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4.01. Authorization. The City hereby authorizes the issuance of the Bonds in an aggregate principal amount not to exceed $13,785,000, in the general form and upon the general terms set forth in the Loan Agreement, the Subordinate Loan Agreement, the Indenture and this Resolution. The Mayor and City Manager are authorized to approve the final terms and conditions of the Bonds; provided that (i) the aggregate principal amount thereof shall not exceed $13,785,000, (ii) the maximum interest rate on the 1998A Bonds shall not exceed 6.00% per annum; the maximum interest rate on the 1998B Bonds shall not exceed 6.75% per annum, and the maximum interest rate on the 1998C Bonds shall not exceed 8.25% per annum, and (iii) the final maturity date shall not be later than December 1,2033. The Bonds shall be sold to the Purchaser pursuant to the Bond Purchase Agreement at a price not less than the principal amount thereof plus accrued interest thereon, if any, and the Borrower shall pay to the Purchaser an underwriting fee not in excess of $165,000. 4.02. Execution. The Mayor and the City Manager are hereby authorized and directed to execute the Bonds as prescribed herein and in the Indenture and to deliver them to the Trustee, together with a certified copy of this Resolution, the other documents required in the Indenture, and such other certificates, documents and instruments as may be appropriate to effect the transactions herein contemplated. The Trustee is hereby appointed authenticating agent for the Bonds pursuant to Minnesota Statutes, Section 475.55, Subdivision 1. Section 5. Authentication of Proceedings. The Mayor, City Manager and other officers of the City are authorized and directed to furnish to the Purchaser and counsel to the Purchaser certified copies of all proceedings and records of the City relating to the Bonds, and such other affidavits and certificates as may be required to show the facts relating to the legality and marketability of the Bonds as such facts appear from the books and records in the officer's custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall constitute representations of the City as to the truth of all statements of fact contained therein. Section 6. Limitations of the City's Obligations. Notwithstanding anything contained in the Bonds or the Bond Documents, the Bonds shall not constitute a debt of the City within the meaning of any constitutional or statutory limitation, and shall not be payable from nor charged upon any funds of the City other than the revenues pledged to the payment thereof pursuant to the Bond Documents, and no holder of the Bonds shall evcr have thc right to compel any exercise of the taxing power of the City to pay the Bonds or the premium, if any, or interest thereon, or to enforce payment thereof against any property of the City other than those rights and interests of the City which have been pledged to the payment thereof pursuant to the Bond Documents, and the Bonds shall not constitute a charge, lien or encumbrance, legal or equitable, upon any property of the City other than those rights and interests of the City which have been pledged to the payment thereof pursuant to the -4-