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(e) it is desirable that the Company be <br />authorized, in accordance with the provisions of <br />Section 474.03 of the Act and subject to the terms <br />and conditions set forth in the Loan Agreement, <br />which terms and conditions the City determines to <br />be necessary, desirable and proper, to complete <br />the acquisition and installation of the Project by <br />such means as shall be available to the Company <br />and in the manner determined by the Company, and <br />with or without advertisement for bids as required <br />for the acquisition and installation of municipal <br />facilities; <br />(f) it is desirable that the Bonds be issued <br />by the City upon the terms set forth in the <br />Indenture; <br />(g) the basic payments under the Loan <br />Agreement are fixed to produce revenue sufficient <br />to provide for the prompt payment of principal of, <br />premium, if any, and interest on the Bonds issued <br />under the Indenture when due, and the Loan <br />Agreement, Mortgage and Indenture also provide <br />that the Company is required to pay all expenses <br />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 />9 <br />