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RESOLUTION NO. 324-72 <br /> RESOLUTION AUTHORIZING THE ELECTION BY THE <br /> CITY OF SOUTH BEND, INDIANA, OF THE $5,000,000 <br /> OR LESS EXEMPTION PROVIDED IN SECTION 103(c) <br /> (6) (D) WITH RESPECT TO AN ISSUE OF ECONOMIC <br /> DEVELOPMENT REVENUE BONDS RELATING TO THE SOUTH <br /> BEND TOY MANUFACTURING COMPANY, INC . PROJECT <br /> WHEREAS it is beneficial and essential that the City of <br /> South Bend, Indiana, elect under Section 103(c) (6) (D) and Internal <br /> Revenue Regulation Section 1.103-10 to have the issue of Economic <br /> Development Revenue Bonds relating to the City of South Bend Toy <br /> Manufacturing Company, Inc . project enjoy the exemption provided <br /> therein. <br /> NOW, THEREFORE, be it hereby resolved by the Common Council <br /> of the City of South Bend, Indiana, that the City hereby elects <br /> pursuant to Section 103(c) (6) (D) of the Internal Revenue Code , as <br /> amended, and Internal Revenue Service Regulation Section 1 .103-10 <br /> to have the provisions thereof as to the $5,000 ,000 or less exemption <br /> apply to the issue of Economic Development Revenue Bonds relating to <br /> The South Bend Toy Manufacturing Company, Inc. project and authorizes <br /> the Mayor of such City, or in his absence the Controller, to execute <br /> and file the statement of such election with the District Director <br /> or Director of the Internal Revenue Service Center where The South <br /> Bend Toy Manufacturing Company, Inc . is required to file its income <br /> tax returns prior to the issuance of such Economic Development <br /> Revenue Bonds and provide a copy of such statement for attachment <br /> to the income tax return of The South Ben To Manufacturing Company, <br /> i <br /> Inc . <br /> Passed and adopted by the Common Council ef the City of <br /> South Bend, Indiana, on this 28 day of August , 1972 . <br /> President of Common Council <br /> ATTEST: 'FILED IN CLEpK'S OFFICE <br /> Irene Gammon <br /> City Clerk CITY CLERK, SOUTH BEND, IND. <br /> ist & 2nd READING a COMMITTEE OF THE WHO <br /> PUBLIC HEARING <br /> 3Cd READING AV(;, Z 8 1�z <br /> NOT APPROVED <br /> REFERRED <br /> PASSED ?-,1 8 2— <br />