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i <br /> • proposal is deemed reasonable and in the best interests of the City and is hereby <br /> accepted. <br /> 1.05. Performance of Requirements. The revenues reasonably <br /> anticipated to be received from the operation of the Liquor Enterprise as improved <br /> by the Project during the period for which the Bonds will be outstanding will be <br /> more than sufficient to pay all costs of the operation and maintenance of the Liquor <br /> Enterprise and to provide Net Revenues (as hereinafter defined) adequate to meet <br /> all payments of principal and interest on the Bonds as the same shall fall due. There <br /> are no outstanding obligations payable from or constituting a lien or charge upon <br /> such Net Revenues, and it is in the best interests of the City that the Bonds be made <br /> payable solely from the Net Revenues. All acts, conditions and things which are <br /> required by the Constitution and laws of the State of Minnesota to be done, to exist, <br /> to happen and to be performed precedent to and in the valid issuance of the Bonds <br /> having been done, existing, having happened and having been performed, it is now <br /> necessary to establish the form and terms of the Bonds, to provide security therefor <br /> and to issue the Bonds forthwith. <br /> Section 2. Form of Bonds. <br /> 2.01. Bond Form. The Bonds shall be prepared in substantially the <br /> following form: <br /> • <br /> • <br /> -2- <br />