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the "Loca <br />day of Ju <br />with any <br />provision <br />United St <br />part, for <br />Agency un <br />et seq.) , <br />to aid th <br />tain urba <br />No. Ind. <br />tract; an <br />purchase <br />"Prelimin <br />which app <br />of The So <br />September. <br />proposals <br />Public Ag <br />vided by <br />in the Ci <br />tember 17 <br />Bank of An <br />S. A. and <br />City Bank <br />Continenta <br />National B <br />Company of <br />First Bost <br />Morgan Gua <br />of New Yor <br />Brothers a <br />and <br />RESOLUTION NO. 234 <br />RESOLUTION AUTHORIZING THE SALE, ISSUANCE AND <br />DELIVERY OF PRELIMINARY LOAN NOTES IN THE <br />AGGREGATE PRINCIPAL AMOUNT OF $376,000.00, <br />THE EXECUTION OF REQUISITION AGREEMENT NO. 1, <br />AND THE EXECUTION AND DELIVERY OF PROJECT <br />TEMPORARY LOAN NOTE NO. 1, IN CONNECTION WITH <br />PROJECT NO. IND. R -56 <br />AS, City of South Bend, Department of Redevelopment (herein called <br />Public Agency ") has entered into a contract dated as of the 31st <br />y, 1968, numbered Contract No. Ind. R- 56(LG), (which, together <br />upplements thereto or amendments, modifications or waivers of any <br />thereof, is herein called the "Loan and Grant Contract "),with the <br />tes. -of America (herein called the "Government ") providing, in <br />a Project Temporary Loan by the Government to the Local Public <br />er Title I of the Housing Act of 1949, as amended (42 U.S.C. 1450 <br />in an amount outstanding at any one time not to exceed $508,880.00 <br />Local Public Agency in its undertaking and carrying out of a cer- <br />renewal project (herein called the "Project ") designated Project <br />-56 and which is more fully identified in the Loan and Grant Con- <br />S, pursuant to advertisement for the receipt of proposals for the <br />Preliminary Loan Notes (First Series D), herein sometimes called <br />y Loan Notes ", of the Local Public Agency aggregating $376,000.00, <br />red in a Notice of Sale published in the September 3rd, 1968 issue <br />h Bend Tribune in the City of South Bend, Indiana, and in the <br />rd, 1968 issue of The Daily Bond Buyer in the City of New York, <br />or the purchase of said notes in the form approved by the Local <br />cy were received, opened, and canvassed at the time and place pro - <br />id advertisement, to wit: At Suite 1001, 120 W. LaSalle Avenue, <br />of South Bend, Indiana, at 1:00 o'clock, P. M., E.D.S.T., Sep -' <br />1968, which proposals are as follows: <br />of Bidder <br />Interest <br />Principal <br />Amount Premium <br />Rate <br />!rica, N. T. & <br />'first National <br />3.12% <br />$376,000 $20.00 <br />Illinois <br />nk and Trust <br />Chicago and <br />in Corporation <br />3.12% <br />$376,000 $12.00 <br />my Trust Co. <br />and Salomon <br />Hutzler 3.04% $376,000 $10.00 <br />-1- <br />