No. 0189 authorizing sale, issuance, delivery of preliminary loan notes in the aggregate principal amount of $1,375,000, execution of requisition agreement No. 2, execution/delivery of project temp. loan note No. 3 (Project No. IND R-57)

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None of the New Preliminary Loan Notes shall be valid until after the bank or trust company at which it is payable shall have signed the agreement, appearing on each such note, to act as paying agent thereof. Each of the New Preliminary Loan No es shall be signed 'n a name of the Local Public Agency by the Jknr the t of Sou en-'-i�c�c� -ib�i -may. and shall have the corporate seal o impressed thereon and attested by the Clerk of the ty of Sot3 ci Y thereof, and said officers are hereby authorized and directed to cause said notes to be properly executed. Se tion 5. Each of the New Preliminary Loan Notes shall be issued in substan sally the form of the note hereto attached and marked "Exhibit A." Section 6.' The Agreement entitled "Requisition Agreement No. 2 if (herein 7ometimes called the "New Requisition Agreement "), which has been executed by the officers of the Local Public Agency, and has been presented to and read before the meeting, and the execution thereof, are hereby fully ratified, confirmed, and approved. Said New Requisition Agreement, when executed by the Government, is hereby declared to be and is hereby assigned by the Local Public Agency for the benefit of the holder or holders from time to time of the New Preliminary Loan Notes, and the proceeds of the Project Temporary Loan Note executed pursuant to Section 7 hereof are hereby irrevocably pledged first, to the payment, at maturity, of the principal of and interest on the New Preliminary Loan Notes issued pursuant to this Resolution. Section 7. The Mayor and Clerk of the City of South of the local Public Agency are hereby authorized.and directed to prepare and Bend execute the Project Temporary Loan Note, in the principal amount of .One Million Four Hundred Fortv-Eight Thousand---------------------------------------------- Dollars 1.4+8.000.00 , described in the New Requisition Agreement the issuance of which has heretofore been authorized by a certain basic Note Resolution providing for the issuance of certain Project Temporary Loan Notes in connection with Project No. Ind. R -57 and providing for the security for the payment thereof, and for other purposes, duly adopted by the Local Public Agency on the 5th day of _ May , 19 66• Said note shall be designated "Project Temporary Loan Note "; shall be numbered No. ; shall be dated the 8th day of August 1 6 shall-be r interest from the date of the acceptance -of the Local Public9A�gency's delivery thereof and the payment therefor.by the Governmenz; shall -bear a statement at'the foot thereof in substantially the following form: "Delivery of this note was accepted and payment therefor made on the day of �9 UNITED STATES OF AMERICA Secretary of Housing and Urban Development By Title -4