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<br />. <br /> <br />below, and in the amount set forth opposite such years, to be <br />collected in the respective succeeding collection years: <br /> <br />Levy Collection <br />Year Year Amount <br />1989 1990 $38,049 <br />1990 1991 69,363 <br />1991 1992 72,372 <br />1992 1993 69,768 <br />1993 1994 67,143 <br />1994 1995 69,747 <br />1995 1996 71,973 <br />1996 1997 68,586 <br />1997 1998 70,424 <br />1998 1999 71,862 <br />1999 2000 72,891 <br /> <br />. <br /> <br />said taxes shall be irrepealable so long as any of the Bonds <br />are outstanding and unpaid; provided, that the Issuer reserves <br />the right and power to reduce the levies in the manner and to <br />the extent permitted by Minnesota Statutes, Section 475.61 and <br />laws amendatory thereof. In the event that said ad valorem <br />taxes do not prove sufficient to pay principal and interest on <br />the Bonds, the Issuer will promptly levy additional ad valorem <br />taxes as necessary for such payment without limitation as to <br />rate or amount. <br /> <br />Section 5. Miscellaneous. <br /> <br />5.01. Qualified Tax Exempt Obliqations. The Bonds are <br />hereby designated as "Qualified Tax-Exempt Obligations" as such <br />term is defined in Section 265{b)(3) of the Code. The Issuer <br />represents and covenants that it does not reasonably anticipate <br />issuing bonds which would constitute Qualified Tax Exempt <br />Obligations in an aggregate amount greater than $10,000,000 in <br />1989. <br /> <br />5.02. County Auditor Reqistration. The Clerk is directed <br />to file with the County Auditor of Sherburne County a certified <br />copy of this resolution and to obtain from the County Auditor a <br />certificate stating that the Bonds have been entered upon his <br />bond register and that the tax required for the paYment thereof <br />has been levied and filed as required by law. <br /> <br />. <br /> <br />5.03. Authentication of Transcript. The officers of the <br />Issuer and said County Auditor are authorized and directed to <br />prepare and furnish to the purchasers of the Bonds, and to bond <br />counsel, certified copies of all proceedings and records of the <br />Issuer relating to the authorization and issuance of the Bonds <br />and such other affidavits and certificates as may reasonably be <br />required to show the facts relating to the legality and <br />marketability of the Bonds as such facts appear from the <br />officers' books and records or are otherwise known to them. <br /> <br />14. <br />