No. 0819 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985 & 1986 for purpose of raising money for property acquisition and redevelopment in SBCAA

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SECTION 9. As soon as can be done after the adoption of this Series 1988 Bond Resolution, the President and the Secretary of the Commission are hereby directed to deliver on behalf of the Commission a certified copy of this Series 1988 Bond Resolution to the Control- ler. As soon as can be done after the passage of this Series 1988 Bond Resolution, the Secretary of the Commission shall give notice of determination to issue bonds as required by IC 6- 1.1 -20 -5, by pub- lishing said notice once each week for two weeks in the South Bend Tribune and the Tri- County News and by posting said notice in three public places in the Redevelopment District. SECTION 10. Except as provided in Section 11, below, prior to the sale of the Series 1988 Bonds, the Controller shall cause to be published a notice of such sale two times, at least one week apart, in the South Bend Tribune and the Tri- County News. The notice may also be published in Credit Markets, 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 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 such publications and not earlier than three (3) days after the second of such publications in the South Bend Tribune and the Tri- County News. The Series 1988 Bond sale notice shall state the time and place of sale, the purpose for which the Series 1988 Bonds are being issued, the total amount thereof, the maximum rate of interest thereon, the time and place of payment, the terms and conditions on which the bids will be received and the sale made, and such other information as the Controller shall deem necessary. The notice of said sale shall not, however, be published prior to the expiration of the period during which taxpayers may file objecting petitions pursuant to IC 6- 1.1 -20 -5. In the event an objecting petition or petitions are filed by taxpayers under the provisions of IC 6- 1.1 -20 -5, then the Series 1988 Bond sale notice shall not be published unless and until the State Board of Tax Commissioners shall issue its order approving the issuance of the Series 1988 Bonds. In the event it shall be determined by the State Board of Tax Commissioners, or otherwise, that the whole amount of the Series 1988 Bonds herein authorized shall not be issued, then the Controller shall be authorized to advertise and sell a lesser amount of Series 1988 Bonds. The Series 1988 Bonds not issued shall be an amount for each maturity set out in Section 1 that is in Authorized Denominations and most closely represents a pro rata reduction for each maturity. Bidders for the Series 1988 Bonds shall be required to name the rate or rates of interest which the Series 1988 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 Series 1988 Bonds bearing each rate and all Series 1988 Bonds maturing on the same date shall bear the same rate. No rate for any maturity shall be more than one percent (1 %) lower than any prior rate. Subject to provisions contained -25-