AN ORDINANCE GRANTING TO THE JUNIOR CHAMBER OF CAGAYAN DE ORO, INC. (ORO JAYCEES) THRU ITS PRESIDENT, EXEMPTION FROM PAYMENT OF AMUSEMENT TAX COVERING ITS SPONSORED CONCERT ENTITLED "RIZAL UNDERGROUND" ON MARCH 22, 1997 AT THE MPSC GYMNASIUM, PROVIDED THAT THE FINANCIAL STATEMENT AND THE PROJECT/S FOR WHICH THE EXEMPTION 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