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WHEREAS, t1
<br />the "Local
<br />together wJ
<br />thereof, az
<br />(herein ca]
<br />Local Issui
<br />and
<br />RESOLUTION NO. 268
<br />RESOLUTION AUTHORIZING THE SALE, ISSUANCE AND DELIVERY
<br />OF PROJECT NOTES IN THE AGGREGATE PRINCIPAL AMOUNT OF
<br />$1,120,000 AND THE EXECUTION OF REQUISITION AGREEMENT
<br />NO. 1, FOR THE LASALLE PARK PROJECT, IND. R -57
<br />City of South Bend, Department of Redevelopment (herein called
<br />Cssuing Agency ") has entered into one or more contracts (which,
<br />:h any supplements thereto or amendments or waivers of any provisions
<br />herein called the "Contract ") with the United States of America
<br />Led the "Government ") providing for a loan by the Government to the
<br />ig Agency for financing the urban renewal, low -rent housing or
<br />it project!(s) described in the Contract and herein called the "Project ";
<br />WHEREAS, pursuant to advertisement for the receipt of proposals for the purchase
<br />of the First Series 1969 of Project Notes (herein sometimes called "New Project
<br />Notes ") of the Local Issuing Agency aggregating $1,120,000, which appeared in a
<br />Notice of c.ale published on June 19, 1969, in the South Bend Tribune in the City
<br />of South B nd, Indiana and in the Daily Bond Buyer in the City of New York, New
<br />York, proposals for the purchase of the New Project Notes in the form approved
<br />by the Local Issuing Agency were received, opened, and canvassed at the time
<br />and place mentioned in said advertisement, to wit: at 120 West LaSalle Avenue,
<br />Suite 1001 in the City of South Bend, Indiana 46601 at one o'clock P.M. E.D.S.T.,
<br />July 8, 1969, which proposals are as follows:
<br />Bi der Interest Rate
<br />National B nk and Trust Company
<br />of South Bind 5.18%
<br />Bank of Am rica, N'_T. & S.A. and
<br />First Nati nal City Bank 5.80%
<br />Morgan Gua anty Trust Company of
<br />New York a d Salomon Brothers and
<br />Hutzler 5.85%
<br />Bankers Tr st Company per First
<br />Bank and T ust Company of South Bend 5.92%
<br />Principal Premium
<br />Amount
<br />$1,120,000.00
<br />-0-
<br />1,120,000.00
<br />32.00
<br />1,120,000.00
<br />19.00
<br />1,120,000.00
<br />Chase Manh ttan Bank and Lehman
<br />Brothers 5.97% 1,120,000.00
<br />NOW, THEREFORE, BE IT RESOLVED by the Local Issuing Agency as follows:
<br />27.00
<br />13.00
<br />Section 1. The aforesaid publication of the Notice of Sale and the form and
<br />contents t ereof as so published are hereby, in all respects, approved, ratified
<br />and confi ed.
<br />Section 2. In order to provide funds to pay expenses incurred or to be in-
<br />curred in the development of the Project, or to refund, renew or extend its
<br />outstanding Notes issued in connection therewith, the Local Issuing Agency hereby
<br />determines to borrow the sum of One Million One Hundred Twenty Thousand DollArs
<br />($1,120,000.00) and issue its negotiable Project Notes therefor.
<br />Section 3. The Local Issuing Agency hereby ratifies and approves the form
<br />of each proposal hereinafter in this Section 3 enumerated for the purchase of
<br />the designZLted principal amount of Notes and determines that each such proposal
<br />offers to purchase such Notes at the lowest interest rate and is therefore accepted,
<br />and said Notes are hereby awarded to the purchaser, as follows:
<br />
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