The Controller, upon consultation with the City's municipal advisor, may designate
<br /> maturities of the Bonds(or a portion thereof in Authorized Denominations)that shall be subject to
<br /> optional redemption and/or mandatory sinking fund redemption, and the corresponding
<br /> redemption dates, amounts and prices (including premium, if any).
<br /> The Bonds shall be executed on behalf of the City by, and bear the manual or facsimile
<br /> signature of, the Mayor and the Clerk of the City (the "Mayor" and the "Clerk"), and the seal of
<br /> the City shall be thereunto affixed (or imprinted or engraved if in facsimile).
<br /> The Bonds shall be in the form set forth in the final form of the Indenture.
<br /> SECTION IV. Limited Obligations. The Bonds and the interest thereon do
<br /> not and shall never constitute an indebtedness of, or a charge against the general credit of taxing
<br /> power of, the City, but are special limited obligations of the City payable solely from the TIF
<br /> Revenues as set forth in the Trust Indenture.
<br /> SECTION V. Appointment of Registrar and Paying Agent. The Indenture
<br /> may provide that the trustee to be named therein, or another corporate entity, shall act as the bond
<br /> registrar and authenticating agent, and may provide for a co-trustee. The Controller is authorized
<br /> to solicit proposals for and appoint a trustee under the Indenture.
<br /> SECTION VI. Delivery of Bonds. After execution on behalf of the Mayor
<br /> and the Clerk, the Bonds shall be delivered to the Trustee, which is hereby authorized and
<br /> requested to authenticate and deliver the Bonds to or upon the order of the Purchaser, or to any
<br /> depository, in accordance with and upon compliance with the provisions of the Indenture. The
<br /> Council hereby authorizes the sale of the Bonds pursuant to the Purchase Agreement (defined
<br /> below).
<br /> SECTION VII. Registration Authorization. The Mayor and the Clerk are
<br /> hereby authorized in the name and on behalf of the City to take any and all action which the Mayor
<br /> and the Clerk may deem necessary or advisable with the advice of counsel for the City in order to
<br /> effect the registration or qualification (or exemption therefrom) of the Bonds for issue, offer, sale
<br /> or trade under the Blue Sky or securities laws of any of the states of the United States of America
<br /> and in connection therewith,to execute,acknowledge,verify,deliver, file or cause to be published
<br /> any applications, reports, consents to service of process and other papers and instruments which
<br /> may be required under such laws, and to take any and all further action which such official of the
<br /> City may deem necessary or advisable in order to maintain any such registration or qualification
<br /> for as long as the Mayor and the Clerk deem necessary or as required by law, provided, however,
<br /> the Mayor and the Clerk need not consent to service of process in any jurisdiction other than the
<br /> State of Indiana.
<br /> SECTION VIII. Approval of Documents. Each of the Financing Documents
<br /> is hereby approved in the forms submitted to this meeting, and a copy of each such document shall
<br /> be kept on file by the Clerk. The Mayor and the Clerk are hereby authorized and directed to
<br /> execute and deliver such documents without further approval of the Common Council in
<br /> substantially the forms herein approved with such additions, deletions and modifications thereto
<br /> as may be approved under the Act, the execution thereof being conclusive evidence of such
<br /> approval and of the approval of the Common Council; and the Clerk, or any authorized
<br /> representative of the City, is hereby authorized and directed to affix the seal of the City to such
<br /> documents and to attest the same. Two copies of each of the Financing Documents, hereby
<br /> incorporated into this Ordinance, were duly filed in the Office of the Clerk and are available for
<br /> public inspection in accordance with Section 36-1-5-4 of the Indiana Code.
<br /> SECTION IX. Sale of Bonds. (a) The City may sell the Bonds in a public
<br /> sale. In such case, the Controller shall cause to be published either (i) a notice of sale once each
<br /> week for two consecutive weeks per IC § 5-3-1-2, in which case the date fixed for the sale shall
<br /> not be earlier than fifteen (15) days after the first such publications and not earlier than three (3)
<br /> days after the second of such publications, or (ii) a notice of intent to sell bonds once each week
<br /> for two(2)weeks in accordance with IC § 5-1-11-2 and IC § 5-3-1-4 and in a newspaper of general
<br /> circulation published in the State capital, in which case bids may not be received more than ninety
<br /> (90)days after the first of such publications. Said sale notice shall state the time and place of sale,
<br /> the purpose for which the Bonds are being issued, the total amount thereof, the amount and date
<br /> of each maturity, the maximum rate or rates of interest thereon, their denominations, the time and
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