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obligations of the City payable solely from payments made on <br />the loan made to the Lender and certain other revenues and <br />assets pledged for such purpose under the Indenture. The Bonds <br />will not be payable from or secured by any other revenue or <br />asset of the City; and neither the faith and credit nor the <br />taxing power of the City, the State of California or any other <br />of its political subdivisions are pledged to the payment of the <br />Bonds. <br /> <br /> 2.03. Execution. The Bonds shall be executed on behalf <br /> <br />of the City by the manual or facsimile signature of its Mayor <br />or Vice Mayor, attested by the manual or facsimile signature of <br />the Clerk of the Council, and shall have the seal of the City <br />affixed thereon. In case any officer whose signature shall <br />appear on the Bonds shall cease to be such officer before the <br />delivery of the Bonds, such signature shall nevertheless be <br />valid and sufficient for all purposes, the same as if he had <br />remained in office until delivery. <br /> <br /> 2,04. Sale of Bonds; Approval of Bond Purchase <br />Contract. The form of the Bond Purchase Contract heretofore <br />presented to the City and the sale of the Bonds to the <br />Underwriter pursuant thereto are hereby approved, provided that <br />the purchase price of the Bonds and rates of interest thereon <br />shall have been approved by the City Representative; and, <br />subject to such approval, the Mayor, or in his absence the Vice <br />Mayor, is hereby authorized and.directed to evidence the City's <br /> <br />-8- <br /> <br /> <br />