Authorzing Issuance of $2,500,000 Economic Development Revenue Bonds East Race Commercial

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to the Agreement and a Supplemental Indenture and the issu- ance of such additional Bonds . Section 7 . Sale of the Bond: The Mayor and the Clerk of the City are hereby authorized and directed to sell the Bonds at a price of par, plus accrued interest from the date of the bonds to the date of delivery and payment therefore. Section 8 . Indenture: In order to secure the payment of the principal of and interest on the Bonds , the Mayor and Clerk shall execute , acknowledge and deliver in the name and on behalf of the City, an Indenture of Trust , herein identi- fied as and called the "Indenture" , in the final form submit- ted to the Common Council, which is hereby approved in all respects ; and the Clerk is hereby directed to insert a copy thereof in the form submitted to this meeting and approved hereby, in the minutes of this Common Council and to certify thereon that the same is the form of Indenture so submitted to this Common Council and approved by this Bond Ordinance and identified herein as the Indenture and to keep such Indenture on file. Said Indenture contains provisions authorized and permitted by the Act , and this Bond Ordinance shall constitute a part thereof as therein provided and for all purposes of said Indenture , including the provisions thereof relating to amendments and the severability of provisions of the Indenture. Section 9 . Loan Agreement: In order to provide for the loaning of the proceeds of the Bonds to acquire and construct the Project and the payment by Brademas of an amount suffi- cient to pay the principal of and premium, if any, and interest on the Bonds , the Mayor and Clerk shall execute , acknowledge and deliver in the name and on behalf of the City a Loan Agreement herein identified as and called the "Agree- ment" , in the final form submitted to this Common Council , __ _„ Y�rlreAnt0 . and rho Clerk is