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otherwise encumbered by the Mortgage. The Note shall not <br />constitute a charge, lien, or encumbrance, legal or equi- <br />table, upon any property of the City, except the Project, <br />or portions thereof, mortgaged or otherwise encumbered by <br />the Mortgage.· The Note, including interest thereon, is <br />payable solely from the revenue under the Loan Agreement <br />pledged to the payment thereon. The Note shall not con- <br />stitute a debt of the City within the meaning of any con- <br />stitutional, statutory or charter limitation. However, <br />nothing contained in this Section 6 shall impair the <br />rights of the Holder or Holders of the Note to enforce <br />covenants made for the security thereof as provided under <br />the provisions of Minnesota Statutes, Section 474.11. <br /> <br />1979. <br /> <br />Adopted by the Council this <br /> <br />llthday of June , <br /> <br /> //~ L~y~/G. ~Schnelle, <br />· //ity Clerk <br /> <br />-7- <br /> <br /> <br />