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• 12. Except as herein otherwise expressly provided, nothing in this resolution or in the
<br />aforementioned documents expressed or implied, is intended or shall be construed to confer upon
<br />any person or firm or corporation, other than the Issuer or any holder of the Bonds or Note issued
<br />under the provisions of this resolution any right, remedy, or claim, legal or equitable, under and
<br />by reason of this resolution or any provision hereof, this resolution, the aforementioned
<br />documents and all of their provisions being intended to be and being for the sole and exclusive
<br />benefit of the Issuer and any holders from time to time of the Bonds and Note issued under the
<br />provisions of this resolution.
<br />13. In case any one or more of the provisions of this resolution, or of the
<br />aforementioned documents, or of the Bonds or Note issued hereunder shall for any reason be held
<br />to be illegal or invalid, such illegality or invalidity shall not affect any other provision of this
<br />resolution, or of the aforementioned documents, or of the Bonds or Note, but this resolution, the
<br />aforementioned documents, and the Bonds and Note shall be construed and endorsed as if such
<br />illegal or invalid provision had not been contained. therein.
<br />14. The Bonds and Note, when executed and delivered, shall contain a recital that
<br />they are issued pursuant to the Act, and such recital shall be conclusive evidence of the validity
<br />of the Bonds and Note and the regularity of the issuance thereof and that all acts, conditions, and
<br />things required by the laws of the State of Minnesota relating to the adoption of this resolution, to
<br />the issuance of the Bonds and Note, and to the execution of the aforementioned documents to
<br />happen, exist, and be performed precedent to and in the enactment of this resolution, and
<br />• precedent to issuance of the Bonds and Note, and precedent to the execution of the
<br />aforementioned documents have happened, exist, and have been performed as so required by law.
<br />15. The officers of the Issuer and its attorneys, agents and employees are hereby
<br />authorized to do all acts and things required of them by or in connection with this resolution, the
<br />aforementioned certificates, instruments, or documents, and the Bonds and Note for the full,
<br />punctual, and complete performance of all the terms, covenants, and agreements contained in the
<br />Bonds and Note, the aforementioned certificates, instruments, and documents, and this
<br />resolution. In the event that for any reason the Mayor is unable to carry out the execution of any
<br />of the documents or other acts provided herein, the Acting Mayor shall be authorized to act in the
<br />capacity of the Mayor and undertake such execution or acts on behalf of the Issuer with full force
<br />and effect, which executions or acts shall be valid and binding on the Issuer. If for any reason the
<br />City Administrator of the Issuer is unable to execute and deliver the documents referred to in this
<br />resolution, such documents may be executed by any other officer of the Issuer, with the same
<br />force and effect as if such documents were executed and delivered by the City Administrator. If
<br />the person whose signature appears on any of the foregoing certificates, instruments, or
<br />documents as the Mayor or City Administrator shall cease to be the Mayor or City Administrator,
<br />respectively, before the date of issuance of the Bonds and Note such signature shall, nevertheless,
<br />be valid and sufficient for all purposes.
<br />16. This resolution shall be in full force and effect from and after its passage.
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