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<br />:,. <br /> <br />L' <br />'- <br />. <br /> <br />2/28/78 <br /> <br />. <br /> <br />provided below, and provision shall have been made by the Agency, for the publication, in a financial <br />newspaper or journal of general circulation in The City of New York. New York, of a notice to the <br />holden of such Bonds and coupons that such moneys are available for such payment. <br /> <br />Moneys held for payment or redemption in accordance with the provisions of this section shall <br />be invested in direct obligations of the United States of America, or bonds or other obligations for <br />which the faith and credit of the United States of America are pledged for the payment of principal <br />and interest, or other investments which are authorized investments of the Agency, to mature or be with- <br />drawable, as the case may be, not later than the time when needed for such payment or redemption. <br />Net income earned on such investments may be paid to the Agency or may be used for the payment or <br />redemption of Bonds and to the extent permitted by law may be considered as adequate provision for <br />payment. <br /> <br />Section 32. SevenbUity. If any covenant, agreement or provision, or any portion thereof, contained <br />in this resolution, or if the application thereof to any penon or circumstances, is held to be unconstitutional, <br />invalid and unenforceable, the remainder of this resolution and the application of any such covenant, agree- <br />ment or provision, or portion thereof, to other penons or circumstances, shall be deemed severable and <br />shall not be affected, and this resolution and the Bonds issued punuant hereto sball remain valid and the <br />bondholden sball retain all valid rights and benefits accorded to them under this resolution and the <br />Constitution and laws of the State of California. <br /> <br />If any provision relating to the duties of the Fiscal Agent are held to be unconstitutional, invalid <br />or unenforceable, said duties shall be performed by the Treasurer. <br /> <br />Section 33. Elfectlve Date. This resolution shall take effect upon adoption. <br /> <br />PASSED AND ADOPTED this 28th day of February, 1978. <br /> <br />. <br /> <br />~'A--~~""A~ ,- <br />Chairman of the Community Redevelopment <br />Agency of the City of Santa Ana <br /> <br />Attest: <br /> <br />~~ <br /> <br />Secretary of the Community Redevelopment <br />Agency of the City of Santa Ana <br /> <br />(Seal) <br /> <br /> <br />APPROVED AS TO FORM: <br /> <br /> <br />¿'sç#j G:to=ey <br /> <br />23 <br />