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lncludiny interest thereon, are payable solely from the revenues pledged to the payment thereof; and, the Bonds shall not constitute a debt of the City within the meaninJ of any constitutional or statutory limitation. 6. Subject to the approval of the provisions of Section 9, the forms of the Loan Ayreement, the Bond Purchase Ayreement, Indenture and Supplemental Indenture and exhibits thereto and all other documents described in paragraph 3 hereof are approved substantially in the form submitted. The Loan Agreement, Bond Purchase A'Jreement, Indenture and Supplemental Indenture, in substantially the form submitted, are directed to be executed in the name and on behalf of the City by the Mayor and the City Manager together with any other documents and certificates necessary to the transaction described above. Copies of all of the documents necessary to the transaction herein described shall be delivered, filed and recorded as provided herein and in said Loan Agreement and Indenture. 7. The City hereby finds that the information in the section of the Preliminary Official Statement captioned "The Issuer" does not contain any untrue statement of a lUaterial fact or omit to state any fact which is necessary to make the statements made therein not misleading and hereby approves in substantially the form submitted to the City Council at this meeting such infor~ation for inclusion in the Preliminary Official Statement; and the City hereby ratifies, confirms and consents to the use of said section in the Preliminary Official Statement in connection with the sale of the Bonds. The City has not prepared nor made any independent investigation of the information contained in the Preliminary Official Statement other than the section therein captioned "Issuer", and the City takes no responsibility for such information. 8. The Bonds shall be issued in an aggregate not to exceed $11,500,OUU and the rate or rates of interest on the Bonds shall be such rate or rates pet::" annum as the Mayor, the City Manayer, the Bond Purchaser, and the Company shall agree to, but not to exceed more than 9.5% per annum. The City shall proceed forthwith to issue its Bonds, in the ~~rm and upon the terms set forth in the Indenture with the principal amount and rates established as provided in this paragraph. The Bonds shall be sold to toe Bond Purchaser at a price of par plus accrued interest to the date of delivery. The Mayor and the City Manager are authorized and directed to prepare and execute the Bonds as prescribed in the Indenture and to deliver them to the Trustee for authentication and delivery to the Bond Pur-chaser. 5