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improvement district has been terminated, will be paid from/deposited to the improvement district <br />revolving fund pursuant to section 12 -49, Hawaii County Code. <br />SECTION 5. The redemption date fixed in the call for redemption of all outstanding <br />Improvement District No. 17 bonds of January 1, 2011 has passed. <br />SECTION 6. In the event that any provision of this ordinance is declared invalid, the <br />invalidity shall not affect other provisions or applications of this ordinance. <br />SECTION 7. This ordinance shall take effect upon its approval. <br />Hilo , Hawai `i <br />Date of Introduction: <br />Date of 1st Reading: <br />Date of 2nd Reading: <br />Effective Date: <br />INTRODUCED BY: <br />COUNCIL MEMBER, COUNTY OF HAWAII <br />July 22, 2011 <br />July 22, 2011 <br />August 3, 2011 <br />August 26, 2011 <br />REFERENCE' Comm. <br />249 <br />2 <br />