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3 . That the Mayor of the City be, and he hereby <br /> is authorized, empowered and directed to cause to be <br /> prepared an issue of the Bonds, in the form, bearing <br /> interest at the rate or rates, maturing and having the <br /> other terms and provisions specified in the Trust <br /> Agreement (as executed and delivered) and in an <br /> aggregate principal amount not to exceed $3 , 000, 000 as <br /> shall be approved by the officers of the City executing <br /> the Bonds, the act of such execution to be evidence of <br /> such approval; that the Bonds shall be executed in the <br /> name of the City with the manual or facsimile signature <br /> of its Mayor and attested by the manual or facsimile <br /> signature of its City Clerk and the seal of the City <br /> shall be impressed or reproduced thereon, and that the <br /> Mayor or any other officer of the City shall cause the <br /> Bonds, as so executed, attested and sealed, to be <br /> delivered to the Trustee for authentication. <br /> 4. That the Mayor be, and he hereby is, <br /> authorized, empowered and directed to sell and deliver <br /> to the Original Purchaser the Bonds at a price equal to <br /> 100% of the aggregate principal amount thereof. <br /> 5 . That from and after the execution and <br /> delivery of the aforesaid documents, the officers, <br /> agents and employees of the City are hereby authorized, <br /> empowered and directed to do all such acts and things <br /> and to execute and deliver all such documents as may be <br /> necessary to carry out and comply with the provisions <br /> of said documents as executed. <br /> 6. That the Bonds shall be payable solely out of <br /> the revenues and income derived from or in respect of <br /> the loan of the proceeds of the Bonds to the Company to ' <br /> finance the acquisition, construction and equipping of <br /> the Project pursuant to the Agreement, and the <br /> enforcement of the covenants of the Company to make <br /> payments under the Agreement and the Note, and shall in <br /> no event be a charge against the credit or general <br /> taxing powers of the City, the State or any political <br /> subdivision thereof. <br /> 7 . That all acts and undertakings of the <br /> officers of the City which are in conformity with the <br /> purposes and intent of this Ordinance and in <br /> furtherance of the issuance and sale of the Bonds and <br /> the financing of the acquisition, construction and <br /> equipping of the Project shall be, and the same hereby <br /> are, in all respects, approved and confirmed. <br /> - 4 - <br />