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their payment, nor shall the Bonds be construed to create any � <br /> moral obligation on the part of the City or any political subdivision <br /> thereof with respect to their payment. Nothing in the Bonds <br /> or in the Indenture or the proceedings of the City authorizing <br /> the issuance of the Bonds or in the Act shall be construed to <br /> authorize the City to create a debt of the City or any political <br /> subdivision thereof within the meaning of any constitutional or <br /> statutory provision of the State of Illinois. The nature of the <br /> obligation represented by the Bonds is as more fully set forth <br /> in the Indenture. <br /> Section 5. The Bonds shall be executed on behalf of <br /> the City by the facsimile signatures of the Mayor and the City <br /> Clerk, in the manner provided in the Indenture. If any of the <br /> officers who shall have signed or sealed any of said Bonds shall <br /> cease to be such officers of the City before the Bonds so si�ned <br /> and sealed shall have been actually authenticated by the Custodian <br /> or delivered by the City, such Bonds nevertheless may be authenti- <br /> cated, issued and delivered with the same force and effect as though <br /> the person or persons who signed or sealed such Bonds had not <br /> ceased to be officer or officers of the City; and also any such <br />' Bonds may be signed and sealed on behalf of the City by those <br /> persons who, at the actual date of the execution of such Bonds, <br /> shall be the proper officers of the City, although at the nominal <br /> date of such Bonds any such person shall not have been such officer <br /> of the City. <br /> Section 6 . The Indenture is hereby approved in sub- <br /> stantially the form attached hereto as Exhibit A, and the Mayor <br /> is hereby authorized to execute, acknowledge and deliver the Indenture, <br /> attested by the City Clerk , with such changes therein as shall <br /> be approved by such persons executing such document , their execution <br /> to constitute conclusive evidence of such approval , and the City <br /> Clerk is hereby authorized to affix to the Indenture the corporate <br /> seal of the City. <br /> Section 7. The Sale and Service Agreement between the <br /> City and the Lending Institution is hereby approved in substantially <br /> the form attached hereto as Exhibit B, and the Mayor is hereby <br /> authorized to execute, acknowledge and deliver the Sale and Service <br /> Agreement , attested by the City Clerk, with such changes therein <br /> as shall be approved by such persons executing such document , <br /> their execution to constitute conclusive evidence of such approval; <br /> the Service Fee provided for therein shall be an amount equal <br /> to a monthly fee of one-twelfth of 3/8 of 1� of the unpaid balance <br /> on each Mortgage Loan purchased by the City under the Agreement <br /> as of the day preceding the last day on which a scheduled payment <br /> of principal was paid, and the origination fee to be charged <br /> and retained by a Lending Institution in connection with each <br /> Mortgage Loan it originates pursuant to the Sale and Service <br /> Agreement shall be 2% of the principal amount of the Mortga�e <br /> Loan , it being hereby determined that the amount of such Service <br /> Fee and origination fee is fair, reasonable and necessary for <br /> -4- <br />