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(b) The Mayor and City Clerk, or any other officers of the City authorized to act in their <br /> place, (the "City Officials") are authorized and directed to execute on behalf of the City, as the <br /> obligated person with respect to the Bonds, a continuing disclosure undertaking in accordance with <br /> the provisions of Rule 15c2-12 promulgated by the Securities and Exchange Commission pursuant <br /> to the Securities Exchange Act of 1934, as amended. <br /> SECTION 3. Publication. This Ordinance, as adopted on the date hereof, shall be published in <br /> the official newspaper of the City and the EDA. <br /> SECTION 4. Effective Date. The effective date of this Ordinance shall be the date of its <br /> adoption. <br /> 415279v2 JSB ELI 85-21 <br />