No. 0268 authorizing sale, issuance, delivery of project notes in the aggregate principal amount of $1,120,000 and execution of Requisition Agreement No. 1 for LaSalle Park Project IND R-57

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Principal Amount Interest Rate Purchaser $1,120,000.00 5.18% National Bank and Trust Company of of South Bend South Bend, Indiana Section 4. Each Note shall be dated August 5, 1969, shall be payable as to both principal and interest to bearer, on March 6, 1970, and, pursuant to each roposal for the purchase of said Notes hereinabove accepted, shall bear the rate of interest per annum, payable at maturity; shall bear the numbers and be in the denominations; and shall be payable as to both principal and inte est at the incorporated bank having trust powers or incorporated trust company, as follows: Purchasex Numbers Denominations Interest Payable At Rate National Bank and 1 - 11 $100,000 5.18% National Bank and Trust Company of 12 - 13 10,000 Trust Company of South *d South Bend South Be d, Indiana South Bend, Indiana None of such Notes shall be valid until after the bank or trust company at which it is payable shall have signed the agreement, appearing on each Note, to act as paying agent thereof. Each such Note shall be executed in the name of the Local Issuing Agency by the manual or facsimile signature of the Mayor of South Bend and shall have the corporate seal of said City impressed, imprinted or reproduc d thereon and attested by the City Clerk of the City of South Bend, and said officers are hereby authorized and directed to cause said Notes to be prope ly executed. Section 5. Each such Note shall be in substantially the form of HUD -9010, which is incorporated herein by reference, and shall be secured by an agreement entitled "Requisition Agreement No. 1" (herein called the "Requisition Agree- ment"), in substantially the form of HUD -9003, which is incorporated herein by reference, to be entered into between the Local Issuing Agency and the Governme t. Section 6. The Requisition Agreement shall be executed in the name of the Local Issuing Agency by the manual or facsimile signature of the President of the Local Issuing Agency and shall have the corporate seal of the Local Issuing Agency impressed, imprinted or reproduced thereon and attested by the Secretary, and said officers are hereby authorized and directed to cause the Requisition Agreemen to be properly executed. Secti the New promises the Requ Agreemen hereby a holders and amou of Pro j e Obligati with the principa Such plec or invest n 7. For the punctual payment of the principal of and interest on roject Notes, the Local Issuing Agency hereby expressly and irrevocably to pay any sums which may be received from the Government pursuant to sition Agreement relating to such series of Project Notes and said , when executed by the Government, is hereby declared to be and is signed by the Local Issuing Agency for the benefit of the holder or rom time to time of the New Project Notes. All contributions, funds is authorized or required by the Contract to be applied to the payment t Loan Notes (referred to in the Contract as "Project Temporary Loan ns ", "Advance Notes" or "Permanent Notes ") as issued in connection Project are hereby irrevocably pledged to secure the payment of the of and interest to maturity on the New Project Notes. e and the lien created thereby shall cease and terminate when monies ent securities convertible into cash not later than the maturity -2-