$1,000,000 Economic Development Revenue Bonds Dayton-Hudson Corp

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Section 9. Acceptance of Note. In connection with the Bonds, the City accepts as security for such Bonds the Note of the Borrower. The Note shall be in substantially the form attached to the Loan Agreement and shall contain the provisions set forth in subsection (a) of Section 4.2 of the Loan Agreement. The Mayor is hereby authorized to endorse and assign the Note to the Trustee as security for the Bonds. Section 10. Official Statement. The Official Statement dated October 27, 1981 and the distribution thereof to the initial purchasers of the Bonds be, and it hereby is, approved. The Mayor of the City is hereby authorized to execute and deliver the Official Statement to the Underwriter in the name and on behalf of the City. The use by the Underwriter of the said Official Statement is hereby approved and the use of the Preliminary Official Statement is hereby ratified and confirmed as the official act of the City. Section 11. Execution. Execution and sealing by the Mayor and the City Clerk of the Bonds, the Bond Purchase Agreement, the Official Statement, the Indenture, and the Loan Agreement, and endorsement by the Mayor of the Note shall constitute conclusive evidence of their approval of any and all changes or revisions therein from the forms of such documents before this meeting. Section 12. General. The Mayor, the City Clerk and City Controller and other officials and employees be and they are each hereby authorized and directed, in the name and on behalf of the City, to execute any and all agreements, documents, and instru- ments, perform any and all acts, approve any and all matters, and do any and all things deemed by them, or any of them, to be neces- sary or desirable in order to carry out and comply with the intent, conditions and purposes of this Bond Ordinance (including the —5—