Authorizing the execution and delivery of a memorandum of agreement between the City and Crowe, Chizek and Company, and Indiana Partnership

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upon terms which will comply with the provisions of Act and which will provide for the payment by Crowe, Chizek of amounts which will be sufficient to enable the City to pay the principal of and interest on such revenue bonds. 3. That the financing of the acquisition and con, struction of the Project by the City is for a proper public corporate purpose and that the financing thereof for Crowe, Chizek is necessary to implement the public purposes enu- merated in the Act. B. Crowe, Chizek represents and intends: 1. That the acquisition and construction of the Project will result in increased employment in the City. 2. That if the proposed revenue bonds (including the rate of interest thereon) of the City are satisfactory to Crowe, Chizek, it will enter into financing agreements with the City upon terms which will be sufficient to pay the cost of acquiring and constructing the Project as evidenced by such revenue bonds to be issued for the account of the Project, and will enter into such appropriate financing agreements with the City with regard to the foregoing prior to the issuance and delivery of any such revenue bonds by the City. 3. That Crowe, Chizek intends during the term of any such financing agreements to cause the Project to be used or occupied primarily for use as an office building. C. It is further recognized and intended between the par- ties hereto as follows: 1. That the revenue bonds to be issued by the City shall never constitute an indebtedness of the City or a loan of the credit thereof within the meaning of any constitu- tional or statutory provision, and such fact shall be plain- ly stated on the face of each of said bonds. No holder of any of said bonds shall ever have the right to compel any -3- Q.