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<br />(g) the execution and delivery of the Note, the <br />Agreement, the Pledge Agreement, the Investment Agree- <br />ment, and the Security Documents shall not conflict with <br />or constitute, on the part of the City, a breach of or a <br />default under any existing agreement, indenture, mort- <br />gage, lease, or other instrument to which the Ci ty is <br />subject or is a party or by which it is bound; provided <br />that this finding is made solely for the purpose of <br />estopping the City from denying the validity of the <br />Note, the Agreement, the Pledge Agreement, the Invest- <br />ment Agreement, and the Security Documents by reason of <br />the existence of any facts contrary to this finding; <br /> <br />(h) no litigation is pending or, to the best know- <br />ledge of the members of this City Council, threatened <br />against the City questioning the organization or boun- <br />dar ies of the City or the right of any officer of the <br />City to hold his or her office or in any manner ques- <br />tioning the right and power of the City to execute and <br />deliver the Note or otherwise questioning the validi ty <br />of the Note or the execution, delivery, or validity of <br />the Agreement, the Pledge Agreement, the Investment <br />Agreement, and the Security Documents or questioning the <br />pledge of revenues to p~yment of the Note or the right <br />of the City to loan the proceeds of the Note to the <br />Borrower; <br /> <br />(i) all acts and things required under the Consti- <br />tution and the laws of the State of Minnesota to make <br />the Note, the Agreement, the Pledge Agreement, the <br />Investment Agreement, and the Secur i ty Documents the <br />valid and binding obligations of the City in accordance <br />with their terms shall have been done upon adoption of <br />this Resolution and execution of the Note, the <br />Agreement, the Pledge Agreement, the Investment Agree- <br />ment, and the Security Documents; <br /> <br />(j) the City, a municipal corporation and poli- <br />tical subdivision of the State of Minnesota, is duly <br />organized and existing under the laws of the State of <br />Minnesota and is authorized to issue the Note in accord- <br />ance with the Act; and <br /> <br />(k) the City shall allocate $5,200,000 of its <br />bonding authority to the issuance of the Note and <br />further certifies that the allocation of bonding auth- <br />orityto the Note was not made in consideration of any <br />bribe, gift, gratuity, or direct or indirect contribu- <br />tion to any political campaign. <br />