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iilii) -9016
<br />(11-60)
<br />RESOLUTION NO. 2003
<br />RESOLUTION AlifIi0RI'I_7 tG :I: SALE, ISSUAIdC E AND
<br />DELIVERY OF P i20JEC' NOTES IN Ti.r AGGREGZ TE
<br />PRINCIPl.L :^.i -iOUNT OF $1,319,000 AND THE EXECUTION
<br />OF REOUISITION AGREENfENT NO. 1 -1970
<br />T ?RL•' S, Tire City of South i3end, Department of Redevelopment (herein called
<br />the "Local Issuing Agency ") has entered into One or more contracts (which, tG-
<br />gethcr witl any supplements thereto or amendments or waivers of any provisions
<br />thereof, are herein called the "Contract ") with the United States of America
<br />(herein ca led the "Government ") providing for a loan by the Government to the
<br />Local Issu ng Agency for financing the urban renewal, low -rent housing or
<br />redcvelopm nt project(s) described in the Contract and herein called the "Project ";
<br />and
<br />111 111.R1?. \S ., pursuant to advertisement for the receipt of proposals for the
<br />Purchase o� tl:e First Series 1970 of Project Notcs (herein sometimes called
<br />" \cw Proje t Notes ") of the Local Issuing Agency aggregating $1,319,000, which
<br />zmncared in a Notice of Sale published on January 27, 1970, in the South Bend
<br />Tribune in the City of South Bend, Indiana and in The Daily Bond Buyer in the
<br />City of New York, New York, proposals for the purchase of the New Project Notes
<br />in the form approved by the Local Issuing Agency were received, opened, and
<br />canvassed t Lha time and place mentioned in said advertisement, to wit: at
<br />1246 County-City Building, 227 West Jefferson Blvd. in the City of South Bend,
<br />Indiana 4 601 at one o'clock P.14., EST, on February 10, 1970, which proposals
<br />are as :'ol ows:
<br />:lame of BiFider.
<br />Tile First 7ational Bank of Boston
<br />and John N,veen & Co., Inc.
<br />The Northe Trust Company and
<br />A.G. Becker and Company, Inc.
<br />St. Joseph Bank & 'Crust Company
<br />Interest
<br />Rate
<br />4.79%
<br />5.03
<br />5.04
<br />Bark of America, N.T. & S.A., 5.06
<br />"First National City Bank, Continental
<br />Illinois National Bank.and Trust Company
<br />of Chicago, First Boston Corporation,
<br />and i.10 llo. National Lank and Trust
<br />Como any
<br />First national Bank in St. Louis 5.125
<br />& Associates
<br />Principal PremiU -m
<br />Amount
<br />$1,319,000
<br />1,319,000
<br />1,319,000
<br />1,319,000
<br />1,319,000
<br />$21:00
<br />6.00
<br />29.00
<br />41.00
<br />5.00
<br />Morgan Gu ranty Trust Company 5.13 1,319,000 25.00
<br />Of :lew 1'o -.k and Salo -mon Brothers
<br />and llut z 1 r
<br />NK
<br />,1 J4 THEREFORE, BE IT RESOLVED by the Local Issuing Agency as follows:
<br />Secn 1. The aforesaid publication of the Notice of Sale and the form and
<br />contents "rt;o.ereof as so published are hereby, in all respects, approved, ratified
<br />and confi ., ed.
<br />Sec.t'ol-, 2. in order to provide funds to pay expenses incurred or to be in-
<br />1 i.l Zile development' of the P rojeCt, Or to refund, renew Or exten its Out -
<br />staP,(: ng .''otes issued in connection therewith, the Local Issi:ing Agency Hereby
<br />determine to borrow the sum, of One Million Three Hundred and Nlineteen Thousand
<br />Dollars ( ,319,000) and issue its negotiable Project Notes. therefor.
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