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St <br />nd shFrl1 <br />the Gover <br />Form H-30 80 (Contad) <br />(6 -59) <br />be valid until said statement is duly executed on behalf. of <br />_ <br />Said Project Temporary Loan Not h bbe d livered by by the Treasurer cl <br />_g r � <br />to <br />xQ overnm t o e e1 an a._d for by ---fie Government in Faccor <br />the terms and conditions contained in said Requisition Agreement. <br />Section 6. The proceeds derived .From the sale of the Preliminary Loam <br />Notoo, toget er with such amount of other appropriate funds of the Local. <br />Public Agency as may be necessary, shall be applied, simultaneously with the <br />receipt of said proceeds, as follows: <br />Se <br />au'thorIzet1 <br />for the Pre: <br />Instruction <br />Preliminary <br />accordance <br />: To the payment and discharge of the principal of <br />and interest on the follovring Project Temporaay <br />Loan Notes of the Local Public Agency :Issued <br />pursuant to the Loan and Grant Contract and held <br />or to be held by the Government for its own use <br />and benefit on the date of the Preliminary Loan <br />Notes herein authorized: <br />Nom Date <br />1 9« -19 -63 <br />Principal <br />Amotmt <br />$100 000 <br />-1ond: Any balance of such proceeds shall be deposited <br />�_.._. in the appropriate account or fund established <br />pursuant to the Loan and Grant Contract and shall <br />be used only .1i accordance with the provisions of <br />the Loan and Grant Contract. <br />Officio Treasurer of the City, of South Bend <br />9. TheTreasurer of St. Joseph County ex/ is hereby <br />Td directed to send immediately a letter to each paying agent <br />Lminary Loan Notes in substantially the form of the Letter of <br />hereto attached and marked Exhibit "B" and to transmit the <br />Loan Notes to said paying agent for delivery and payment in <br />ith the terms of said letter. <br />10. This Resolution shall take effect immediately. <br />- 5 - <br />