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Section XI. The City hereby covenants that the City and its officers shall not take any action <br />of fail to take any action with respect to the proceeds of any of the new Warrants or any investment <br />earnings thereon which would result in constitution any of the Warrants as "arbitrage bonds" under <br />the Code and any and all final or proposed regulations or rulings applicable thereto, or which would <br />otherwise cause the interest on any of the new Warrants to cease to be excludable from gross income <br />for purposes of federal income taxation; and the City Controller and all other appropriate officers <br />are hereby authorized and directed to take any and all actions and to make and deliver any and all <br />reports, filings, and certifications as may be necessary or appropriate to evidence, establish, or ensure <br />such continuing exclusion of the interest on the new Warrants. <br />Section XII. All resolutions and ordinances in conflict herewith are, to extent of such <br />conflict, hereby repealed. <br />Section XlII. This Ordinance shall be in full force and effect from and after the time it has <br />been adopted by the Common Council, approved by the Mayor, and otherwise executed and <br />delivered in accordance with any and all laws pertaining thereto. <br />~~ ~ <br />ember, South Bend Co mon Council <br />Attest• <br />Cl k <br />Presented by me to the Mayor of the City of South Bend, Indiana on the a ~~. day of <br />~~3'.-m~ , 2 ~d , at 10 ~ S 0 o'clock C .. m. <br />I - cu~~ <br />c.~.., <br />~p~ City Cl <br />Approved and signed by me on the ~~ day of /tai-v , 2r-~ , ata: ~~'clock <br />~. m. <br />.~ ~~~. ~ ~ <br />Mayor, City of uth Bend, Indiana <br />1 sr READING ~ 0-l ~-O`-' <br />PUBL{C HEARING L~-~`~~~ <br />3 rd READING ~ `_g.~`-~ <br />NOT APPROVED <br />REFERRED <br />PASSED \ ~ $- O`~ <br />-6- <br />Fated In GE~~t~°4 C~£~-; ~ <br />OCT - V ~Zcx~~ <br />JGrIP! 4'vti:-~-E <br />