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Such ')'.ed 'C d tha licii created thereby. shall cease and terminate Mcn monies or invest- <br />.,.. 't sccuriti s convcrtlblc into cash not later than the maturity date of the i cw <br />1'oyct Wes sufficient and for the 1;acp: sc of paying the principal and interest to �. <br />maturity on s 'ch Notes, are deposited with the laying agent or ageIlts for such Notes. <br />s <br />Section 3. `llic proceeds derived from the sale of the New Project Notes, together , <br />`.lit: such amb -int of' <br />otncr funds of the local issuing Agency as may be necessaryy, shall <br />rig;' L pDl icd, •Amu1.i.a'ncous ly with the receipt of said proceeds, in acC`bKdance w1 th the <br />1)rU1r i > iUiiS of the HaUui s ition Agreement. jj6 n w <br />Pn� ^'?iC:=a of St. a�osep County E•b OI n•b�.e �✓ 7 <br />Section `Itcl _ `1s riereby authorized and <br />va? : i?� T o p C3 I 3? oG <br />U. ractca to send 1)'iG� f�� _y �yC�CC,:. l;0 cJ&A Paying Qcnt; for the New Project Notes in <br />subs'i antia.11y .the fog a of HUD•-0,00',•, which is incorporated herein by reference, and to <br />transmit therewith with (a) the New Project Notes for which the addressee is the paying <br />c ent for del.very and payment and (b) a signature certificate said receipt, in accor- <br />dance with th tcli:ls of said letter, and to take such other actions" as may be required <br />to co: ;:.,�lcte Q.e delivery transaction in accordance with the terms of the letter to the <br />payinZ agent. <br />Section The Local issuing Agency-hereby authorires.the Government to pay to <br />any purchaser of the Notes a placement fee as compensation for services required in <br />placing the N teso <br />Section U. This Resolution shall take effect irrcmediatelyo <br />? :. rv: 12 o KJ p . G3 at t - ReS ',. yve -nS a» 00 r `GI ant CO m C <br />KO <br />„ d a _h D.-,;..s W.n• at 1246 County—City =.yC::a <br />_ �p n <br />.....''.7 ::°�. z: aJe ..00a Blvd., South Land, ."f.1..'�;."?•.c:�a�'a 66o on A�:9a". rua` ry 20, .}o9 0. <br />CITY Or SOUTH BEND <br />DEPI:RTMINT Or RED;?VELOFMEN.T <br />e n. J. ?di helm, Presicin <br />ATTEST: <br />Rev. Willie V ` Williams' Secretary <br />SEAL <br />a <br />