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Documents to be executed, acknowledged and delivered to the other party or parties thereto, in <br /> substantially the forms before this meeting or with such changes as shall be approved pursuant to <br /> Section 7 hereof. When the City Documents are executed and delivered on behalf of the City as <br /> hereinabove provided, such City Documents shall be binding on the City. From and after the <br /> execution and delivery of the City Documents, the officers, employees and agents of the City are <br /> authorized, empowered and directed to do all such acts and things and to execute all such , <br /> documents as may be necessary to carry out and comply with the provisions of the City I <br /> Documents as executed. The City Documents shall constitute, and hereby are made, a part of this I� <br /> Ordinance, and copies of the City Documents shall be placed in the official records of the City, <br /> and shall be available for public inspection at the of�ce of the City. I <br /> Section 3. The Bonds may be issued all on one date, or may be issued in multiple I <br /> Subseries over time with each Subseries being issued on each date that GNMA Certificates (the <br /> "Certificates") representing mortgage loans originated under the Program are issued and <br /> delivered under the Indenture and in a principal amount equal to the principal amount of such <br /> Certificates. In no event shall the aggregate principal amount of the Bonds issued exceed <br /> $75,000,000. The Bonds shall bear interest at a fixed rate or rates determined as provided in the <br /> Indenture and the Supplement, in no event however to exceed 9%per annum, and shall mature on <br /> such date as provided in the Indenture and the Supplement, but in no event later than 40 years <br /> from the date of initial issuance and delivery thereof. The Bonds shall be subject to such terms of <br /> redemption as provided in the Indenture and the Supplement. <br /> The Bonds, together with the interest thereon, are not general obligations of the City but <br /> are limited and special obligations payable solely from the payments and prepayments on the <br /> Certificates, income and gains from the investment of Bond proceeds, and any other revenues or <br /> assets led ed therefor under the Indenture. The Bonds and the interest thereon shall not <br /> P g <br /> constitute an indebtedness, liability, general or moral obligation or loan of the faith and credit or a <br /> -5- <br />