Events syntax explanation needed

[Sanshiru 0]

Could someone explain the flags, limit and child lootmax/min, max and min syntax to me, please? Thanks in advance!

    <event name="StaticBonfire">
        <nominal>30</nominal>
        <min>0</min>
        <max>0</max>
        <lifetime>180</lifetime>
        <restock>0</restock>
        <saferadius>100</saferadius>
        <distanceradius>5</distanceradius>
        <cleanupradius>100</cleanupradius>
		<secondary>InfectedFirefighter</secondary>
        <flags deletable="0" init_random="0" remove_damaged="1"/>
        <position>fixed</position>
        <limit>child</limit>
        <active>1</active>
        <children>
            <child lootmax="8" lootmin="4" max="30" min="30" type="Bonfire"/>
        </children>
    </event>