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on obligations of the Local Issuing Agency then held by the Government which may <br />be tefunded in part by any one or more series of Project Notes and (b) to the paying <br />agent or agents of any then outstanding series of Project Notes, or to the Government <br />for transm.ttal to said paying agent or agents, such amount of funds of the Local <br />Issuing Ag ncy as may be available for such purpose and as may be necessary to pay <br />the princi al of and interest on such Project Notes which are refunded in part by <br />succeeding issues of Project Notes. <br />Section 11. The Local Issuing Agency hereby covenants with the holders from <br />time to time of any Project Notes issued under this resolution that it will not <br />amend this resolution in any way which would limit or alter the rights of such <br />holders under Section 9 hereof or otherwise impair the rights and remedies of such <br />holders until such Project Notes, together with interest thereon, and all costs, <br />expenses a d damages in connection with any action or proceedings by or on behalf <br />of such ho tders are fully met and discharged. <br />12. This Resolution shall take effect immediately. <br />Section 13. Adopted at the Regular Meeting of the Redevelopment Commission held <br />in the Office of the Department of Redevelopment, 120 West LaSalle Avenue, Suite 1001, <br />South Bend Indiana on November 21, 1969. <br />ATTEST: <br />John <br />SEAL <br />CITY OF SOUTH BEND <br />DEPARTMMq-F REDEVELOPMENT <br />-3- <br />4. <br />A. Wiggins, PregXdknt <br />