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' . 0.4;• <br /> OV joy..,, ›, <br /> CITY of ORONO <br /> �� r;l i�'� �C, RESOLUTION OF THE CITY COUNCIL <br /> 9 4 / 4 7 <br /> �kE� NO. ® � <br /> imposed upon the City or the breach thereof, shall constitute or give rise to a general or <br /> moral obligation of the City or any charge upon its general credit or taxing powers. In <br /> making the agreements,provisions,covenants and representations set forth in the Bonds <br /> or in any other document related to the Bonds, the City has not obligated itself to pay <br /> or remit any funds or revenues, other than the Trust Estate described in the Indenture. <br /> 11. Payment of Costs. All costs incurred by the City in connection with the <br /> issuance, sale and delivery of the Bonds and the execution and delivery of the <br /> documents referred to above or any other agreement or instrument relative to the Bonds, <br /> whether or not actually issued or delivered,such as costs of publication of legal notices, <br /> have been agreed by the Owner to be paid by the Owner or reimbursed by the Owner to <br /> the City. <br /> 12. Authorized Officers. The Bonds, the Bond Documents and any other <br /> documents referred to herein are authorized to be executed on behalf of the City by its <br /> Mayor, the City Clerk, the Finance Director and the City Administrator; provided that <br /> in the event any of the officers of the City authorized to execute documents on behalf <br /> of the City under this Final Resolution shall have resigned or shall for any reason be <br /> unable to do so, the deputy or acting Mayor, City Clerk, Finance Director or City <br /> Administrator, is hereby directed and authorized to do so on behalf of the City,with the <br /> same effect as if executed by any officer specifically authorized to do so in the Indenture <br /> or this Final Resolution. <br /> 13. Appointment of Trustee. The Trustee is hereby appointed as Trustee, <br /> Paying Agent and Bond Registrar for the Bonds. <br /> 14. Qualified Tax-Exempt Obligations.The City hereby designates the Bonds <br /> as "qualified tax-exempt obligations" within the meaning of Section 265(b)(3) of the <br /> Code. In that connection, the Issuer makes the following factual statements and <br /> representations: <br /> (a) the reasonably anticipated amount of tax-exempt obligations(other <br /> than any private activity bonds other than qualified 501(c)(3)bonds)which will <br /> be issued by the City(and all subordinate entities of the Issuer) during calendar <br /> year 2001 will not exceed $10,000,000; and <br /> Page 5 of 6 <br />