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compel any exercise of the taxing power of the City to pay the <br />outstanding principal on the Bonds or the interest thereon, or <br />to enforce payment thereon against any property of the City. <br />The Bonds shall recite in substance that the Bonds, including <br />the interest thereon, are payable solely from the revenue and <br />proceeds pledged to the payment thereof. The Bonds shall not <br />constitute a debt of the City within the meaning of any <br />constitutional or statutory limitation. <br />10. In anticipation of the approval by MHFA and the <br />issuance of the Bonds to finance all or a portion of the <br />Project, and in order that completion of the project will not <br />be unduly delayed when approved, the Developer is hereby <br />authorized to make such expenditures and advances toward <br />payment of that portion of the costs of the Project to be <br />financed from the proceeds of the Bonds, as the Developer <br />considers necessary, including the use of interim, short -term <br />financing, subject to reimbursement from the proceeds of the <br />Bonds if any when delivered but otherwise without liability on <br />the part of the City. <br />Adopted by the City Council of the City of Little <br />Canada, this 26th day of November, 1985. <br />6 <br />