Issue its Economic Development Revenue Bonds (Aquarius Project) $750,000.00

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never constitute general obligations of, indebtedness of, or charges against the general credit of the CITY. Said Economic Development Revenue Bonds shall be executed by the manual or facsimile signatures of the Mayor and the Clerk of the CITY; shall be executed and delivered on or about December 18, 1984; shall be dated as of December 18, 1984; shall have a final maturity date of December 18, 1994, with payments beginning on January 18, 1985; shall bear interest at ten per cent (10 %) per annum, except in the case of an Event of Taxability or Default, as defined in the Loan Agreement, in which case the per annum interest rate shall be the higher of ten per cent (10 %) or one per cent (1 %) over the prime rate on corporate loans recognized by Valley American Bank and Trust Company, adjusted monthly on the first business day of each month during any default period; shall be the denomination of Seven Hundred Fifty Thousand Dollars ($750,000.00); shall be issued in registered form; shall be registrable as provided therein; shall be payable in the medium and at the place or places provided therein; and shall be subject to optional and mandatory prepayment as provided therein. Section 6. The Mayor and /or the Clerk of the CITY are authorized and directed to sell said Economic Development Revenue Bonds to Valley American Bank and Trust Company at a price not less than one hundred per cent (100 %) of the principal amount thereof, plus accrued interest. Section 7. The Mayor and the Clerk of the CITY are authorized and directed to execute and deliver the aforementioned documents for and on behalf of the CITY after making therein such changes permitted by the Act as they deem necessary or proper, as evidenced by their execution of such documents, and are further