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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 /> 0 I <br /> COUNCIL MEMBER, COUNTY OF HAWAII <br /> Hilo , Hawai'i <br /> Date of Introduction: March 16, 2016 <br /> Date of 1St Reading: March 16, 2016 <br /> Date of 2nd Reading: .April 6 2016 <br /> Effective Date: April 22, 2016 <br /> 712 <br /> REFERENCE Comm. <br />