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Section 3, The Local. Public Agency hereby ratifies and approves the form <br />of the p oposal hereinafter in this Section 3 enumerated, for the purchase of the <br />designated principal amount of the New Preliminary Loan Notes, which proposal the <br />Local Public Agency hereby determines will provide the lowest interest cost and <br />is therefore hereby'accepted, and said New Preliminary Loan Notes are hereby <br />awarded jo said purchaser) as follows; <br />�rincip <br />Amount <br />$1x166,Op0a.00 <br />Sect <br />of Aug <br />of sa <br />payable <br />payable <br />follows; <br />Interest <br />Rate Purchaser <br />1,88% St, Joseph Hank and Trust Company <br />Michigan and Jefferson Streets <br />South Bend* Indiana <br />ion 4. Each such note shall be dated the 20th- day of _- <br />�t , 19 g shall be designated "Preliminary Loan Note "; shall. <br />as o' both px ipal and - interest, to bearer, on the dray <br />1964 ; and, pursuant to the proposal for the purchase <br />)tes, ere na ove accepted, shall bear the rate of interest per annum, <br />t maturity, shall bear the numbers, be in the denominations, and be <br />3 to both principal -.and interest at the bank or trust company, as <br />3 °- <br />Interest <br />Purchaser <br />Number <br />Denominations <br />Rate Payable At <br />St. Joseph Biuik <br />and <br />1«-11 <br />$100,x000 <br />1,88% St. Joseph Bank and <br />Trust Compmy <br />12 <br />50x000 <br />Trust Company <br />Michigan and <br />Jefferson <br />13 <br />10too0 <br />Michigan & Jefferson <br />Sts, <br />14 <br />5,000 <br />Streets <br />South Benda <br />Indiana <br />15 <br />1x000 <br />South Bend, Indiana <br />3 °- <br />