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60-18 Bond Financing for the Community Center Project
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60-18 Bond Financing for the Community Center Project
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11/7/2018 2:09:11 PM
Creation date
11/7/2018 2:08:28 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/12/2018
Bill Number
60-18
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shall be sent when required as contemplated by this Indenture. Until otherwise provided by the <br /> respective parties, all notices, demands, certificates and communications to each of them shall be <br /> addressed as follows: <br /> To the Public Library:St. Joseph County Public Library <br /> 304 South Main Street <br /> South Bend, Indiana 46601 <br /> Attention: Library Director <br /> To the Issuer: City of South Bend, Indiana <br /> 227 W. Jefferson Blvd., Suite 4005 <br /> South Bend, Indiana 46601 <br /> Attention: City Clerk <br /> To the Trustee: <br /> Attention: Corporate Trust Department <br /> Section 10.8 Counterparts. This Indenture may be simultaneously executed in several <br /> counterparts, each of which shall be an original and all of which shall constitute but one and the <br /> same instrument. The exchange of copies of this Indenture and of signature pages by facsimile <br /> or other electronic transmission shall constitute effective execution and delivery of this Indenture <br /> as to the parties hereto and may be used in lieu of the original Indenture and signature pages for <br /> all purposes. <br /> Section 10.9 Applicable Law. This Indenture shall be governed exclusively by the <br /> applicable laws of the State of Indiana. <br /> Section 10.10 Immunity of Officers and Directors. No recourse shall be had for the <br /> payment of the principal of or interest on any of the Bonds or for any claim based thereon or <br /> upon any obligation, covenant or agreement in this Indenture contained against any past, present <br /> or future members, officer, directors, agents, attorneys or employees of the Issuer, or any <br /> incorporator, member, officer, director, agents, attorneys, employees or trustee of any successor <br /> Public Library, as such, either directly or through the Issuer or any successor Public Library, <br /> under any rule of law or equity, statute or constitution or by the enforcement of any assessment <br /> or penalty or otherwise, and all such liability of any such incorporator, members, officers, <br /> directors, agents, attorneys; employees or trustees as such is hereby expressly waived and <br /> released as a condition of and consideration for the execution of this Indenture and issuance of <br /> such Bonds. <br /> Section 10.11 Payments or Performance Due on Saturdays, Sundays and Holidays. <br /> Except as specifically provided herein, if the last day for making any payment of principal of, <br /> redemption price or interest on any Bonds or taking any action, including, without limitation, <br /> exercising any remedy, under this Indenture shall be a Saturday, Sunday or a legal holiday or a <br /> day on which banking institutions are authorized by law to close, then such payment may be <br /> made, or such action may be taken, on the next succeeding business day, and, if so made or <br /> taken, shall have the same force and effect as if made or taken on the date fixed for payment, <br /> 46 <br />
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