No. 0747 authorizing the issuance of tax increment revenue bonds for the purpose of raising money for property acquisition and redevelopment in the SBCDA

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t. o so certified by the Controller and to deliver the Bonds to such purchaser and take the purchaser's receipt for the Bonds. If the Treasurer of St. Joseph County is not available, then the Controller shall deliver the Bonds to the purchaser, and deliver the proceeds to the Treasurer of St. Joseph County. SECTION 15. No action shall be taken that would impair the tax exemption for interest on the Bonds provided by Section 103(a) of the Internal Revenue Code of 1954, as amended (the "Code "). In particular, and without limiting the foregoing, the proceeds of the Bonds shall not be used or invested in any manner that will cause the Bonds to be "arbitrage bonds" within the meaning of Section 103(c) of the Code. So long as any of the Bonds remain outstanding, no action shall be taken or authorized that will cause the Bonds to be classified as "arbitrage bonds" within the meaning of such Section 103(c) and Treasury Regulations promulgated or proposed thereunder, including Treasury Regulation Sections 1.103 -13, 1.103 -14 and 1.103 -15 as they presently exist or may from time to time be amended, supple- mented, or revised. SECTION 16. If any section, paragraph or provision of this Resolution shall be held to be invalid or unenforce- able for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Resolution. SECTION 17. All resolutions and orders, or parts thereof, in conflict with the provisions of this Resolution, are, to the extent of such conflict, hereby repealed, and this Resolution shall be in immediate effect from and after its adoption. SECTION 18. If the date for making any payment or the last date for performance of any act or the exercising of any right, as provided in the Resolution, shall be a legal holiday or a day on which banking institutions in the City are typically closed, such payment may be made or act performed or right exercised on the next succeeding day not a legal holiday or a day on which such banking institutions are typically closed, with the same force and effect as if done on the nominal date provided in this Resolution, and no interest shall accrue for the period after such nominal date. • owners and at as sha hereof a part SECTION 19. Without notice to or consent of the of the Bonds, the Commission may, from time to time any time, adopt such resolutions supplemental hereto 11 not be inconsistent with the terms and provisions (which supplemental resolutions shall thereafter form hereof), -21-