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• ,�' HUD -3080a (Cont'd) <br />y <br />(9-66) <br />Section 3. The Local Public Agency hereby ratifies and approves the form <br />of the proposal hereinafter in this Section 3 enumerated, for the purchase of the <br />designat d principal amount of the New Preliminary Loan Notes, which proposal the <br />Local Public Agency hereby determines will provide the lowest interest cost and <br />is therefore hereby accepted, --and said New Preliminary Loan Notes are.hereby . <br />awarded to said purchaser, as follows: - - - <br />Principal. Interest <br />Amount Rate Purchaser <br />$1137.5.,00)-00 3% National Bank and Trust Company <br />112 West Jefferson Blvd. <br />South Bend, Indiana <br />Section 4. Each such note shall be dated the 8th day of <br />August , 19_6y; shall be designated "Preliminary Loan Note "; shall <br />be_.payab e,._as to both.principal:..and interests to bearer, on the 9th day <br />of August , 19 68; and, pursuant to the proposal, for the purchase <br />of said aotes, hereinabove accepted, shall bear the rate of interest per annum, <br />payable it maturity, shall bear the numbers, be in the denominations, and be <br />payable is to both principal and interest at the bank or trust company, as <br />follows: <br />Purchaser Number Denominations <br />National Bank & Trust Company 1 - 13 $100,000 <br />112 West Jefferson Blvd. 14 75,000 <br />South Bend, Indiana <br />- 3 - <br />Interest <br />Rate Payable At <br />3.0% National Bank & Trust <br />Company <br />112 West Jefferson Blvd. <br />South Bend, Indiana <br />