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said adve <br />in the Ci <br />-tisement,.. to wit---. At 129 West Colfax Avenue <br />y of South Bend- , Indiana , at <br />o'cloe , . ., ..T., Ju y r l9 63, <br />bsals are -as--follows: <br />Name of Wder ° <br />Morgan Guara ty Trust Co, of New York <br />New York 15, New York o <br />Chemical Ban New York Trust Company <br />New York, Ne York <br />The First, Na ional City Bank and Barrk of <br />America <br />N.T.&S,.A.:4 N w Ydrk -15, New York <br />Continental llinois National Bank and <br />Trust Comp y of'Chicago <br />Chicago, 111'nois <br />Interest Principal <br />Rate Amount Premium <br />2.0/ $It166ro00 $54.00 <br />1.97/ $1;166,000 47,00 <br />1,97%. $lo166,OQQ 58.00 <br />1.,.96% $l o 166, QQQ 13.00 <br />St Joseph B and Trust Company 1,88• 1, 166,x000 -40- <br />SoutlFiendx 1ndiana <br />WHERIKAS, the interest cost at which the Local Public Agency can sell the <br />New Preliminary Loan Notes is substantially lower than the interest rate which <br />the Government is required to charge the Local Public Agency under the terms of <br />the Loan and Grant Contract, and the Government is desirous of cooperating with <br />the Local Public Agency in its endeavor to sell said New Preliminary Loan Notes <br />in order Jo reduce carrying charges and other costs of the Project: <br />BF lid' RESOLVED BY The City of South Bend R develgpment Commission <br />AS F OWS: <br />Sect Ed n 1. The aforesaid publication of the Notice of Sale and the form <br />and conte s ereof as so published are hereby, in all respects, approved, <br />ratified confirmed. <br />Section 2. In order,to provide funds to defray expenses incurred or to be <br />incurr-e-d-i-n-tHe Local Public Agency's undertaking and carrying out of the <br />Project, or to retire, refund, renew, or extend its outstanding notes issued in <br />connection-therewith, the Local Public Agency hereby determines to'borrow the <br />sum of 1-1-on Hundred SixtX Six 'Thousand - -- - ---- <br />- ----- -- --- *- *-•-�- Dollars $ ., , , and issue its <br />nego s New Pre un nary Loan Notes therefor in--aggregate principal amount <br />equal to said sum. <br />- 2 - <br />