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; and •low `Vti7-1iERE 'S all things necossary to I?:ake ttic said bon -is, ,ikon authenti- cated by the Trustee and issued as in this Indenture provided, the valid, binding and legal obligations of the City according to the thereof, and to consti- tute this Indenture a valid .lien on the properties mortgaged and a valid pledge of the revenues herein made to the payment of the principal of and interest on said bonds, have been done and performed, and the creation, execution and delivery of this Indenture and the creation, execution and issuance of said bonds, sub- ject to the terms hereof, have in all respects been duly authorized; NOW, THEREFORE, KNOW ALL MEN BY THESE PRESENTS, THIS IN- DENTURE WITNESSETH: That the City in consideration of the premises and the acceptance by the Trustee of the Trusts hereby created and of the purchase and acceptance of the bonds by the holders and owners thereof, and the sum of One Dollar ($1. 00) , law- ful money of the United States of America, to it duly paid by the Trustee, at or be- fore the execution and delivery of these presents, and for other good and valuable considerations, the receipt of which is hereby acknowledged, and in order to se- cure the payment of the principal of and interest on the bonds according to their tenor and effect and the performance and observance by the City of all the coven- ants expressed or implied herein and in the bonds, does hereby grant, bargain, sell, convey, mortgage, assign and pledge unto the Trustee, and unto its suces- sor or successors in trust, and to them and their assigns forever, for the securing of the performance of the obligations of the City hereinafter set forth: