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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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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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'F. <br />6 <br />• <br />V , <br />Whenever at any time within one year after the <br />date of the mailing of such notice, the Commission shall <br />receive an instrument or instruments purporting to be <br />executed by the owners of the Bonds of not less than sixty <br />percent (60%) in aggregate principal amount of the Bonds <br />then outstanding (exclusive of Bonds, of any, owned by the <br />Commission or the City), which instrument or instruments <br />shall refer to the proposed suplemental resolution described <br />in such notice, and shall specifically consent to and approve <br />the adoption thereof in substantially the form of the copy <br />thereof referred to in such notice as on file with the <br />Registrar, thereupon, but not otherwise, the Commission may <br />adopt such supplemental resolution in substantially such <br />form, without liability or responsibility to any owners of <br />the Bonds, whether or not such owner shall have consented <br />thereto. <br />Upon the adoption of any supplemental resolution <br />pursuant to the provisions of this Section 19, this Resolution <br />shall be, and be deemed to be, modified and amended in <br />accordance therewith, and the respective rights, duties and <br />obligations under this Resolution shall thereafter be deter- <br />mined, exercised and enforced hereunder, subject in all <br />respects to such modifications and amendments. <br />Adopted at a regular meeting of the Commission <br />held on August 23, 1985, in the offices of the Commission <br />located on the 12th Floor of the County -City Building, <br />227 W. Jefferson Blvd., South Bend, Indiana 46601. <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />B •, <br />y Nim z, P ident <br />ATTEST: <br />Rom n Piasecki, Secretary <br />-23- <br />
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