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• shall be incurred prior to, at or after delivery of such bonds <br />subject to any limits imposed by federal income tax laws. <br />2. The Issuer will, subject to the requirements and provi- <br />sions of law, adopt the legislation necessary to authorize the <br />issuance of said bonds, and the execution of such loan agreement <br />required on behalf of the Issuer, provided that such bonds shall <br />not represent or constitute a debt or a pledge of the faith and <br />credit of the Issuer and shall not obligate or pledge any moneys <br />raised by taxation. The payment of the principal of, and any <br />premium and interest on, such bonds shall be made solely and only <br />from the rentals, revenues, and other income, charges and moneys <br />derived from the lease or other use or disposition of the <br />Project. Such bonds and accompanying documents shall have such <br />terms as shall be approved by the Borrower, and the Issuer will - <br />deliver such bonds to the purchaser thereof designated by <br />Borrower and will cooperate to its fullest extent in consummating <br />the transaction. <br />3. Upon receipt of a request from the Borrower, the Issuer <br />will promptly issue the bonds in such form, maturing in such <br />amounts and at such times, bearing interest at such rate or <br />rates, payable on such dates and containing such optional and <br />mandatory redemption features and prices as are requested by the <br />Borrower, and will deliver the bonds to the purchaser or purchas- <br />ers thereof and cooperate to its fullest extent in consummating <br />the issuance, purchase and sale of the bonds. <br />4. In order to induce the Issuer to execute and deliver <br />this Agreement and ultimately to issue the bonds as aforesaid, <br />-3- <br />