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. . , \ f' \ principal and interest on the Bonds, the City will promptly levy taxes as necessary for such payment without limitation as to rate or amount. 4.04. Obligation to Issue Additional Bonds. To the extent that the principal of and interest on the Bonds cannot be paid when due from receipts of special assessments, taxes, or other funds appropriated for the pUrPOse, the Bonds shall be paid from the proceeds of improvement bonds or additional temporary improvement bonds which the City Council shall offer for sale in advance of the maturity of the Bonds, and the City pledges to issue such bonds; provided, the indebtedness funded by the issuance of the Bonds shall not be extended by the issuance of additional temporary improvement bonds for more than six years from t4~ date of issue of the Bonds. . ~ection 5. Miscellaneous. 5.01. Oualified Tax Exempt Obligations. The Bonds are hereby designated as "Qualified Tax-Exempt Obligations" as such term is defined in Section 265(b)(3) of the Code. The City represents and covenants that it does not reasonably anticipate issuing bonds which would constitute Qualified Tax Exempt Obligations in an aggregate amount greater than $10,000,000 in 1992. 5.02. County Auditor Registration. The City Clerk is directed to file with the County Auditor of Sherburne County a certified copy of this resolution and to obtain from the County Auditor a certificate stating that the Bonds have been entered upon his bond register. S.03. Authentication of Transcript. The officers of the City and said County Auditor are authorized and directed to prepare and furnish to the purchasers of the Bonds, and to bond counsel, certified copies of all proceedings and records of the City relating to the authorization and issuance of the Bonds and such other affidavits and certificates as may reasonably be required to show the facts relating to the legality and marketability of the Bonds as such facts appear from the officers' books and records or are otherwise known to them. All such certified copies, certificates, and affidavits, including any heretofore turnished, shall be deemed representations of the City as to the correctness of all statements contained therein. 5.04. Arbitrage. The City covenants and agrees with the holders from time to time of the Bonds herein authorized that it will not take, or permit to be taken, by any of its officers, employees, or agents, any action which would cause the interest payable on the Bonds to become subject to taxation under the Code; and that it will take, or will cause its officers, employees, or agents to take, all affirmative actions within its powers which may be necessary to insure that such interest will not become subject to taxation under the Code. The Code as used herein includes the Code and all regulations adopted thereunder. 14.