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. FROM BRIGGS & MORGAN 8T. PAUL 612-223-6645 (WED) 10. 06' 93 12: 19/8T. 12: 16/NO, 3560836491 P 6 thereon; no holder of any Bonds shall ever have the right to aompe~ any exercise by the City of its taxing powers to pay any of the Bonds or the interest or premium thereon, or to enfo~ce payment thereof againat any property of the City except the interests of the City in the Loan Agreement which have been assigned to the Trustee under the Indenture; the Bonds shall not constitute a charge, lien or Gncumbrance, leqal or equitable, upon any property of the City except the interest.s of the city in the Loan Aqreement which have been · as(;ic:Jned tg 'the Trustee under the Indenture; the Bonds shall recite that the Bonds are issued without moral obligation an the part of the state or its pOlitical subdivi~ions, and that the Bonds, including interest thereon, are payable sglely from the revenues pledged to the payment thereof; and the Bonds shall not constitute a debt of the City or its political subdivision ~ithin tbe meaning of any constitutional or statutory limitation. 8. SUbject to the approval of the City Attorney and the provisions of paragraph 12 hereof, the fo~s of the Aqre~ments and exhibits thereto and all other documents described in paragraph 6 hereof are approved sUbstantially in the form submitted and on file in the office of the City Manaqer, witb such subsequent changes as may be approved by the city and the City Attorney. The Agreements, in sUbstantially the form SUbmitted, a~e dir~cted tQ be executed in the name and on behalf of the City by the Mayor and the or City Manager. Any other documents and certificates necessary to the transaction herein described shall be executed by the appropriate City officers. Copies of all of the documents necessary to the transaction hergin described shall be delivered, filed and recorded as provided herein and in the Loan Agreement and Indenture. 9. The City hereby consents to the distribution of the Official Stat@ment. Tho Ci~y has not prepared nor made any independent investigation of the information contained in the Official Statement (other than the section therein captioned lI~he Issuer") and takes no responsibility for such information. ' 10. The Bond~ shall bear interest at the rate o~ rates establi$hed by the Mayor and agreed to by the Purchaser and COMpany, but in no event shall the interest rate or rates 'be fixed at rates which would causa the net interest cost of the Bo~ds to exceed nine percent (9.00%). The rate Or rates so established shall be set forth in the Indenture prior to its execution. 11. The city shall proceed forthwith to issue its Bonds, in the fo~ and upon the terms set forth in the Indenture. 249097' 5