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. . 11. The tax levy herein provided shall be irrepealable until all of the Bonds are paid, provided that the Ci ty Clerk-Treasurer may annually, prior to October 10th, certify to the Ramsey County Director of Property Taxation the amount available in the Debt Service Fund to pay principal and interest due on the Bonds during the ensuing year, and the County Director of Property Taxation shall thereupon reduce the levy collectible during such year by the amount so certified. All collections received by the City of any ad valorem taxes levied or required to be levied by this Resolution shall be deposited in the Debt Service Fund and shall, when and as received, be irrevocably pledged to the payment of the principal of and interest on the Bonds. 12. The officers of the City are hereby authorized and directed .to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceed- ings and records of the City relating to the Bonds and to the financial condition and affairs of the City, and to furnish such other certificates, affidavits, and transcripts as may be required to show facts within their knowledge or as shown by the books and records in their custody and under their control relating to the validity and marketability of the Bonds, and such instruments, including any heretofore furnished, shall be deemed representations of the City as to the facts stated therein. 13. The Mayor and the City Clerk-Treasurer are hereby authorized and directed to certify that they have examined the official statement or prospectus prepared and circulated in connection wi th the issuance and sale of the Bonds and that to the best of their knowledge and belief said official statement is a complete and accurate representation of the facts and representations made therein as they relate to the City. 14. The City covenants and agrees wi th the Registered Owners from time to time of the Bonds that the City will not take or permit to be taken by any of its officers, employees, or agents any action which would cause the inter- est on the Bonds to become subject to taxation under the Internal Revenue Code of 1954, as amended, and regulations, issued thereunder, as now existing or as hereafter amended or proposed and in effect at the time of such action. 15. When any Bond has been discharged as provided in this paragraph, all pledges, covenants, and other rights granted by this Resolution to the Registered Owner(s) of such Bond shall cease, and such Bond shall no longer be deemed to be outstanding under this Resolution. The Ci ty may discharge its obligations with respect to any Bond which are due on any date by depositing with the Bond Registrar on - 12 -