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1. The proceeds derived from the sale of the bonds heretofore <br />authorized to be issued and all investment earnings thereon in the <br />approximate amount of Three Hundred Thousand Dollars ($300,000) shall <br />be, and are, hereby appropriated by the Commission for the purpose of <br />providing funds to be applied to the cost of property acquisition and <br />redevelopment in the Area together with expenses incidental thereto <br />and in connection with the issuance of the bonds not provided for in <br />the existing budget and tax levy. <br />2. Such appropriation shall be in addition to all <br />appropriations provided for in the existing budget and levy and shall <br />continue in effect until the completion of the activities described <br />in Paragraph No. 1 above. Any surplus of such proceeds (including <br />investment earnings thereon) shall be credited to the proper fund as <br />provided by law. <br />3. The President and Secretary of this Commission shall be, and <br />they are, hereby authorized and directed to certify a copy of this <br />Resolution together with such other proceedings and actions as may be <br />necessary to the St. Joseph County Auditor for certification to the <br />Indiana State Board of Tax Commissioners for the purpose of obtaining <br />the approval of said Board of the additional appropriation herein <br />made. <br />-3- <br />