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upon any property or funds of the City except the Project and <br />the revenue pledged to the payment thereof nor shall the City <br />be subject to any liability thereon. The bondholders shall <br />never have the right to compel any exercise of the taxing power <br />of the City to pay the note or the interest thereon, nor to <br />enforce payment thereof against any property of the City except <br />the Project. The Note shall recite in substance that the Note, <br />including interest thereon, is payable solely from the revenue <br />pledged to the payment thereof. No Note issued hereunder shall <br />constitute a debt of the City within the meaning of any <br />constitutional or statutory limitation. <br />7. In anticipation of the approval by the <br />Commissioner of Securities and the issuance of the Revenue Note <br />to finance a portion of the Project, and in order that <br />completion of the Project will not be unduly delayed when <br />approved, the Company is hereby authorized to make such <br />expenditures and advances toward payment of that portion of the <br />costs of the Project to be financed from the proceeds of the <br />Revenue Note as the Company considers necessary, including the <br />use of interim, short -term financing, subject to reimbursement <br />from the proceeds of the Revenue Note, when and if delivered, <br />but otherwise without liability on the part of the City. <br />Adopted by the City Council of the City of Little <br />Canada, Minnesota this day of , 1979. <br />Attest: <br />Mayor <br />City Clerk <br />08 <br />