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1999_0125_packet
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1999_0125_packet
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that the right to enforce the provisions of these <br /> covenants shall be limited to a right to obtain <br /> specific enforcement of the City' s obligations <br /> under the covenants, <br /> The Mayor and Manager of the city, or any other officer of <br /> the city authorized to act in their place with "Officers" are <br /> hereby authorized and directed to execute on behalf of the city <br /> the Undertaking in substantially the form presented to the City <br /> Council subject to such modifications thereof or additions <br /> thereto as are (i) consistent with the requirements under the <br /> Rule, (ii) required by the Purchaser of the Bonds, and (i i i) <br /> acceptable to the officers. <br /> 21, General O l ig t ign Ple.�. For the prompt and <br /> full payment of the principal and- interest on the <br /> Bonds, as the same respectively become due, the full <br /> faith, credit and taxing powers of the City shall be <br /> and are hereby irrevocably pledged. If the balance in <br /> the Debt Service Account is ever insufficient to pay <br /> all principal and interest then due on the Bonds and <br /> any other bonds payable therefrom, the deficiency shall <br /> be promptly paid out of any other funds of the city <br /> which are available for such purpose, and such other <br /> funds may be reimbursed with or without interest from <br /> the Debt Service Account when a sufficient balance is <br /> available therein, <br /> 22 ,11h Cer±ificate of Registrat The Manager is <br /> hereby directed to file a certified copy of this <br /> resolution with the county Auditor of Ramsey County, <br /> Minnesota, together with such other information as he <br /> or she shall require, and to obtain the County <br /> Auditor's certificate that the Bonds have been entered <br /> in the County Auditor' s Bond Register, and that the tax <br /> levy required by law has been made. <br /> 230 The officers of the <br /> City are hereby authorized and directed to prepare and <br /> furnish to the Purchaser, and to the attorneys <br /> approving the legality of the issuance of the Bonds, <br /> certified copies of all proceedings and records of the <br /> City relating to the Bonds and to the financial <br /> condition and affairs of the City, and such other <br /> affidavits, certificates and information as are <br /> required to show the facts relating to the legality and <br /> marketability of the Bonds as the same appear from the <br /> books and records under their custody and control or as <br /> otherwise known to them, and all such certified copies, <br /> certificates and affidavits, including any heretofore <br /> furnished, shall be deemed representations of the city <br /> as to the facts recited therein, <br /> 24 , Neaative Covenant s to Use Proceeds <br /> The city hereby covenants not to use the <br /> proceeds of the Bonds or to use the Improvements, or to <br /> 1006009.1 27 <br />
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