Laserfiche WebLink
Any <br />account c <br />shall be <br />Grant Cox <br />of the <br />Notes in <br />"Exhibit <br />paying a€ <br />said lett <br />Secretar3 <br />payment c <br />Project 7 <br />of the Lc <br />of OutstZ <br />of the pz <br />Prelimine- <br />Amount <br />None <br />First: To the payment and discharge of the principal of <br />and interest on the following Project Temporary <br />Loan Notes of the Local Public Agency issued <br />pursuant to the Loan and Grant Contract and held <br />or to be held by the Government for,its own use <br />and benefit on the date of the New Preliminary <br />Loan Notes herein authorized: <br />Principal <br />No. Date Amount <br />None <br />Pursuant to the provisions of the Outstanding <br />Requisition Agreement, the following amount shall <br />be paid to the paying agent named below, for the <br />sole and only purpose of paying the principal of <br />and interest to maturity upon the designated <br />Series of Outstanding Preliminary Loan Notes of <br />the Local Public Agency: <br />Amount Paying Agent _ Series <br />$567,180.72 National Bank and Trust Fourth Series <br />Company of South Bend "B" <br />112 -114 W. Jefferson Blvd. <br />South Bend, Indiana <br />lance of such proceeds shall be deposited in the appropriate <br />fund established pursuant to the Loan and Grant Contract and <br />ed only in accordance with the provisions of the Loan and <br />act. <br />Lon 9. The Treasurer of St. Joseph County ex officio Treasurer <br />.y of South Bend is hereby authorized and directed to send <br />Ly a letter to each paying agent for the New Preliminary Loan <br />>ubstantially the form of the letter hereto attached and marked <br />3" and to transmit: (1) the New Preliminary Loan Notes to said <br />?nt for delivery and payment in accordance with the terms of <br />!r; (2) $ - None - of funds of the Local Public Agency to the <br />of Housing and Urban Development, to be applied against the <br />the principal of and interest to the date of payment on the <br />!mporary Loan Notes described in Section 8 hereof; and (3) funds <br />:al Public Agency to the paying agent of the designated Series <br />tding Preliminary Loan Notes, to be applied against the payment <br />:ncipal of and interest to maturity on such Series of Outstanding <br />ry Loan Notes, as follows <br />Paying Agent <br />Series <br />National Bank and Trust Company Fourth Series <br />of South Bend If B" <br />South Bend, Indiana <br />10. This Resolution shall take effect immediately. <br />