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<br />(b) Five Hundred Ninety eight Thousand and no/100 dollars ($598,000.00) for <br />the payment of principal and interest on Redwood City General Improvement District <br />No. 1-64 Reclamation Bonds, Series A,B,C,D. and E, for deposit in the Redwood City <br />General Improvement District No. 1-64 Reclamation Bond Principal and Interest <br />Fund, and the special tax rate therefor is hereby levied and fixed at $0.4303 on each <br />One Hundred Dollars ($100.00) of the assessed value of all taxable land within the <br />limits of General Improvement District No. 1-64 as said District was established by <br />Resolution No. 4274 adopted by the Council of the City of Redwood City on May 4, <br />964, together with all territory thereafter annexed thereto, as said value has been <br />established in accordance with Ordinance No. 1290, adopted by the Council of the <br />City of Redwood City on January 30, 1967. <br />SECTION 2. REPEAL. All ordinances or parts of ordinances in conflict with <br />this ordinance are hereby repealed. <br />SECTION 3. SEVERABILITY. If any section, sentence, clause or phrase of this <br />ordinance is for any reason held by a Court of competent jurisdiction to be invalid, such <br />decision shall not affect the validity of portions of this ordinance, and the City Council <br />hereby declares that it would have adopted said ordinance and each section, sentence, <br />clause and phrase thereof, irrespective of the fact that anyone or more section, sentence, <br />clause or phrase be declared invalid. <br /> -2- <br />