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<br />e~cumbra~ce, legal or equitable, upon any property or funds of the <br />City except tha reve~ue a~d proceeds pledged to the payme~t <br />thereof, r:.or- shall the City be subject to any liability thereon. <br />The holde~- or- holders from time to time of the bo~ds shall never <br />have the right to compel a~y exercise of the taxi~~ power of the <br />City to pay the outsta~din~ principal On the bo~ds or the i~terest <br />thereo~ or to e~force payme~t thereof against any property of the <br />City. The bo~ds shall recite in substance that the bonds, <br />includir:.g interest thereon, are payable solely from the r.evenue <br />and proceeds pledged to the payme~t thereof. The bonds shall not <br />constitute a debt of the City within the mea~ing of any <br />constitutiorial or statutory limitation. <br /> <br />9. In anticipation of the approval of the Authority and <br />the tssuance of the bonds to finance all or a portion of the <br />Pr.oject a~d in order that completion of the P~oject shall not be <br />unduly delayed when approved, the Bor.rower may make such <br />expe~ditu~es a~d advances toward payment of that portion of the <br />costs of the Project to be financed from the proceeds of the bonds <br />as the Bor~ower considers necessary, including the use of interim, <br />short-te~m fina~cing, to be reimbursed from the proceeds of the <br />bo~ds if and whe~ delivered, but the City shall in no event be <br />liable for payment of, or. i~ any respect with regard to, any such <br />expenditures whether. or ~ot bonds are issued or whether. or not the <br />City gives final approval to the issuance of bonds, except such <br />costs may be paid from bond proceeds if and when such bo~ds are <br />issued. <br /> <br />Approved and adopted this ,eighth day of October., 1984. <br /> <br /> <br />4 <br />