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<br />I <br /> <br />payment thereof, nor shall the City be subject to any liability <br />thereon. The holder or holders of the Bonds shall never have <br />the right to compel any exercise of the taxing power of the <br />city to pay the outstanding principal on the Bonds or the <br />interest thereon, or to enforce payment thereon against any <br />property of the City. The Bonds shall recite in substance that <br />the Bonds, including the interest thereon, are payable solely <br />from the revenue and proceeds pledged to the payment thereof. <br />The Bonds shall not constitute a debt of the City within the <br />meaning of any constitutional or statutory limitation; <br /> <br />lO. In anticipation of the approval by the MHFA and <br />the issuance of the Bonds to finance all or a portion of the <br />Project, and in order that completion of the Project will not <br />be unduly delayed when approved, the Developer is hereby <br />authorized to make such expenditures and advances toward <br />payment of that portion of the costs of the Project to be <br />financed from the proceeds of the Bonds, as the Developer <br />considers necessary, including the use of interim, short-term <br />financing, subject to reimbursement from the proceeds of the <br />Bonds if any when delivered but otherwise without liability on <br />the part of the City. <br /> <br />Adopted by the City Council of the City of Roseville, <br />Minnesota this 23rd day of September, 1985. <br />