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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 and Indenture and exhibits thereto <br />and all other documents described in paragraph 4 hereof are <br />approved substantially in the form submitted except as <br />otherwise provided in paragraph 7 hereof. The Loan Agreement <br />and Indenture, in substantially the form submitted, are <br />directed to be executed in the name and on behalf of the City <br />by the Mayor and the City Clerk. Any other documents and <br />certificates necessary to the transaction described above shall <br />be executed by the appropriate City officers. Copies of all of <br />the documents necessary to the transaction herein described <br />shall be delivered, filed and recorded as provided herein and <br />in said Loan Agreement and Indenture. <br />8. The City shall proceed forthwith to issue its <br />Bonds, in the form and upon the terms set forth in the <br />Indenture. The offer of the Bond Purchaser to purchase the <br />Bonds for $1,000,000 is hereby accepted. The Mayor and City <br />Clerk are authorized and directed to prepare and execute the <br />Bonds as prescribed in the Indenture and to deliver them to the <br />Trustee for authentication and delivery to the Bond Purchaser. <br />9. The Mayor and City Clerk and other officers of <br />the City are authorized and directed to prepare and furnish to <br />the Bond Purchaser certified copies of all proceedings and <br />records of the City relating to the bonds, and such other <br />affidavits and certificates as may be required to show the <br />facts relating to the legality of the Bonds as such facts <br />appear from the books and records in the officers' custody and <br />control or as otherwise known to them; and all such certified <br />copies, certificates and affidavits, including any heretofore <br />furnished, shall constitute representations of the City as to <br />the truth of all statements contained therein. <br />10 <br />