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1 2. 1 3 4 5 6 7 8 9'1 10' 111 121 1311 14 15' 16 17 18 19 20 21 22 23 24 25 26 27 28 authorized by this Ordinance when due. IAS FOLLOWS: NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COLTON DOES ORDAIN 1. The issuance and sale by the Authority from time to time, in one or more installments, of its Notes outstanding at any one time in accordance with their terms in a maximum aggregate principal amount of $400,000,000 is hereby authorized. Not- withstanding such maximum aggregate principal amount, the Authority is hereby authorized to issue additional principal amounts of Notes if and to the extent required to complete the financing of the Project. The proceeds from the sale of the Notes hereby authorized a -re to be used for the financing of costs of acquisition and construction of the Project, includ- ing interest on the Notes. The Notes hereby authorized are to be renewable from time to time and such Notes, and premium, if any, and interest thereon, are to be payable from proceeds of Power Project Revenue Bonds of the Authority and, to the ex- tent not so paid, may be payable from revenues of the Authorit from the Project, including payments received by the Authority from the Participants under the Power Sales Contracts. 2. Pursuant to Section 6547 of the Joint Powers Act, this Ordi- nance is subject to the provisions for referendum prescribed by Section 3751.7 of the Elections Code of the State of Cali- fornia. 3. The City Clerk shall certify to the enactment of this Ordinanc and shall cause notice of the same to be published in accord- ance with Section 6040.1 of the Government Code of the State of California for five (5) consecutive days within fifteen (15