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of the Applicant. As required by the Code of Virginia of <br />1950, as amended, the Bonds shall provide that neither the <br />Commonwealth of Virginia, the City of Charlottesville, <br />Virginia, the County nor the Authority shall be obligated <br />to pay the Bonds or the interest thereon or other costs <br />incident thereto except from the revenues and moneys pledged <br />therefor and neither the faith and credit nor the taxing <br />power of the Commonwealth, the City, the County or the <br />Authority shall be pledged thereto. <br />3. The Council hereby encourages the Board of <br />Supervisors of the County to allocate a portion of its <br />. Local Allocation to the issuance of the Bonds or to assist <br />the Applicant in submitting an application to the State <br />Reserve. <br />4. This Resolution shall take effect immediately <br />upon its adoption. <br />Approved by Council <br />August 5, 1985 <br />��� ( <br />C rk of C� of <br />• 85-6-44 <br />-3- <br />