The City of Great Falls

ORDINANCE 2861 GAVE US OUR RIGHT TO VOTE

5.20.110. Finance. When necessary to effect the purposes of this ordinance, general obligation and/or revenue bonds may be issued pursuant to Title 7, Chapter 7, Parts 41 through 46, M.C.A. to meet any or all financial obligations of the electric utility. The City Commission may issue bonds, payable from the revenues of the electric utility, to design, construct, acquire, install and improve, from time to time, electrical utilities in accordance with the provisions of Title 7, Chapter 7, Part 43 and 44 of Montana Code Annotated. If bonds are to be issued that are payable in part from the general fund or taxes levied by the City, such bonds may be issued only if approved by the electors of the City in accordance with Title 7, Chapter 7, Part 41, M.C.A.

ON NOVEMBER 1, 2005 our City Council Repealed Ordinance 2861 ABOVE (WHICH GAVE US THE RIGHT TO VOTE) by amending Ordinance 2925 OCCGF 5.20 as documented below:

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COMMISSION OF THE CITY OF GREAT FALLS, MONTANA that Title 5, Chapter 20, OCCGF, be amended as follows:

Section 1. Ordinance 2861 is hereby repealed.

Section 2: OCCGF 5.20 pertaining to establishing and operating an electric utility

is hereby enacted to read in its entirety as set forth in Exhibit A.

PASSED AND ADOPTED by the City Commission of the City of Great Falls, Montana, on the

1st day of November, 2005.

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Randall H. Gray, Mayor

ATTEST:

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Peggy J. Bourne, City Clerk

(SEAL OF CITY)

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Approved for Legal Content: City Attorney

State of Montana )

County of Cascade :ss

City of Great Falls )

I, Peggy J. Bourne, City Clerk of the City of Great Falls, Montana, do hereby certify that

the foregoing Ordinance 2925 was placed on its final passage and passed by the Commission of

the City of Great Falls, Montana, at a meeting thereof held on the 1st day of November, 2005,

and approved by the Mayor of said City on the 1st day of November, 2005.

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the Seal of said City

this 1st day of November, 2005.

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Peggy J. Bourne, City Clerk