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". Issuer shall cause to be executed and delivered a new Note of like outstanding principal amount and tenor in exchange and substitution for and upon cancellation of the mutilated Note or in lieu of and in substitution for such Note lost or destroyed, upon the Holder's paying the reasonable expenses and charges of the Issuer in connection therewith and, in case the Note is lost or destroyed, filing with the Issuer evidence satisfactory to it of such loss or destruction. 5.04. Assignment. The Note may be transferred by the Holder from time to time, by endorsement thereon or by separate written instrument; provided that notice of any such transfer shall be given in wr i ting to the Issuer and the Borrower. At the request of the Holder, the Note shall be registered on the books of the Issuer, subject to the conditions set forth in the form of the Note attached hereto as Exhibit A. 5.05. Delivery and Use of Proceeds. Prior to delivery of the Note, the documents refer red to in Section 3.03 hereof shall be completed and executed in form and substance as approved by the City Attorney, and an original, executed counterpart of each such document shall be delivered to the Lender, together wi th the Organizational Documents. The Issuer shall thereupon deliver to the Lender the Note in the principal amount of $1,500,000 together wi th a copy, duly certified by the Clerk-Treasurer, of this Resolution and such closing certificates as are required by bond counsel. upon deli very of the Note and the above i terns to the Lender, the Lender and Title shall, on behalf of the Issuer, disburse the proceeds ot the Note to the Borrower in reim- bursement of or to its order for payment of Construction Costs and Loan and Carrying Charges pursuant to the provi- sions of the Agreement and the Disbursement Agreement. The Lender shall provide the Issuer, the Holder and the Borrower with a full accounting of all funds disbursed for Construc- tion Costs and Loan and Carrying Charges. Section 6. Limitations of the Issuer's Obligations. 6.01 Notw i thstand ing anything contained in the Note, the Agreement, the Pledge AgreementL-the Disbursement Agree- ment or the Mortgage or any other documents referred to in Section 3.03 hereof, the Note, premium, if any, and interest thereon shall not constitute an indebtedness of the Issuer within the meaning of any constitutional or statutory limit- ation and shall not constitute or give rise to a pecuniary liability of the Issuer or a charge against its general credi t or taxing powers and shall not constitute a charge, lien or encumbrance, legal or equi table, upon any property of the Issuer other than its interest in the Mortgaged prop- - 10 -