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Resolution - #81-188 - 11/10/1981
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Resolution - #81-188 - 11/10/1981
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#81-188
Document Date
11/10/1981
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est in the Project, and no Holder of the Note shall ever <br />have the right to compel any exercise of the taxing power of <br />the Issuer to pay the Note or the interest thereon or to <br />enforce payment thereof against any property of the Issuer. <br />The agreement of the Issuer to perform the covenants and <br />other provisions contained in this Resolution or the Note, <br />the Agreement or the Pledge Agreement and the other docu- <br />ments listed in Section 3.03 hereof shall be subject at all <br />times to the availability of revenues furnished by the <br />Borrower sufficient to pay all costs of such performance or <br />the enforcement thereof, and the Issuer shall not be subject <br />to any personal or pecuniary liability thereon. <br /> <br />Section 7. Issu~er 'Repr'esentative. <br /> <br /> 7.01. W±lliam K. Goodrich is hereby designated and au- <br />thorized to act on behal~'f 'the Issuer as the Issuer Rep- <br />resentative (as defined in the Agreement) and Lloyd G.Schn¢lle <br />is hereby designated and authorized to act on behalf of the <br />Issuer as Alternate Issuer Representative. <br /> <br />Adopted: November 10, 1981. <br /> <br />CITY OF RAMSEY, MINNESOTA <br /> <br />(SEAL) <br /> <br />Attest: j //J <br /> is~tor/Cler~ <br /> <br /> <br />
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