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SECTION 7. The Commission does not, by this or any other approval or finding, <br />guarantee, warrant or even suggest that (i) the Bonds, coupons or series thereof will be a <br />reasonable investment for any person, firm or corporation or (ii) interest to be paid to or income <br />received by the holders of the Bonds is exempt from taxation by local, state or federal <br />government. <br />SECTION S. The Commission shall not be obligated, directly or indirectly, to <br />see to the application or use of the proceeds from the sale of the Bonds or to see that the <br />contemplated improvements, if any, are constructed. The Commission is in no way responsible <br />to the holders of any Bonds for any payment obligation created by the Bonds. <br />SECTION 9. The principal of and interest on the Bonds will be secured by a <br />letter of credit obtained by the Borrower and payable solely from payments made by the <br />Borrower under the Borrower's Notes or from any another collateral of the Borrower pledged for <br />such purpose. Neither the City nor the Commission shall have any obligation with respect to the <br />payment of principal of or interest on the Bonds. <br />SECTION 10. The Commission finds that the proposed financing of the Projects <br />referred to in the forms of Financing Documents presented to this meeting complies with the <br />purposes and provisions of the Act and will be of benefit to the health, prosperity, economic <br />stability and general welfare of the City and its citizens. <br />SECTION 11. The proposed financing of the Projects for the Borrower, the <br />substantially final forms of the Financing Documents relating to the issuance and sale of the <br />Bonds for such financing, and the form of the Ordinance, alI as presented to this meeting, are <br />hereby approved. <br />BDDBOI 4176671v2 - 6 - <br />