No. 0234 authorizing sale, issuance, delivery of preliminary loan notes in aggregate principal amount of $376,000, execution of requisition Agreement No. 1, execution/delivery of Proj. Temp. Loan Note No. 1 with Proj. No. IND R-56

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Purchase Numbers (Inclusive) 1 - 2 Interest Denominations Rate $1001-000 3.04% Payable At Morgan Guaranty Morgan Guaranty Trust Co of New 3 - 4 50,000 Trust Company of York and Salomon 5 - 6 25,000 New York Brothers and Hutzler 7 - 8 10,000 23 Wall Street 23 Wall qtreet 9 5,000 New York, New York New York,J New York 10 1,000 10015 10015 None of the 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 Preliminary Loan Notes shall be signed in the name of the Local Public Agency by the Mayor of the City of South Bend and shall have the corporate seal of the said City impresseo thereon and attested by the Clerk of the City of South Bend thereof, and said officers are hereby authorized and directed to cause said notes to be properly executed. Section 5. Each of the Preliminary Loan Notes shall be issued in substantially the form of the note hereto attached and marked Exhibit "A ". Section 6. The Agreement entitled "Requisition Agreement No. 1" (herein called the "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 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 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 Preliminary Loan Notes issued pursuant to this Resolution. Section 7. The Mayor and Clerk of the City of South Bend are hereby authorized and directed to prepare and execute the Project Temporary Loan Note desc ibed in the Requisition Agreement (the issuance of which has heretofore been authorized by a Resolution Authorizing the Issuance of Certain Project Temporary Loan Notes in Connection with Project No. Ind. R -56 and Providing for the Security for the Payment Thereof, and for Other Purposes, duly adopted by the Local Public Agency on the lst day of August, 1968), in the principal amount of Three Hundred Ninety -Eight Thousand Dollars ($398,000.00). Said note shall be designated "Project Temporary Loan Note "; shall be numbered Number 1; shall be dated the 15th day of October, 1968; shall bear interest from the date of the acceptance of the Local Public Agency's delivery thereof and the payment therefor by the Government; shall bear a st tement at the foot thereof in substantially the following form: -3-