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, 10. All covenants, stipulations, obligations, representations, and agreements of the City
<br />� contained in this resolution or contained in the Indenture or other documents referred to above shall be
<br />� deemed to be the covenants, stipulations, obligations, representatives, and agreements of the City to the
<br />� full extent authorized or permitted by law, and all such covenants, stipulations, obligations,
<br />� representations, and agreements shall be binding upon the City. Except as otherwise provided in this
<br />� resolution, all rights, powers, and privileges conferred, and duties and liabilities imposed, upon the City
<br />� by the provisions of this resolution or of the respective Indenture or other documents referred to above
<br />� shall be exercised or performed by the City, or by such officers, board, body, or agency as may be
<br />� required or authorized by law to exercise such powers and to perform such duties. No covenant,
<br />� stipulation, obligation, representation, or agreement herein contained or contained in the Indenture or
<br />� other documents referred to above shall be deemed to be a covenant, stipulation, obligation,
<br />� representation, or agreement of any elected official, officer, agent, or employee of the City in that
<br />� person's individual capacity, and neither the members of the City Council of the City nor any officer or
<br />� employee executing the Bonds shall be liable personally on the Bonds or be subj ect to any personal
<br />liability or accountability by reason of the issuance thereof.
<br />11. Except as herein otherwise expressly provided, nothing in this resolution or in tile
<br />� Indenture, expressed or implied, is intended or shall be construed to confer upon any person, fine, or
<br />� corporation other than the City, and the Trustee, as fiduciary for owners of the Bonds, any right,
<br />� remedy, or claim, legal or equitable, under and by reason of this resolution or any provision hereof or of
<br />� the Indenture or any provision thereof; this resolution, the Indenture and all of their provisions being
<br />� intended to be, and being for the sole and exclusive benefit of the City and the Trustee as fiduciary for
<br />� owners of the Bonds issued under the provisions of this resolution and the Indenture, and the Borrower
<br />� to the extent expressly provided in the Indenture.
<br />� 12. In case any one or more of the provisions of this resolution, or of the documents
<br />� mentioned herein, or of the Bonds issued hereunder shall for any reason be held to be illegal or invalid,
<br />� such illegality or invalidity shall not affect any other provision of this resolution, or of the
<br />� aforementioned documents, or of the Bonds, but this resolution, the aforementioned documents, and the
<br />� Bonds shall be construed and endorsed as if such illegal or invalid provisions had not been contained
<br />� therein. The terms and conditions set forth in the Indenture, the pledge of revenues derived from the
<br />� Project referred to in the Indenture, the pledge of collateral derived from the Project referred to in the
<br />� Indenture, the creation of the funds provided for in the Indenture, the provisions relating to the
<br />� application of the proceeds derived from the sale of the Bonds pursuant to and under the Indenture, and
<br />� the application of said- revenues, collateral, and other money are all commitments, obligations, and
<br />� agreements on the part of the City contained in the Indenture, and the invalidity of the Indenture shall
<br />� not affect the commitments, obligations, and agreements on the part of the City to create such funds and
<br />� to apply said revenues, other money, and proceeds of the Bonds for the purposes, in the manner, and
<br />� according to the terms and conditions fixed in the Indenture, it being the intention hereof that such
<br />� commitments on the part of the City are as binding as if contained in this resolution separate and apart
<br />� from the Indenture.
<br />� All acts, conditions, and things required by the laws of the State of Minnesota, relating to the adoption
<br />� of this resolution, to the issuance of the Bonds, and to the execution of the Indenture and the other
<br />documents referred to above to happen, exist, and be performed
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