84-060 Ordinance - Laserfiche WebLink

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?. ? issuance of the Bonds, and execute such lease or loan agreement required on behalf of the Issuer, provided that the Bonds shall not represent or constitute a debt or a pledge of the faith and credit of the Issuer and shall not obligate or pledge any moneys raised by taxation. The payment of the principa]$ of and any : premium and interest on the Bonds shall be made sol-ely and only from the rentals, revenues, and other income, charges and moneys derived from the lease or other use or disposition of the Pro- ject. The Bonds and accompanying documents shall have such terms as shall be approved by the Borrower. 3. Upon receipt of a request from the Borrower, the Issuer will promptly issue the Bonds in such form, maturing in such amounts and at such times, bearing interest at such rate or rates, payable on such dates and containing such optional and mandatory redemption features and prices as are requested by the Borrower, and will deliver the Bonds to the purchaser or pur- chasers thereof and cooperate to its fullest extent in consum- mating the issuance, purchase and sale of the Bonds. 4. In order to induce the Issuer to execute and deliver this Agreement and ultimately to issue the Bonds as aforesaid, Borrower hereby agrees to defend, indemnify and hold Issuer and any and all officials thereof harmless against any and all loss, cost, expense, claims or actions arising out of or connected with the execution and delivery of this Agreement and the con- summation of the transactions provided for herein and contem- plated hereunder, including the preparation of proceedings for, and the issuance, sale or delivery of the Bonds. 5. All wages paid to laborers and mechanics employed on the Project shall be paid at the prevailing rates of wages for laborers and mechanics for the class of work called for by the Project, which wages shall be determined in accordance with the -3-