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Inducement Resolution of South Bend Common Council relating to Masterbilt, Incorporated Machinery Aquisition Project
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Inducement Resolution of South Bend Common Council relating to Masterbilt, Incorporated Machinery Aquisition Project
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Last modified
4/25/2017 3:50:29 PM
Creation date
2/7/2017 11:56:44 AM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
4/14/1980
Ord-Res Number
773-80
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page three <br />BE IT FURTHER RESOLVED, that any costs or expenses <br />incurred in connection with the said Masterbilt, Incorpor- <br />ated Project shall be included in the development costs and <br />reimbursed from the proceeds of the Industrial Development <br />Bonds to be issued with respect thereto; and <br />BE IT FURTHER RESOLVED, that the liability and obliga- <br />tion of the City of South Bend, Indiana shall be limited <br />solely to the good faith efforts to consummate such pro- <br />ceedings and issue such bonds, and the City of South Bend, <br />Indiana, or its officers or agents, shall not incur any <br />liability whatsoever if for any reason the proposed issuance <br />of such bonds is not consummated. <br />This Resolution shall be in full force and effect from <br />and after its adoption by the Common Council and approval by <br />the Mayor. <br />ti <br />V40T APPROV10 <br />ADOPTED Z/-/ -/ - <br />Member of the Common Council <br />FILED IN W.-,.11 OFFICE <br />APR 9191Fq1 <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />
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