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P' <br />i <br />H -3G30a <br />(5 -61) <br />RESOLUTION #65 <br />ITI,SOTLUI'ION AUTFIORIZIIIG TIir SALE. ISSUANCE', AND DELIVrMY <br />OF PIITLIMINARY LOAN NCYI'E i IN TIIL AGGREGA`T'E PRIDICTPAL <br />AMOUIIT OP' 1,166r 000 «00 , TIE E'/'T1!CTJT'ION Or <br />RT'QUI3ITION AGPJ_111t1HIT NO. 3 , AND TIM ,XTCi1TIOM <br />,AI-FD PELIVEMY OF PROJECT ' TT; %IPORAI Y I OAN, �d(YI']?, N0, tom. , <br />IN CONTTF,,CTION WITH PROJIaCT I40. <br />1 <br />W1 1REAS,, City of South Rendg Department of Redeveia4diatein <br />called Lhe "Loca. Pu ]. _c cncy has entered into a contract dated as of the <br />17tH -.y of Au ust , 1960, numbered Contract No. IND. R-�7 (LG) , <br />which, together 1 any supplements thereto or amendmcn -tl s, m d'i..C_icr:i�. or 1r; <br />waivers of any provisions thereof, is herein called the "'Loan and Grant <br />Contract"), with the United' States of America ( herein called Mlle "Government") <br />acting y and through the Ilousing and Home Finance Administrator, providing) in <br />part, f r a Project Temporary Loan by the Government to the Local Public:Ageney <br />under Title I of the Housing Act of 1949 (Public Law 171 - 81st Congress) <br />approvel July 15, 1949), as amended, in an amount outstanding at any one time <br />not to axceed '$ 21527; 500;00 to aid the .Local'Public Agency in its <br />undertaking and carrying out of a certain slum clearance and urban <br />redevel pment project (herein called the "Project ") designated Project <br />No, Ina R..7 , which is more fully identified in the Loan and Grant <br />Contract; and <br />WHEMAS, the Government has agreed, pursuant -to Requisit n Agreement <br />No. 2 with the Local Public Agency dated as of the S-t day of <br />Au u t , 19 62 (herein called the "Outstanding Requisition <br />reeme t , to make a payment on account of said Project Temporary Loan on the <br />23rd day of August , 19 63, which Project Temporary Loan <br />payment has been pledged for the payment of the principal of and interest upon <br />the Pre iminary Loan Notes ( Second SeriesA of the Local Public Agency which <br />mature Dn the . 23rd day of August , 19 63, and. are herein called <br />the " Out standing Pre iminary Loan Nis a <br />REAS, pursuant to advertisement for the receipt of proposals for the <br />purchas of the Third SerieqLof Preliminary Loan Notes (herein sometimes <br />called 'New Preliminary Loan Notes ") of the Local Public Agency aggregating <br />$1,166t000.00 , which appeared in' a Notice of Sale published in the <br />19 , issues of the <br />in the City of <br />and in the � IV 16 , 19 63 <br />issue oC the Daily Bond Buyer in the City of New York, proposals for -the purchase <br />of said New Preliminary Loan Notes in the form approved by the Local Public <br />Agency were received; opened, and canvassed at the time and place mentioned in <br />- 1 - <br />