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ARTICLE VI
<br /> GENERAL COVENANTS
<br /> Section 6.1 Payment of Principal and Interest. The Issuer covenants that it will
<br /> promptly pay the principal of and interest on every Bond issued under this Indenture at the place,
<br /> on the dates and in the manner provided herein and in said Bonds according to the true intent and
<br /> meaning thereof. The principal of and interest on the Bonds are payable solely and only from the
<br /> Trust Estate, consisting of funds and accounts held under the Indenture and the Pledged
<br /> Revenues, which revenues are specifically pledged and assigned to the payment of the Bonds in
<br /> the manner and to the extent herein specified, and nothing in the Bonds or in this Indenture
<br /> should be considered as pledging any other funds or assets of the Issuer. The Bonds, and the
<br /> interest payable thereon, do not and shall not represent or constitute a debt of the Issuer, the State
<br /> of Indiana, or any political subdivision or taxing authority thereof within the meaning of the
<br /> provisions of the constitution or statutes of the State of Indiana or a pledge of the faith and credit
<br /> of the Issuer, the State of Indiana, or any political subdivision or taxing authority thereof. The
<br /> Bonds, as to both principal and interest, are not an obligation or liability of the Issuer, the State
<br /> of Indiana, or of any political subdivision or taxing authority thereof, but are special limited
<br /> obligations of the Issuer and are payable solely and only from the Trust Estate, consisting of
<br /> funds and accounts held under the Indenture and the Pledged Revenues pledged and assigned for
<br /> payment of the Bonds in accordance with the Indenture. Neither the faith and credit nor the
<br /> taxing power of the Issuer, the State of Indiana or any political subdivision or taxing authority
<br /> thereof is pledged to the payment of the principal of or the interest on the Bonds. The Bonds do
<br /> not grant the owners or holders thereof any right to have the Issuer, the State of Indiana or its
<br /> General Assembly, or any political subdivision or taxing authority of the State of Indiana, levy
<br /> any taxes or appropriate any funds for the payment of the principal of or interest on the Bonds.
<br /> The Issuer has no taxing power with respect to the Bonds. No covenant or agreement contained
<br /> in the Bonds, the Financing Agreement, or the Indenture shall be deemed to be a covenant or
<br /> agreement of any member, director, officer, agent, attorney or employee of the Economic
<br /> Development Commission, the Redevelopment Commission, or the Issuer in his or her
<br /> individual capacity, and no member, director, officer, agent, attorney or employee of the
<br /> Economic Development Commission, the Redevelopment Commission, or the Issuer executing
<br /> the Bonds shall be liable personally on the Bonds or be subject to any personal liability or
<br /> accountability by reason of the issuance of the Bonds. Under no circumstances shall the Public
<br /> Library be liable for making any payments due under this Indenture or on the Bonds, including
<br /> any payment of principal of,premium, if any, or interest on the Bonds.
<br /> Section 6.2 Performance of Covenants. The Issuer covenants that it will faithfully
<br /> perform at all times any and all covenants, undertakings, stipulations and provisions contained in
<br /> this Indenture, in any and every Bond executed, authenticated and delivered hereunder and in all
<br /> proceedings of its members pertaining thereto. The Issuer represents that it is duly authorized
<br /> under the constitution and laws of the State of Indiana to issue the Bonds authorized hereby and
<br /> to execute this Indenture, and to pledge and assign the Pledged Revenues in the manner and to
<br /> the extent herein set forth; that all action on its part for the issuance of the Bonds and the
<br /> execution and delivery of this Indenture has been duly and effectively taken; and that the Bonds
<br /> in the hands of the holders and owners thereof are and will be valid and enforceable obligations
<br /> of the Issuer according to the import thereof, subject to bankruptcy, insolvency, reorganization,
<br /> moratorium and other similar laws, judicial decisions and principles of equity relating to or
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