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the bondholders . The Loan Agreement shall equally and <br /> ratably secure all outstanding Bonds , except that so long as <br /> there is no event of default under the Agreement , payments by <br /> the User shall be used by the Trustee to make like payment of <br /> principal of, or premium or interest on, the Bonds . <br /> By the Indenture , the City will assign to the Trustee <br /> the City' s rights under the Agreement , including the right of <br /> the City to receive payments thereunder, all as security for <br /> the payment of the Bonds . The Bonds will be secured as <br /> provided in the Agreement and Indenture and the terms of said <br /> instruments are adopted herein by reference and by approval <br /> of the instruments . <br /> The Loan Agreement and documents executed thereunder <br /> will constitute the sole security for the Bonds . The Bonds <br /> and the interest thereon shall be a valid claim of the <br /> respective holders only against the Bond Fund created under <br /> the Indenture and other moneys held by the Trustee. The City <br /> will have no ownership interest in the Project. <br /> The Bonds do not and shall never constitute an indebted- <br /> ness of, or a charge against the general credit or taxing <br /> power of the City. <br /> Section 6 . Additional Bonds : The City may authorize <br /> the issuance of Additional Bonds upon the terms and con- <br /> ditions provided in the Indenture and the Agreement. All <br /> Additional Bonds shall be of the same rank as the original <br /> Bonds , but shall bear such date or dates , bear such interest <br /> rate or rates , have such maturity dates , redemption dates and <br /> redemption premiums , and be issued at such prices as shall be <br /> approved in writing by the City and the User. <br /> Prior to the issuance , sale or delivery of any such <br /> Additional Bonds , the Common Council shall adopt and approve <br /> an appropriate resolution or resolutions and ordinance or <br />