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85-151
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85-151
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8/9/2005 4:04:25 PM
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<br />.' <br /> <br />other than the City's interest in the Project pledged to the <br />Lender pursuant to the Pledge Agreement. Neither the Lender <br />nor any other person shall ever have the right to compel any <br />exercise of the taxing power of the Ci ty to pay the pr in- <br />cipal of or interest on the Note or to enforce payment <br />against any property of the Ci ty other than the property <br />pledged to the Lender as security for the Note pursuant to <br />the Pledge Agreement. <br /> <br />It is hereby certified and recited that the Project <br />constitutes a project within the meaning of Section 474.02, <br />Subdivision la, of the Act and that all conditions, acts, <br />and things required by the Constitution and laws of the <br />State of Minnesota to exist, to have happened, and to be <br />performed precedent to or in the issuance of this Note do <br />exist, have happened, and have been performed in regular and <br />due form, time, and manner as required by law. <br /> <br />IN WITNESS WHEREOF, the City of New Brighton, Minnesota, <br />has caused this Note to be duly executed by the manual sig- <br />natures of its Mayor and City Manager; has caused said sig- <br />natures to be attested by the manual signature of the City <br />Clerk-Treasurer: has caused the official seal of the City to <br />be omitted herefrom, as permitted by law; and has caused <br />this Note to be dated December , 1985. <br /> <br />CITY OF NEW BRIGHTON, MINNESOTA <br /> <br />Mayor <br /> <br />A'l'1'EST: <br /> <br />~~i~ <br /> <br />vyrq~~ <br />C~ Y lerk-Treasurer <br />
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