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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exercise of the taxing power of the City to pay said bonds or the interest thereon. The principal of, premium, if any, and interest on such revenue bonds to be issued to finance the cost of acquiring and constructing the Project shall be- secured by a pledge, to a trustee acting under an indenture of trust for the benefit of the holders of said bonds, or by a pledge directly to the holders of said bonds, of the revenues and income derived by the City from the Project and may be further secured by a mortgage on the Project, and shall be additionally secured by a pledge to said trustee or the holders of said bonds of the aforesaid financing agree- ments between the City and Crowe, Chizek. 2. That a primary inducement to Crowe, Chizek in locating the Project within the City is the intent of the City to finance the cost of acquiring and constructing the Project through the issuance of its revenue bonds pursuant to the provisions of the Act. 3. That it is desirable that Crowe, Chizek rather than the City arrange for the construction of the Project in order to insure that the Project will conform to the require- ments of Crowe, Chizek for whose use the Project is designed. 4. That this Agreement shall inure to the benefit of the parties hereto and their respective successors and as- signs; provided however, that in the event the bonds are not issued or sold as contemplated herein there shall be no li- ability on the part of the City or of Crowe, Chizek or of any of their officers or employees for such non - issuance or non - delivery. S. That this Agreement may be executed in separate counterparts, all of which shall be deemed a single instru- ment. -4- t