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Section 3. Authorization of $650 ,000 Economic Develop- <br /> ment Revenue Bonds : This Council hereby approves the proposed <br /> economic development revenue bond financing of the East Race <br /> Housing Project and in order to pay the cost of acquiring and <br /> constructing the Project, there are hereby authorized to be <br /> issued, sold and delivered $650 ,000 aggregate principal <br /> amounts of the Bonds . It is hereby recognized that pursuant <br /> to the terms of the Agreement , any balance of the cost of the <br /> Project will be paid for by the User unless paid for out of <br /> the proceeds of additional parity bonds (the "Additional <br /> Bonds") as identified in the Indenture. <br /> Section 4 . Definitions : In addition to the words and <br /> terms defined in this Bond Ordinance , the words and terms <br /> used in this Bond Ordinance shall have the meanings set forth <br /> in the Indenture and Agreement unless the context or use <br /> indicates another or different meaning or intent and the form <br /> of the Bonds and the forms of the Agreement and Indenture, <br /> which forms are before the meeting, are hereby incorporated <br /> by reference in this Bond Ordinance and the Clerk is hereby <br /> directed to insert them into the minutes of the Common <br /> Council and to keep them on file. <br /> Section 5 . Terms of the Bonds : The total principal <br /> amount of the Bonds that may be issued is hereby expressly <br /> limited to $650 ,000 provided, however, that Additional Bonds <br /> may be issued as hereinafter provided. The terms of the <br /> Bonds will be such as are set forth in the Indenture and such <br /> terms are adopted herein by reference and by approval of the <br /> Indenture. <br /> The Bonds are limited obligations of the City, payable <br /> solely from payments of principal, premium, if any, and <br /> interest made by the User pursuant to the Loan Agreement , <br /> except to the extent that the principal of, premium, if any, <br />