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of the operation and maintenance of the Project, <br />including, but without limitation, adequate <br />insurance thereon and insurance against all <br />liability for injury to persons or property <br />arising from the operation thereof, and all taxes <br />and special assessments levied upon or with <br />respect to the Project Premises and payable during <br />the term of the Mortgage, Loan Agreement and <br />Indenture; <br />(h) under the provisions of Minnesota <br />Statutes, Section 474.10, and as provided in the <br />Loan Agreement and Indenture, the Bonds are not to <br />be payable from or charged upon any funds other <br />than the revenue pledged to the payment thereof; <br />the City is not subject to any liability thereon; <br />no holder of any Bonds shall ever have the right <br />to compel any exercise by the City of its taxing <br />powers to pay any of the Bonds or the interest or <br />premium thereon, or to enforce payment thereof <br />against any property of the City except the <br />interests of the City in the Loan Agreement which <br />have been assigned to the Trustee under the <br />Indenture; the Bonds shall not constitute a <br />charge, lien or encumbrance, legal or equitable <br />upon any property of the City except the interests <br />of the City in the Loan Agreement which have been <br />assigned to the Trustee under the Indenture; the <br />Bonds shall recite that the Bonds are issued <br />without moral obligation on the part of the state <br />or its political subdivisions, and that the Bonds, <br />including interest thereon, are payable solely <br />from the revenues pledged to the payment thereof; <br />and, the Bonds shall not constitute a debt of the <br />City within the meaning of any constitutional or <br />statutory limitation. <br />7. Subject to the approval of the City Attorney, the <br />forms of the Loan Agreement, the Purchase Agreement and <br />Indenture and exhibits thereto and all other documents <br />described in paragraph 4 hereof are approved substantially in <br />the form submitted. The Loan Agreement, Indenture and Purchase <br />Agreement, in substantially the forms submitted, are directed <br />to be executed in the name and on behalf of the City by the <br />Mayor and the City Clerk. Copies of all of the documents <br />necessary to the transaction herein described shall be <br />delivered, filed and recorded as provided herein and in the <br />Loan Agreement and Indenture. <br />4 <br />11 <br />