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and Highways Code of the State of California. This action shall <br />be filed not later than one hundred fifty (150) days after the <br />date of delinquency. <br /> <br /> Section 8.2. ARBITRAGE. Durin~ 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 "arbitra~e bonds" <br />within the meanin~ of Section 103(c) 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 fore~oin~ resolution was <br />duly and regularly adopted by the City Council of the City of <br />Pleasanton, Alameda County, California, at a regular meetin~ <br />thereof, held on the 1st day of April, 1988. <br /> <br />AYES: Councilmembers Butlsr, Marcar, Wood, and Vice Mayor Mohr <br />NOES: Councilmembers Nons <br />ABSENT: Councilmembers Mayor Brandss <br /> <br /> JAMES R. WALKER, City Clerk, <br /> City of Pleasanton, Alameda <br /> County, California <br /> <br /> 8 <br /> <br /> <br />