Laserfiche WebLink
4. The full faith and credit of the City shall be <br />• and is irrevocably pledged to the punctual payment of the <br />principal of and interest on the Bonds as the same become <br />due. In each year while the Bonds, or any of them, are <br />outstanding and unpaid, there shall be assessed, levied and <br />collected, at the same time and in the same manner as other <br />taxes in the City are assessed, levied and collected, upon <br />all property in the City subject to taxation by the City a <br />tax sufficient to provide for the payment of the principal <br />of and interest on the Bonds as the same become due. <br />5. CUSIP identification numbers may be printed on <br />the Bonds, but no such number shall constitute a part of the <br />contract evidenced by the particular Bond upon which it is <br />Bonds) by reason of such numbers or any use made thereof <br />(including any use thereof made by the City, any such officer <br />or any such agent) or by reason of any inaccuracy, error or <br />omission with respect thereto or in such use. All expenses <br />in relation to the printing of such numbers on the Bonds <br />shall be paid by the City; provided, however, the CUSIP <br />Service Bureau charge for the assignment of such numbers <br />shall be the responsibility of and shall be paid for by the <br />purchaser of the Bonds. <br />6. The City shall make no use of the proceeds of <br />the sale of the Bonds which would cause the Bonds to be <br />• "arbitrage bonds" under Section 103(c) of the U.S. Internal <br />-5- <br />printed <br />and no liability <br />shall attach to the City or any <br />• <br />officer <br />or agent thereof <br />(including any paying agent for the <br />Bonds) by reason of such numbers or any use made thereof <br />(including any use thereof made by the City, any such officer <br />or any such agent) or by reason of any inaccuracy, error or <br />omission with respect thereto or in such use. All expenses <br />in relation to the printing of such numbers on the Bonds <br />shall be paid by the City; provided, however, the CUSIP <br />Service Bureau charge for the assignment of such numbers <br />shall be the responsibility of and shall be paid for by the <br />purchaser of the Bonds. <br />6. The City shall make no use of the proceeds of <br />the sale of the Bonds which would cause the Bonds to be <br />• "arbitrage bonds" under Section 103(c) of the U.S. Internal <br />-5- <br />