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SECTION C - OTHER PROVISIONS <br />1. That upon organization and incorporation the municipal corporations shall by appropriate <br />resolution adopt and ratify this Agreement, that the municipal corporation shall be <br />substituted for the individual Owner as a party to this Agreement, and that the Owner as <br />individuals shall thereupon be relieved of all personal liability existing or arising from <br />this Agreement. <br />2. That upon organization and incorporation should the municipal corporation fail or refuse <br />to adopt and ratify this Agreement by appropriate resolution, this Agreement shall <br />terminate and Owner shall be liable to the Attorney for payment of legal services <br />rendered to Owner under the terms of this Agreement to the date of said termination. <br />3. The Owner is pursuing financing of the above-described Fire Truck from USDA pursuant <br />to Minn. Stat. § 465.73 and has the authority under said statute to finance said purchase <br />and said purchase qualifies for financing under Minn. Stat. § 465.73. <br />OWNER: <br />CITY OF PEQUOT LAKES <br />i�. <br />: <br />Nancy Adams, <br />Its Mayor <br />Sandra A. Peine, <br />Its City Clerk <br />ATTORNEY: <br />FLAHERTY & HOOD, P.A. <br />`-� ` � �.r' <br />By: � ;. <br />Christopher M. Hood <br />City Attorney for the <br />City of Pequot Lakes <br />