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($550,000.00) of its revenue bonds, which bonds will not be <br />general obligations of the City but will be payable solely from <br />the limited sources authorized and permitted by the Act. <br />2. The proposed financing will be of benefit to the <br />economic welfare of the City and will comply with the purposes <br />and provisions of the Act. <br />3. The Company may proceed with acquisition and con- <br />struction of the economic development facilities in reliance upon <br />this resolution. <br />PRESENTED /L1 2 J <br />NOT APPROVED <br />ADOPTED ro _ S, 7 <br />v <br />embf of the C'5-mmones6ancil <br />IM <br />FILED IN CLERX'S OFFICE <br />OCT 3IK.'. <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />