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Hundred Thousand Dollars ($6,500,000) shall be made to pay for the <br />purposes described herein. The funds to meet said appropriation <br />shall be provided out of the proceeds of the Bonds in the original <br />principal amount of not to exceed $6,500,000 herein authorized. <br />Said appropriation shall be in addition to all other appropriations <br />provided for in the existing budget and tax levy. <br />Section 14. Appointment of Registrar, Paying Agent and <br />Escrow Agent. Bank One, Indianapolis, National Association is <br />hereby appointed as Registrar and Paying Agent for the Bonds and is <br />hereby charged with the duties and responsibilities of the <br />Registrar and Paying Agent, including maintaining books for the <br />registration and transfer of Bonds. Bank One, Indianapolis, <br />National Association is also hereby appointed to serve as the <br />Escrow Agent. The appropriate officers of the Department of <br />Redevelopment and the City are hereby authorized to enter into such <br />agreements or understandings with the Registrar, Paying Agent and <br />Escrow Agent as will enable it to perform the services required for <br />a Registrar, Paying Agent and Escrow Agent, and are authorized and <br />directed to pay said Registrar, Paying Agent and Escrow Agent for <br />its services out of available funds. <br />The Registrar and Paying Agent may at any time resign as <br />Registrar and Paying Agent by giving thirty (30) days' written <br />notice to the Commission and by first -class mail to each registered <br />owner of Bonds then outstanding, and such resignation will take <br />effect at the end of such thirty (30) days or upon the earlier <br />appointment of a successor Registrar and Paying Agent, as the case <br />-26- <br />