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said advertisement, to wit: At 120 West LaSalle Avenim <br />in the C'ty of _ South Bend _� Indiana , at <br />o'clock, _p .M. , V.D.S _.T., �TL1y I-_ <br />which ur bosals are as follows: <br />Name of Bidder <br />Bank of Americ <br />Bank, and Di <br />First Barak and <br />National Bank , <br />77W <br />N.T. & S.A., First.National City <br />.ount Corporation of New York <br />Interest <br />Principal <br />Rate <br />Amount <br />3 -66% <br />$1,3T5i000 <br />r <br />$15.00 <br />• <br />Yf <br />said advertisement, to wit: At 120 West LaSalle Avenim <br />in the C'ty of _ South Bend _� Indiana , at <br />o'clock, _p .M. , V.D.S _.T., �TL1y I-_ <br />which ur bosals are as follows: <br />Name of Bidder <br />Bank of Americ <br />Bank, and Di <br />First Barak and <br />National Bank , <br />77W <br />N.T. & S.A., First.National City <br />.ount Corporation of New York <br />Interest <br />Principal <br />Rate <br />Amount <br />3 -66% <br />$1,3T5i000 <br />Premium <br />$10.00 <br />.rust Company of South Bend <br />3.23% <br />$1,375,000 <br />-D- <br />id Trust Company <br />3-0% <br />$1, 375, 000 <br />$15.00 <br />WHEREAS, the interest cost at which the Local Public Agency can sell <br />the New Preliminary Loan Notes is lower than the interest rate which <br />the Government is required to charge the Local Public Agency under the terms of <br />the Loan and Grant Contract, and the Government is desirous of cooperating -with <br />the Loca:1 Public Agency in its endeavor to sell said New Preliminary Loan Notes <br />in order to reduce carrying charges and other costs of the Project: <br />BE ET RESOLVED BY the City of South 13encl �?edevel_ornnQn , i ssi ony rrn)P22ning <br />B-04v o he De artme AS FOLLOWS:. <br />Section 1. The aforesaid publication of the Notice of Sale and the form <br />and contents thereof as so published are hereby, in all respects, approved, <br />ratified and confirmed. <br />Section 2. In order-to provide funds to defray expenses incurred or to be <br />incurred in the Local Public Agency's undertaking and carrying out of the <br />Project, or to retire, refund, renew, or extend its outstanding notes issued in <br />connects n therewith, the Local Public Agency hereby determines to borrow the <br />sum of ----------------------- <br />- Dollars 103750 .00 and issue its <br />negotiable New Preliminary Loan Notes therefor in aggregate principal amount <br />equal to said sum. <br />- 2 - <br />