No. 0151 to amend resolution authorizing the issuance of certain project temporary loan notes in connection with urban renewal Project No. IND R-29

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and tim Loa as bei WHE of Ren the Sou Dep be! -` RESOLUTION NO. ' . l S'/ RESOLUTION TO AME14D A RESOLUTION AUTHORIZING THE ISSUANCE OF CERTAIN PROJECT TRMPORARY LOAN NOTES IN CONNECTION WITH URBAN RENEWAL PROJECT NO. Ind. R -29 AND PROVIDING3 FOR THE SECURITY FOR THE PAYMENT THEREOF, AND FOR OTHER PURPOSES. EAS, the United States of America (herein called the "Government ") the City of South Pend, Department of Redevelopment (herein some - s called the "Local Public Agency "), have entered into a certain and Capital Grant Contract dated September 6, 1963, and identified ontract No. Ind. R -29 (L3), (said Contract as hereto amended g herein called the "Existing Contract "); and EAS, A Resolution entitled "Resolution Authorizing the Issuance ertain Project Temporary Loan Notes in Connnection with Urban wal Project No. Ind. R -29 and Providing for the Security for Payment Thereof, and for other purposes" was duly adopted by the h Bend Redevelopment Commission Governing Body of the South Bend, rtment of Redevelopment on September 19, 1963 (said Resolution �e herein called the "Basic Note Resolution "); and WHEREAS, it is necessary that the Basic Note Resolution be amended so that the provisions thereof will be responsive to and consistant - witli the provisions of the Existing Contract as amended by First Amendatory Contract amending Loan and Capital Grant Contract No. Ind R -29 (LG). NOW THEPFFORE, BE IT RESOLVED BY THE South Bend Redevelopment Commission Governing Body of the City of South Bend, Department of Redevelopment as follows: Section 1. That the Basic Note Resolution be amended as follows: (a) By deleting Sections 1 through 6 and substituting the fol axing Sections 1 through 5 in lieu thereof: "Section 1. That in order to provide funds to enable the Local Public Agency to defray epenses and costs in connection with the undertaking and carrying out cf the Project, and to refund, renew, extend, or substitute for a_-zy Project Temporary Loan Notes by this Resolution authorized to be issued, here are hereby authorized to "- be issued, from tire to ti: -Ie Project Te:iporary Loan Notes of the Local Pub is Agency in an agregate principal amount outstanding at any one l% tim (whether authorized by this Resolution or any other resolution aut orizing the issuance of project Temperary Loan Notes in connection witi the Project) of not to exceed One Million Three Hundred Fifty Ei t Thousand Nine Hundred Seventeen Dollars ($1,358,917.00). "Section 2. That each such note shall be designated "Project Temporary Loan Note "; shall be payable, as to the principal thereof together with the interest thereon, upon demand, but solely from thE Project Temporary Loan Repayment Fund hereinafter mentioned an not otherwise; shall be payable at the principal office of the Lo al Public Agency in any coin or currency of the United State of Am rica which, on the date of the payment of the principal thereof an the interest thereon, is legal tender for the payment of public an private debts; shall be payable to the United States of America or order; shall be signed in the name of the Local Public Agency by the Mayor or Acting Mayor; shall have the official seal of the Local Public Agency impressed thereon and attested by the City Clerk; and shall bear interest at the rate or rates as follows: r" of During the period from the date of the acceptance of delivery and payment for each such note through December 31, 1971 (herein