Authorizing $3,900,000 Revenue Bonds Allied Products Corp Project

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The Bonds shall be executed on behalf of the City with the official manual or facsimile signature of the Mayor and attested with the official manual signature of the Clerk and shall have impressed or imprinted thereon -the corporate seal of the City. The coupons attached to'the Bonds, if -any, shall be executed by the facsimile of the official signatures of the Mayor and Clerk and such facsimile on any Series 1973 Bonds or coupons shall have the same force and effect as if manually signed by such officer. The Bonds, together with interest thereon, shall be limited obligations of the City payable solely from the revenues and other amounts derived from the leasing or sale of the Project (except to the extent paid out of moneys attributable to the Bond proceeds or the income from the temporary investment thereof and under certain circumstances, proceeds from insurance. and condemnation awards) and shall be a valid claim of the respective holders thereof only against the Bond Fund created under the Indenture and other moneys held by the Trustee and of the Project (but in addition shall be secured by.a security interest on the Project), which revenues and other amounts shall be pledged and secured under the Indenture for the equal and ratable payment of the Bonds and shall be used for no other purpose than to pay the principal of, premium, if any, and the interest on the Bonds, except as may be otherwise expressly authorized in the Indenture. The Bonds and the interest thereon shall never constitute a charge against the general credit or taxing power of the City. In case any officer whose signature or facsimile of whose signature shall appear on the Bonds or coupons shall cease to be such officer before the delivery of such Bonds, such signature or such facsimile shall nevertheless be valid and sufficient for all purposes, the same as if.he had remained in office until delivery. Section 6. Additional Bonds. The City may authorize the issuance of AUTHEional Bonds upon the terms and conditions provided in the Indenture and the Lease. All Additional Bonds shall be of the same rank as the Series 1973 Bonds, but shall bear such date or dates, bear such interest rate or rates, have such maturity dates, redemption dates and redemption premiums, and be issued at such prices as shall be approved in writing by the City and the Lessee. Section 7. Sale of the Series 1973 Bonds. The Mayor and Clerk of the 1 y are hereby authorized and directed to sell the Series 1973 Bonds pursuant to and upon the order of the Underwriters named in that certain Bond Purchase Agreement dated July , 1973 at a price of % of par value, plus accrued ingest from July 1, 1 % :-fie ate of sale. The Mayor is hereby authorized to execute, and the Clerk is hereby authorized to attest, such Bond Purchase Agreement with the Underwriters providing for the sale of the Series 1973 Bonds on terms consistent with the Bond Ordinance, provided that prior to the execution of such Bond Purchase Agreement, Allied Products Corporation shall execute and deliver to the Mayor or the Clerk of the City and to the Under- writers, an Indemnity Letter in substantially the form now before this meeting; and the Clerk is hereby directed to insert a copy of the Indemnity Letter and the Bond Purchase Agreement, 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 -4-