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2. Pledge of Full Faith and Credit. The full faith and credit of the City are hereby ~rrevocably pledged for the payment of the principal of, premium, if any, and interest on the Note or payments due under any Support Agreement as the same become due and payable. The City Council shall levy an annual ad valorem tax upon all property in the City, subject to local taxation, sufficient to pay the principal of, premium, if any, and interest on the Note or payments due under any Support Agreement as the same shall become due for payment unless other funds are lawfully available and appropriated for the timely payment thereof. 3. Details and Sale of Note. The Note shall be issued and sold upon the terms established pursuant to this Resolution and upon such other terms as may be determined in the manner set forth in this Resolution. The Note shall be issued in fully registered form, shall be dated such date as the Chief Financial Officer may approve, shall be issued as a single note in the denomination equal to the principal amount thereof, or in such lesser denominations of at leas~ $100,000 as the Chief Financial Officer may apprbve. The Note shall be issued in such aggregate principal amount, and may be combined with other previously authorized general obligation bonds of the City, and shall mature on such date or dates as the Chief Financial Officer may approve, provided that the aggregate principal amount of the Note shall not exceed the amount set forth in paragraph 1 and the final mararity of the Note shall not be later than approximately three years from its date. rhe City Manager and the Chief Financial Officer, or either of them, is authorized and directed to solicit a proposal or proposals and to accept the proposal for the purchase of the Note which such officer determines to be most advantageous to the City. The Note shall be issued on such other terms as may be approved by the City Manager and the Chief Financial Officer, or either of them.