No. 0925 authorizing the issuance/sale of special taxing district bonds of the SB redevelopment district for purpose of raising money for property acquisition and redevelopment in the Studebaker Corridor Dev Area

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Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company. SECTION 4. As soon as can be done after the adoption of this Resolution, the President and the Secretary of the Commission are hereby directed to deliver on behalf of the Commission a certified copy of this Resolution to the Controller. SECTION 5. Prior to the sale of the Bonds, the Controller shall cause to be published a notice of such sale two times, at least one week apart, in the Tri- County News and The South Bend Tribune. The notice or a summary thereof may also be published in the Bond Buyer, a financial journal published in the City and State of New York, in The Indianapolis Commercial, a financial journal published in the City of Indianapolis, Indiana, and /or in other newspapers at the discretion of the Controller. The date fixed for the sale shall not be earlier than fifteen (15) days after the first of such publications and not earlier than three (3) days after the second of such publications in the Tri - County News and The South Bend Tribune. The Bond sale notice shall state the time and place of sale, the purpose for which the Bonds are being issued, the total amount and maturities thereof, the maximum rate of interest thereon, the time and place of payment, the terms and conditions on which bids will be received and the sale made, and such other information as the Controller shall deem necessary. In the event it shall be determined that the whole amount of the Bonds herein authorized shall not be issued, then the Controller shall be authorized to advertise and sell a lesser amount of Bonds. The Bonds not issued shall be the Bonds of the latest maturity or maturities. All bids for Bonds shall be sealed and shall be presented to the Controller at her office, and the Controller shall continue to receive all bids offered until the hour named on the date fixed in the Bond sale notice, at which time and place she shall open and consider each bid. Bidders for the Bonds shall be required to name the rate or rates of interest which the Bonds are to bear, not exceeding the maximum rate hereinabove fixed, and such interest rate or rates shall be in multiples of 1/8 or 1/20 of one percent (1%). Bids specifying more than one interest { rate shall also specify the amount and maturities of the Bonds bearing each rate and all Bonds maturing on the same date shall bear the same rate of interest. No rate for any maturity shall be more than one and one -half percent (1.5%) lower than any prior rate. Subject to provisions contained below, the Controller -15- \rlhill\studbakr\corrproj\lufnlbnd;la;Apri1 6, 1990;