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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 />8. In anticipation of the approval by the Department the <br />issuance of the Revenue Bonds to finance all or a portion of <br />the Project, and in order that completion of the Project will <br />not be unduly delayed when approved, Company 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 Revenue Bonds as Company con- <br />siders necessary, including the use of interim, short -term <br />financing, subject to reimbursement from the proceeds of the <br />Revenue Bonds if and when delivered but otherwise without <br />liability on the part of the City; <br />9. The actions of the City Clerk- Treasurer in causing <br />public notice of the public hearing and in describing the <br />general nature of the Project and estimating the principal <br />amount of the Revenue Bonds to be issued to finance the Project <br />and in preparing a draft of the proposed application to the <br />Authority, for approval of the Project, which has been <br />available for inspection by the public at the City Hall from <br />and after the publication of notice of the hearing, are in all <br />respects ratified and confirmed. <br />Adopted by the City Council of the City of Little Canada, <br />Minnesota, this 9th day of October, 1985. <br />Attest: <br />City Clerk- Treasurer <br />v <br />5 <br />Mayor <br />