Laserfiche WebLink
: security interest in the Project effected by the Mortgage and the <br /> Assignment of any Lease effected by a Lease Assignment and pay- <br /> able solely from the receipts derived from the Loan Agreement <br /> (except to the extent paid out of moneys attributable to the Bond <br /> proceeds or the income from the temporary investment thereof} and <br /> other sources mentioned in the Loan Agreement and shall be a <br /> valid claim of the registered owners thereof only against the <br /> Bond Fund and other moneys and receipts held by the Assignee <br /> derived from and in connection with the Loan Agreement, which <br /> moneys and receipts shall be used for no other purpose than to <br /> pay the principal installments of and interest on the Bonds, <br /> except as may be otherwise expressly authorized in this Bond <br /> Ordinance. The Bonds and the obligation to pay interest thereon <br /> do not now and shall never constitute an indebtedness or a loan <br /> of credit of the Issuer, the State of Illinois or any political <br /> subdivision thereof, or a charge against their general taxing <br /> powers, within the meaning of any constitutional or statutory <br /> provisions of the State of Illinois , but shall be secured by the <br /> Mortgage and the Lease Assignment and payable solely from the <br /> receipts from the Loan Agreement. Without limiting the <br /> ioregoing, the Issuer makes no representation that interest on <br /> the Bonds is or will continue to be exempt from federal income <br /> taxation, and expressly disclaims any liability for absence or <br /> loss of any such exemption for any reason whatsoever. <br /> The Bonds are to be issued in the denomination of <br /> $5 , 000 vr any integral multiple thereof. <br /> -9- <br />