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No. 0755 amending Section 19 of and adding Section 20 to Res. No. 747 on the COSBRC
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No. 0755 amending Section 19 of and adding Section 20 to Res. No. 747 on the COSBRC
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rr. <br />lftw <br />Upon the adoption of any supplemental resolution pursuant <br />to the provisions of this Section 19, this Resolution shall be, and <br />be deemed to be, modified and amended in accordance therewith, and <br />the respective rights, duties and obligations under this Resolution <br />shall thereafter be determined, exercised and enforced hereunder, <br />subject in all respects to such modifications and amendments. <br />SECTION II. A new Section 20 shall be added to <br />Resolution No. 747, to read in its entirety as follows: <br />SECTION 20. The appropriate officers are hereby <br />authorized to take all actions required to effectuate the terms and <br />conditions of a Commitment to Municipal Bond Insurance for the <br />Bonds from AMBAC Indemnity Corporation or to obtain bond insurance, <br />if economically feasible and desirable, from any other municipal <br />bond insurance company. <br />SECTION II. Resolutions No. 747 and 752 shall remain in <br />all other respects as adopted on August 23, 1985, and November 18, <br />1985, respectively. <br />Approved this 22nd day of November, 1985, at a regular <br />meeting of the South Bend Redevelopment Commission. <br />D /30 <br />SOUTH BEND REDEVELOPMENT COMMISSION <br />eresiaen <br />ATTEST: <br />o <br />ROMAN PIASECKI, Secretary <br />-3- <br />
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