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SECTION 3. Pledge of the County's full faith and credit. The County also pledges <br />its full faith and credit including but not limited to the County's general taxing power, as <br />security for repayment of the loan, payment of interest, payment of any loan fees, and <br />including a covenant to exercise the County's authority as needed. The principal and <br />interest payments, and any loan fee payments, shall be a first charge on the General <br />Fund of the County. <br />SECTION 4. Effective Date. This Ordinance shall take effect upon its approval. <br />Introduced By: <br />,_ E11~----- <br />f <br />COUNCIL MEM E , C U TY OF HAWAII <br />xona ,Hawaii <br />Date of Introduction: <br />Date of 1St Reading: <br />Date of 2"d Reading: <br />Effective Date: <br />RE~ERENCF~ Comtrf: <br />August 19, 2009 <br />August 19, 2009 <br />September 2, 2009 <br />September 23, 2009 <br />481 <br />