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Agreement); and each Bond issued under the Bond Indenture shall recite that such Bond, including interest thereon, shall not constitute or give rise to a charge against the general credit or taxing powers of the City. 4. Approval and Execution of Documents. The forms of Bonds and the City Bond Documents are approved. The City Bond Documents are authorized to be executed in the name and on behalf of the City by the Mayor and the City Finance Director, at such time, if any, as they may deem appropriate, or executed or attested by other officers of the City, in substantially the form on file, but with all such changes therein, not inconsistent with the Act or other law, as may be approved by the officers executing the same, which approval shall be conclusively evidenced by the execution thereof; and then shall be delivered to the Bond Trustee. 5. Approval, Execution and Delivery of Bonds. The City is authorized to issue the Bonds, in an aggregate principal amount of not to exceed $8,950,000 for the Bonds, in the form and upon the terms set forth in the Bond Indenture which terms are for this purpose incorporated in this resolution and made a part hereof; provided, however, that the initial aggregate principal amount of and the maturities of the Bonds, the interest rates thereon, and any provisions for the optional or mandatory redemption thereof shall all be as set forth in the final form of the Indenture to be approved, executed and delivered by the officers of the City authorized to do so by the provisions of this Resolution, which approval shall be conclusively evidenced by such execution and delivery; and provided further that, in no event, shall such maturities exceed 30 years or such rates of interest produce a net interest cost in excess of 12% per annum on the Bonds. The Underwriter has agreed pursuant to the provisions of the Bond Purchase Agreement and subject to the conditions therein set forth, to purchase the Bonds at the purchase price set forth in the Bond Purchase Agreement and said purchase price is hereby accepted. The Mayor, City Finance Director and other City officers are authorized to execute the Bonds as prescribed in the Bond Indenture at such time, if any, as they may deem appropriate, and to deliver them to the Bond Trustee, together with a certified copy of this Resolution and the other documents required by Section 2.01 of the Indenture for authentication, registration and delivery to the Underwriters. 6. Governmental Pro�ram. The City hereby establishes a governmental program of acquiring purpose investments for qualified 501(C)(3) organizations. The governmental program is one in which the following requirements of §1.148-1 (b) of the federal regulations relating to tax-exempt obligations shall be met: (a) the program shall involve the origination or acquisition of purpose investments; (b) at least 95% of the cost of the purpose investments acquired under the program shall represent one or more loans to a substantial number of persons representing the general public, states or political subdivisions, 501(c)(3) organizations, persons who provide housing and related facilities, or any combination of the foregoing; (c) at least 95% of the receipts from the purpose investments shall be used to pay principal, interest, or redemption prices on issues that financed the program, to pay or reimburse administrative costs of those issues or of the program, to pay or reimburse 1432633�2 3