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. ceeds derived from the sale of the Bonds pursuant to and under the Indenture and the handling of said revenues and other moneys are all commitments, obligations and agreements on the part of the Issuer contained in the Indenture, and the invalidity of the Indenture, the Agreement and the Bond Purchase Agreement shall not affect the commitments, obliga- tions and agreements on the part of the Issuer to create such funds and to handle said revenues, other moneys. and proceeds of the Bonds for the purposes, in the manner and according to the terms and condi tions fixed in the Inden- ture, it being the intention hereof that such commitments on the part of the Issuer are as binding as if contained in this resolution separate and apart from the Indenture, the Agreement and the Bond Purchase Agreement. Section 9. The Bonds shall contain a recital that the Bonds are issued pursuant to the Act to finance a "project" within the meaning of Section 474.02, Subdivision Ic thereof, and such reci tal shall be conclusive evidence of the validity of the Bonds and the regularity of the issuance thereof, and all acts, conditions and things required by the Home Rule Charter of the Issuer, the Consti tution and the laws of the State relating to the adoption of this reso- lution, to the issuance of the Bonds and to the execution of the Indenture, the Agreement and the Bond Purchase Agreement to happen, to exist and to be performed precedent to and in the enactment of this resolution and precedent to the issu- ance of the Bonds and precedent to the execution of the Indenture, the Agreement and the Bond Purchase Agreement have happened, do exist and have been performed as so re- quired by law. Section 10. The officers of the Issuer, attorneys, engineers and other agents or employees of the Issuer are hereby authorized to do all acts and things required of them by or in connection with this resolution, the Indenture, the Agreement and the Bond Purchase Agreement for the full, punctual and complete performance of all the terms, cove- nants and agreements contained in the Bonds, the Indenture, the Agreement the Bond Purchase Agreement and this resolu- tion. Section 11. The Issuer hereby consents to the prepara- tion and distribution of the Official Statement prepared for the Bonds by the Original Purchaser in connection with the sale of the Bonds; however, the Issuer has not participated in the preparation of the preliminary Official Statement or the final Official Statement, has made no independent in- vestigation with respect to the information contained therein, and assumes no responsibility for the sufficiency, accuracy, or completeness of any statement or information contained therein. - 7 -