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- 07.24.89 02:19 PM *F MACKENZIE BROWN P06 <br />1 <br />a <br />3 <br />4 <br />5 <br />6 <br />7 <br />B <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />interest to be paid on said bonds shall not exceed the greater <br />of either twelve percent (12%) per annum or the maximum rate <br />permitted by law at the time of sale of any of said bonds. The <br />bonds, except where other funds are made available, shall be <br />paid exclusively from the annual levy of the special tax, and <br />are not secured by any other taxing power or funds of the Commu- <br />nity Facilities District or the city. <br />ELECTION <br />SECTION 7. The proposition related to the incurring of the <br />bonded indebtedness shall be consolidated with the proposition <br />relating to the levy of the special tax, shall be combined into <br />I <br />one ballot propoeition, and shall be submitted to the qualified <br />voters at a special election to be held on the 7TH day of <br />SEpTEMBER, 1989, and said election shall be a special mailed <br />ballot election to be conducted by the City Clerk (hereinafter <br />referred to as the "Election Official"). If the combined <br />proposition for the levy of the special tax and the incurring of <br />the bonded indebtedness receive the approval of more than <br />two-thirds (2/3) of the votes cast on the proposition, bonds may <br />be authorized, issued and gold for the purposes set forth herein <br />and the special tax may be levied as provided for in the <br />Resolution of Formation. <br />BALLOT <br />SECTION 8. That the ballot proposal to be submitted to the <br />qualified voters at the election shall generally be as follows, <br />