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5. Company has agreed and it is hereby determined that <br /> any and all costs incurred by the City in connection with the <br /> III financing of the Project whether or not the Project is carried <br /> to completion and whether or not approved by the Commissioner <br /> will be paid by Company; <br /> 6 . Briggs and Morgan, Professional Association, acting as <br /> bond counsel, are authorized to assist in the preparation and <br /> review of necessary documents relating to the Project, to <br /> consult with the City Attorney, Company and the purchaser of <br /> the Note as to the maturities, interest rates and other terms <br /> and provisions of the Note and as to the covenants and other <br /> provisions of the necessary documents and to submit such - <br /> documents to the Council for final approval; <br /> 7. Nothing in this resolution or in the documents pre- <br /> pared pursuant hereto shall authorize the expenditure of. any <br /> municipal funds on the Project other than the revenues derived <br /> from the Project or otherwise granted to the City for this <br /> purpose. The Note shall not constitute a charge, lien or <br /> encumbrance, legal or equitable, upon any property or funds of <br /> the City except the revenue and proceeds pledged to the payment <br /> thereof, nor shall the City be subject to any liability <br /> thereon. The holder of the Note shall never have the right to <br /> compel any exercise of the taxing power of the City to pay the <br /> outstanding principal on the Note or the interest thereon, or <br /> to enforce payment thereof against any property of the City. <br /> II/ The Note shall recite in substance that the Note, including • <br /> =Interest thereon, is payable solely from the revenue and <br /> proceeds pledged to the payment thereof. The Note shall not <br /> constitute a debt of the City within the meaning of any - <br /> r_onstitutional or statutory limitation; . <br /> 8. In anticipation of the approval by the Commissioner of <br /> Securities and the issuance of the ,rote to finance all or a <br /> portion of the Project, and in order that completion of the . <br /> Project will not be unduly delayed when approved, Company is <br /> hereby authorized to make such expenditures and advances toward <br /> payment of that portion of the costs of the Project to be ficed . <br /> from the proceeds of the Note as Company considers necessary, <br /> including the use of interim, short-term financing, subject to <br /> reimbursement from the proceeds of the Note if and when <br /> delivered bwt otherwise withoet liability on the part of the <br /> City;. ■ <br /> 411_ . . <br /> . , . . <br /> _ . , . • _ <br /> . . <br /> . . <br />