No. 0141 authorizing sale, issuance, delivery of premininary loan notes in the aggregate principal amount of $557,000, execution of requisition agreement No. 4, execution/delivery of project temp. loan note No. 5 in connection with Project No. IND R-29

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t .• °fix MM- E.3081(I, .,DE:�AR'L• �`3°I' G P s�Dij`u GP��,�IT GUa— r'm (11 P?EMI IWRY L0:1-N NOTE ( FIRST SERIES, C ) Project No, IND. R -57 Changeable No. Ch �eable City of South Bend, Department of Redevelopment (herein called the "Local Public Agency "), which city is a municipal corporation organized and existing under the Laws of the State of Indiana, for value received, hereby promises to pay to the bearer, but solely from the funds provided by the United States of i=erica pursuant to the Requisition - zgreement hereinafter described., the principal sum of this Note, with interest thereon from the date of issue to the maturity date, at the interest rate per annum, and at the office of the Paying Agent, all as specified herein. Both the principal of and interest on this Note are payable in any coin or currency of the United States of America which on the date of payment thereof is legal, tender for the payment of public and private debts. The date of issue, maturity date, principal sum, authorized issue, interest rate ppl�r ann , the paying agent of and i -,ith respect to this Note, and the description of said Requisition Agreement and citations of authority for and pertaining to this Noe are as follows: i• !X Date of Issue: August 9, 1966 Maturity Dater August 11, 1967 Princip 1 Sum: Changeable Interest Rate Per Annum: Three and Seventy Five One- Hundredths Per Cent-um. (3.750 Paying gent: St. Joseph Bank & Trust Company in the City of South Bend, Indians, Requisi ion Agreement No. 1 dated 8 -9 -66 Authorized Issue: 1,195,000,00 State and Statute: Indiana, The Redevelopment of Cities and Towns Act of 1953; Chapter 176, . as amended by Acts of 1957, Chapter 173 Resolut on(s) Adopted: May 5s 1966 and July 21, 1966 This Noe is issued pursuant to the constitution or organic law of said State and said Statute, as amended and supplemented, to aid in financing an urban renewal or redevelopment project of the character authorized thereunder and described in said 'Resolution(s). Said project is being assisted pursuant tot sec. Title I of the Housing Act of 1949, as amended (42 U.S.C. IJ441�¢ac��c�s(��y under a loan contract between the Local Public :agency and the United States of America. Pursuan to said loan contract, and in furtherance of the financing of the project, the Loc 1 Public Agency and the United States have entered into the above - identif ed Requisition Agreement under which the latter has agreed, *.without limitin in any manner the unqualified Payment Agreement of the United States endorse on the reverse of this Note, to make a specific loan payment to the local Pablic Agency on or prior to said Y-laturity Date in an amount sufficient to pay the principal of and interest to maturity on this Note and said Authorized Issue of which this Note is one, and to cause to be deposited with ...the PayLng Agent, for the benefit of the holder of this Note, an amount sufficient to pay-bile pri.r1 -i_ o,1 and 3- :terast to maturity. Under the terms of said