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<br />1504 <br /> <br />Said tax levies are such that if collected in full they, to- <br />gether with estimated collections of other revenues pledged for the pay- <br />ment of said bonds, will produce at least five per cent in excess of the <br />amount needed to meet when due the principal and interest payments on the <br />bonds. <br /> <br />Said tax levies shall be irrepealable so long as any of said <br />bonds are outstanding and unpaid, provided that the City reserves the <br />right and power to reduce the levies in the manner and to the extent per- <br />mitted by Sec. 475.61 (3) M.S.A. <br /> <br />For the prompt and full payment of the principal of and interest <br />on said bonds, as the same respectively become due, the full faith, credit <br />and taxing powers of the City shall be and are hereby irrevocable pledged. <br /> <br />11. The City Clerk is hereby directed to file a certified copy <br />of this resolution with the County Auditor of Dakota County, Minnesota, to- <br />gether with such other information as he shall require, and to obtain from <br />said Auditor his certificate that said bonds have been entered in the said <br />Auditor's Bond Register, and that the tax levy required by law has been made. <br /> <br />12. The officers of the City are hereby authorized and directed to <br />prepare and furnish to the purchaser of said bonds, and to the attorneys <br />approving the legality of the issuance thereof, certified copies of all pro- <br />ceedings and records of the City relating to said bonds and to the finan- <br />cial condition and affairs of the City, and such other affidavits, certifi- <br />cates and information as are required to show the facts relating to the lega- <br />lity and marketability of said bonds as the same appear from the books and <br />records under their custody and control or as otherwise known to them, and <br />all such certified copies, certificates and affidabits, including any here- <br />tofore furnished, shall be deemed representations of the City as to the facts <br />recited therein. <br /> <br />ATTEST: <br /> <br />lA }. ;"{{;J,L <br />City. Cl rk <br /> <br /> <br />oing resolution was duly <br />taken thereon, the follow- <br />ayes, none. <br /> <br />-- <br /> <br />The motion for the adoption of th <br />seconded by Councilman Kramer and upon vote <br />ing voted in favor thereof: Ayes, all pre <br /> <br />Whereupon said resolution <br /> <br />adopted. <br /> <br />-- <br />