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'?Delivery of this note was accepted and payment therefor <br />made on the day of 19 <br />UNITED STATES OF AMERICA <br />Secretary of Housing and Urban Development <br />By <br />?1 <br />(Title) <br />and shall. not be valid until said statement is duly executed on behalf of <br />the Government. Said Project Temporary Loan Note shall be delivered by <br />the .Treasurer of St. Joseph County ex officio, Treasurer of the City of <br />South Bend, of the Local Public Agency to the Government to be held and <br />paid for by the Government in accordance with the terms and conditions <br />containe4 in said Requisition Agreement. <br />Sec ion 8. The proceeds derived from the sale of the Preliminary Loan <br />Notes, together with such amount of other appropriate funds of the Local <br />Public Agency as may be necessary, shall be applied, simultaneously with the <br />receipt of said proceeds, as follows: <br />First: To the payment and discharge of the principal of <br />and interest on the following Project Temporary Loan <br />Notes of the Local Public Agency issued pursuant <br />to the Loan and Grant Contract and held or to be <br />held by the Government for its own use and benefit <br />on the date of the Preliminary Loan Notes herein <br />authorized: <br />Principal <br />No. Date Amount <br />-0- <br />Second: Any balance of such proceeds shall be deposited in <br />the appropriate account or fund established pursuant <br />to the Loan and Grant Contract and shall be used only <br />in accordance with the provisions of the Loan and <br />Grant Contract. <br />Section 9. The Treasurer of St. Joseph County ex officio, Treasurer <br />of the City of South Bend, is hereby authorized and directed to send immedi- <br />ately a letter to each paying agent for the Preliminary Loan Notes in sub- <br />stantially the form of the Letter of Instructions hereto attached and marked <br />Exhibit '?B?? and to transmit the Preliminary Loan Notes to said paying agent <br />for deli ry and payment in accordance with the terms of said letter. <br />This Resolution shall take effect immediately. <br />-4- <br />