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rortAir) nwhibitt thereto. ifil- ofiriVfival uf the prolf-ft alld Stich propoted <br />h:!� V I 0i W <br />!" <br />corjr.;dr ral I-I, yor tile Viewt expf e5sufl 1, <br />proposed Pro)ect, it appears that 1 uld tjo fl, jilt. host iriterasts of the <br />City to Isguh its rpytit,tio Iondi unclor op proyi&jolis of the Act tc firldnLe <br />the pcojact. <br />2. The Prn;,�i-# it hereby given prolirninpiry approval by the City and <br />the it$Ughtt Of LAX-10-YMPt C-011­11florclal davolopmrnt rovenue bonds in an <br />aggregate amoun t not to i2xi-aild $2,000,W) to finarice the ProjoCt is also hereby <br />preliminarily �-pproved. Subject to approval of the Pe6ject ny the Commlivir,11,01" <br />of Securities and to fin.1 approval of all of tho details of the financing by this <br />Council, the Developer and the proposed purchailers of the bonds, The <br />eAt"worplal e4avainimment rpvlanap hn#�dw xro not fn ho pityablill from nor G1`t4rq*d <br />upon any funds other than Pirniprt revenue% and there %hAll be no right in Nmy <br />hondholdilir to d6firlpol tho City to exercise its taxing power to pay the bonds of <br />Interest thereon nor to enforre payment mijainst any property of the City. <br />3. lit &Lcordancs with Section 474,(1, Subd. 7a of the Act, the Mayor <br />and the City Clork - Administrator of the City are hartby atittioriz#d Rid <br />dit acted to submit the proposlal for the Project to the Commissioner of Securities <br />and -Real Estate, requesting approval of the Project, The Mayor, City Clark <br />Administrator. City Attorney and other officers, employees ond agents of the <br />City are hereby aut4iorized tr. provide the Contriiissioner wiO any prallm;riary <br />'l`i't-Pur-pq",-snd-th*- ACAty- -4tter-naly A"uthWAL" <br />. t iritisto and ass4lst in the preparation of such documents .*a may be <br />--app"pristo wim respect to this Project financing. <br />4 Oppenhatimer, Wolff, Fat.-ar, Shalpaird a <br />laul, Minasisiots, is hereby spr�iolntvid as Liand Counsall with reflipact to ths- <br />7 <br />Dot 1981 1 It <br />CZ <br />-Ar, A-- mayor <br />V or ri)agioor <br />