AN ORDINANCE GRANTING TO THE ROTARY CLUB OF SOUTH CAGAYAN DE ORO EXEMPTION FROM PAYMENT OF AMUSEMENT TAX FOR ITS SPONSORED 11TH DRUM AND BUGLE FESTIVAL '96 AT DON GREGPRIO PELAEZ SPORTS COMPLEX HELD ON NOVEMBER 17, 1996, PROVIDED THAT THE FINANCIAL STATEMENT AND THE PROJECT/S FOR WHICH THE EXEMPTON HAS BEEN GRANTED MUST BE SUBMITTED TO THE CITY COUNCIL WITHIN SIXTY (60) DAYS AFTER THE SPONSORED UNDERTAKING AND FAILURE THEREOF SHALL MEAN FORFEITURE OF THE GRANT