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No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area
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No. 2153 authorizing issuance of bonds of the SB redevelopment district for purpose of raising money for certain local public improvements in downtown medical services district allocation area
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go <br />owners of the Bonds of not less than sixty percent (60 %) in aggregate principal amount of the <br />Bonds then outstanding (exclusive of Bonds, if any, owned by the Commission or the City), <br />which instrument or instruments shall refer to the proposed supplemental resolution described in <br />such notice, and shall specifically consent to and approve the adoption thereof in substantially <br />the form of the copy thereof referred to in such notice as on file with the Registrar, thereupon, <br />but not otherwise, the Commission may adopt such supplemental resolution in substantially such <br />form, without liability or responsibility to any owners of the Bonds, whether or not such owner <br />shall have consented thereto. <br />Upon the adoption of any supplemental resolution pursuant to the provisions of <br />this Section 20, this Resolution shall be, and be deemed to be, modified and amended in <br />accordance therewith, and the respective rights, duties and obligations under this Resolution shall <br />thereafter be determined, exercised and enforced hereunder, subject in all respects to such <br />modifications and amendments. <br />SECTION 21. The appropriate officers are hereby authorized to take all actions <br />required to obtain a rating for the Bonds, if economically feasible and desirable, and to enter into <br />a guaranty agreement with a corporate guarantor for the purpose of further securing the payment <br />of the principal of and interest on the Bonds. <br />ADOPTED at a meeting of the South Bend Redevelopment Commission held on <br />the 18th day of March, 2005, at Room 1308, County -City Building, 227 West Jefferson <br />Boulevard, South Bend, Indiana. <br />SOUTH BEND REDEVELOPMENT <br />COMMISSION <br />President <br />Marcia I. Jones <br />ATTEST: <br />Se retary <br />Greg S. Downes <br />-26- <br />BDDB01 44102160 <br />
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