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M 4. The full faith and credit of the City shall be and is irrevocably pledged to • the punctual payment of the principal of and interest on the Bonds as the same become due. In each year while the Bonds, or any of them, are outstanding and unpaid, there shall be assessed, levied and collected, at the same time and in the same manner as other taxes in the City are assessed, levied and collected, upon all property in the City subject to taxation by the City a tax sufficient to provide for the payment of the principal of and interest on the Bonds as the same become due. 5. CUSIP identification numbers may be printed on the Bonds, but no such number shall constitute a part of the contract evidenced by the particular Bonds upon which it is printed and no liability shall attach to the City or any officer or agent thereof (including any paying agent for the Bonds) by reason of such numbers or any use made thereof (including any use thereof made by the City, any such officer or any such agent) or by reason of any inaccuracy, error or omission with respect thereto or in such use. All expenses in relation to the printing of such numbers on the Bonds shall be paid by the City; provided, however, that the CUSIP Service Bureau charge for the assignment of such numbers shall be the responsibility of and shall be paid for by the purchaser of the Bonds. 6. The City covenants and agrees to comply with the applicable provisions of Sections 103 and 141-150 of the Internal Revenue Code of 1986, as amended, and the applicable Treasury Regulations promulgated under such Sections 103 and 141-150 so long as any Bond is outstanding. • 7. The proceeds of the sale of the Bonds shall be applied to the payment of the cost of the following public improvement projects of and for the City in substantially the following respective amounts: Projects Amounts School renovation $2,800,000 Fire station dorm renovations 150,000 Parks and recreation projects 600,000 Health Department addition 500,000 McGuffey Art Center renovations 200,000 Street and City entrance improvements 750,000 $5,000,000 If any project set forth above shall require less than the entire respective amount so set forth, the difference may be applied to any of the other projects so set forth. 8. The Bonds shall be sold in one or more series in accordance with the provisions of Paragraph 1 at competitive sale at such price plus accrued interest and on such other terms and conditions as shall be determined at the time of the sale of the Bonds. The sale and the definitive details of the Bonds shall be approved, ratified and confirmed by resolution of this Council. The City Manager is authorized to cause to be published and distributed a notice of sale • of each series of the Bonds (the "Notice of Sale"), such publication to, be made in either or both of The Bond Buyer, a financial newspaper published in the City of New York, New York, and