonds shall be issued in one <br />or more series in such aggregate principal amounts, and may be combined with other authorized <br />obligations of the City, and shall mature or be subject to mandatory sinking fund redemption on <br />such dates and in such amounts as the City Representative may approve, provided that (1) the <br />principal amount of the New Money Bonds shall not exceed 542,400,000, (ii) the final maturity of <br />any New Money Bond shall not be later than 40 years from the date of issuance, (iii) the final <br />