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4. In accordance with Subdivision 7a of Section. 474.01 <br />. Minnesota Statutes, the Mayor of the City is hereby authorized <br />and directed to submit the proposal for the Project to the <br />Authority requesting its approval, and other officers, <br />employees and agents of the City are hereby authorized to <br />provide the Authority with such preliminary information as it <br />may require; <br />5. Company has agreed and it is hereby determined that <br />ariy and~all costs incurred by the City in connection with the <br />financing of the Project whether or not the Project is carried <br />to completion and whether or not approved by the Authority will <br />be paid by Company; <br />6. Briggs and Morgan, Professional Association, acting as <br />bond counsel, and Mid-Atlantic Capital-Corp., investment <br />bankers, are authorized to assist in the preparation and review <br />of necessary documents relating to the Project, to consult. with <br />the City Attorney, Company and the purchaser of .the Revenue <br />Bonds as to the maturities, interest. rates and. other terms and <br />provisions of the Revenue Bonds and as to the covenants and <br />other provisions of the necessary documents and to submit such <br />documents to the Council for final approval; <br />7. Nothing in this. resolution or in the documents pre- <br />pared pursuant hereto shall authorize the expenditure of any <br />municipal funds on the Project other than t'ne revenues derived <br />• from the Project or otherwise granted to the City for this <br />purpose. The Revenue Bonds shall not constitute a charge, lien <br />or encumbrance, legal or equitable, upon any property or funds <br />of the City except the revenue and proceeds pledged to the <br />payment thereof, nor shall the City be subject to any liability <br />thereon. The holder of the Revenue Bonds shall never have the <br />right to compel any exercise of the taxing power of the City to <br />pay the outstanding principal on the Revenue Bonds or the <br />interest thereon, or to enforce payment thereof against any <br />property of the City. The Revenue Bonds shall recite in <br />substance that the Revenue Bonds, including interest thereon, <br />is payable solely from the revenue and proceeds pledged to the <br />payment thereof. The Revenue Bonds shall not constitute a debt <br />of the City within the meaning of any constitutional or <br />statutory limitation; <br />• <br />