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Section 8.2. ARBITRAGE. During the term of the <br /> <br />bonds, the City will make no use of bond proceeds which, if such <br />use had been reasonably expected at the date the bonds are <br />issued, would have caused the bonds to be "arbitrage bonds" <br />within the meaning of Section 10~(o) of the United States <br />Internal Revenue Code of 1984, as amended, and regulations of <br />the Internal Revenue Service authorized thereby.. <br /> <br /> I HEREBY CERTIFY that the foregoing resolution was <br />duly and regularly adopted by the City Council of the City of <br />Pleasanton, Alameda County, California, at a regular meeting <br />thereof, held on the 18th day of April, 1986. <br /> <br />AYES: Councilmembers Butler, Mohr, Wood, and Mayor Brandes <br />NOES: Councilmembers None <br />ABSENT: Councilmembers Mercer <br /> <br /> JAMES R. WALKER, City Clerk, <br /> City of Pleasanton, Alameda <br /> County, California <br /> <br /> 6 <br /> <br /> <br />