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FROM BRIGGS MDEGAN STPAUL 612-223-6645 (WED) 10. 06' 93 12: 19/ST. i 3560836491 P 6 thermion; too holder of -any 8vads shad], ever have the right to compel any exercise by the City of its taxing Powers to pay any of the Sonde or the interest or premium thereon, or to enforce payment thereof sgaitat any property of the City except the interests of the City in the Loan Agreement which have been assigned to the Trustee under tt�e Indsnture; the ` Svmds shall nvt constitute a charge, ].den or oneutabrance, legal or equitable, upon any property of trite City except the fnt9btests of the City in the Loan Agreement which have been • assigned to th¢ Truetee under the Indenture; the Bonds Bhal]. reeito that t1om Bonds are issued without moral obligation an the part of the state or its political aubdivipions, and that the Hands, including interest thereon, are payable evlely from the revenues pledged to the payment reof; and the eonds shall not constitute a debt of the city or its polfticaL subdivision within the meaning of any ccnBtitutianal or statutory limitation. B. subject to the approvel of the City Attorney and the provisions at paragraph 12 hereof, the forms of the Agreements and exhibits thereto and all other documents described in paragretph 6 hereof are approved substantially in the dorm aubmitted and an films in the office of the City Manager, with such Bxibeequent changa6-rrs may be approved by the City and the City Attorney. The Agreementis, 'in substantially the form submitted, are diracted, to be executed its the name and on behalf of the City by the Mayor and the or City Kanager- Any other dvc'�ments and certificates Mcessary to the transaction herein described shall be executed by the appropriate City affi.cera. Copies of all of the documents necessary to the tranaaotion herein described shall be delivered, tiled and recorded as provided herein and in the Loan Agreement and Indenture. 9. The City hereby consents to the distribution of the Official St&tem,arit. The City has not prepared nor made any independent investigation of the information contained ip the Official Statement (other than the section therein captioned "The Issuer") and takes no responsibility for such infotmation. ' 10. They Bonds shall bear interest at the irate or rates entab].ishsd by the Mayor and agreed to by the Purchaser and Company, but in no event shall the interest rate or rats be fixed at rates which would cause the net interest cost of the Bonds to exceed nine percent (9.00t) . Thy rata or rates so established shall be yet Earth in the Indenture prior to its execution, 119 The City sha1L proceed forthwith to issue its Bonds, in the Fottia and upon the terms sat forth in the Indenture. r 5