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Section 6. As of the effective date of this Ordinance, the nine (9) member TIF <br />Commission hereby established shall assume all outstanding obligations of the <br />previously established seven (7) member Tax Increment Financing Commission of <br />University City. <br /> <br /> Section 7, The portions of this Ordinance shall be severable. In the event that <br />any portion of this Ordinance is found by a court of competent jurisdiction to be <br />invalid, the remaining portions of this Ordinance are valid, unless the court finds the <br />valid portions of this Ordinance are so essential and inseparably connected with and <br />dependent upon the void portion that is cannot be presumed that the Council of the <br />City would have enacted the valid portions without the invalid ones, or unless the <br />court finds that the valid portions standing alone are incomplete and are Incapable <br />of being executed in accordance with the legislative intent. <br /> <br /> Section 8. This ordinance shall take effect and be in force from and after its <br />passage as provided by law. <br /> <br />PASSED this 12th day of August , 1996. <br /> <br />ATfEST: <br /> <br />CITY CLERK <br /> <br />CERTIFIED TO BE CORRECT AS TO FORM: <br /> <br /> <br />