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owners of the Bonds shall ever have the right to compel the exercise of the taxing power of the
<br />City to pay any of the Bonds or the interest thereon, nor to enforce payment thereof against any
<br />property of the City; the Bonds shall not constitute a charge, lien or encumbrance, legal or
<br />equitable, upon any property of the City (other than the interest of the City in the Loan
<br />Repayments to be made by the Borrower under the Loan Agreement); and each Bond issued
<br />under the Indenture shall recite that such Bond, including interest thereon, shall not constitute or
<br />give rise to a charge against the general credit or taxing powers of the City.
<br />4. A�proval and Execution of Documents. The forms of Loan Agreement, Indenture and
<br />Bond Purchase Agreement referred to in paragraph 2, are approved. The Loan Agreement, Indenture
<br />and Bond Purchase Agreement shall be executed in the name and on behalf of the City by the Mayor
<br />and the City Manager, or executed or attested by other offcers of the City, in substantially the form on
<br />file, but with all such changes therein, not inconsistent with the Act or other law, as may be approved by
<br />the officers executing the same, which approval shall be conclusively evidenced by the execution
<br />thereof; and then shall be delivered to the Trustee.
<br />5. Approval, Execution and Delivery of Bonds. The City shall proceed forthwith to issue
<br />the Bonds, in an aggregate principal amount not to exceed $10,000,000, in the form and upon the terms
<br />set forth in the Indenture, which terms are for this purpose incorporated in this resolution and made a
<br />part hereof; provided, however, that the initial aggregate principal amount of and the maturities of the
<br />Bonds, the interest rates thereon, and any provisions for the optional or mandatory redemption thereof
<br />shall all be as set forth in the final form of the Indenture to be approved, executed and delivered by the
<br />officers of the City authorized to do so by the provisions of this Resolution, which approval shall be
<br />conclusively evidenced by such execution and delivery; and provided further that, in no event, shall such
<br />maturities exceed 30 years or such rates of interest exceed 10.00% per annum. The Underwriter has
<br />agreed, pursuant to the provisions of the Bond Purchase Agreement and subject to the conditions therein
<br />set forth, to purchase the Bonds at the purchase price set forth in the fnal form of the Bond Purchase
<br />Agreement, and approval of said purchase prices shall be conclusively evidenced by execution and
<br />delivery of the Bond Purchase Agreement by the officers of the City authorized to do so by the
<br />provisions of this Resolution. The Mayor, City Manager and other City officers are authorized and
<br />directed to prepare and execute the Bonds as prescribed in the Indenture and to deliver them to the
<br />Trustee, together with a certified copy of this Resolution and the other documents required by
<br />Section 2.8 of the Indenture, for authentication, registration and delivery to the Underwriter. As
<br />provided in the Indenture, each Bond shall contain a recital that it is issued pursuant to the Act, and such
<br />recital shall be conclusive evidence of the validity and regularity of the issuance thereof.
<br />6. Official Statement. The City hereby approves the form of and consents to the circulation
<br />by the Underwriter of the Official Statement in offering the Bonds for sale; provided, however, that the
<br />City has not participated in the preparation of the Official Statement or independently verified the
<br />information in the Offcial Statement and takes no responsibility for, and makes no representations or
<br />warranties as to, the accuracy or completeness of such information.
<br />7. Certificates, Additional Agreements, etc. The Mayor, City Manager and other officers of
<br />the City are authorized and directed to prepare and furnish to bond counsel and the purchasers of the
<br />Bonds, when issued, certified copies of all proceedings and records of the City relating to the Bonds,
<br />such additional agreements as may be necessary in connection with the issuance of the Bonds and such
<br />other affidavits and certificates as may be required to show the facts appearing from the books and
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