No. 0049 sale, issuance, delivery of preliminary loan notes in aggregate principal amount of $1,375,000, execution of requisition agreement No. 2, execution/delivery of project temp. loan note No. 3 in connection with Project No. IND R-7

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Resolution No. 49 3. None of the New Preliminary Loan Notes shall be valid until after the bank or trust company at which it is payable shall have signed the agreement, appearing on each such note, to act as paying agent thereof. Each of the New Preliminary Loan Notes shall be signed in the name of the Local Public Agency by the Mayor of the City of South Bend and shall have the corporate seal of said City impressed thereon and attested by the Clerk of the City of South Bend thereof, and said officers are hereby authorized and directed to cause said notes to be properly executed. Section 5. Each of the New Preliminary Loan Notes shall be issued in substantially the form of the note hereto attached and marked "Exhibit A." No. whi and and the the to the the are Pro Mil des pr No th du Sa sh 19 M on Section 6. The Agreement entitled "Requisition Agreement 2" (herein sometimes called the "New Requisition Agreement "), ::h has been executed by the officers of the Local Public acy, and has been presented to and read before the meeting, the execution thereof, are hereby fully ratified, confirmed, approved. Said New Requisition Agreement, when executed by Government, is hereby declared to be and is hereby assigned he Local Public Agency for the benefit of the holder or tiers from time to time of the New Preliminary Loan Notes, and proceeds of the Project Temporary Loan Note executed pursuant Section 7 hereof are hereby irrevocably pledged, first, to payment, at maturity, of the principal of and interest on New Preliminary Loan Notes issued pursuant to this Resolution. Section 7. The Mayor and Clerk of the City of South Bend hereby authorized and directed to prepare and execute the ject Temporary Loan Note, in the principal amount of One Lion Four Hundred Thirty Nine Thousand Dollars ($1,439,000.00), gibed in the New Requisition Agreement, the issuance of which heretofore been authorized by a certain basic Note Resolution tiding for the issuance of certain Project Temporary Loan �s in connection with Project No. Ind. R -7 and providing for security for the payment thereof, and for other purposes, r adopted by the Local Public Agency on the 4th day of .ist, 1960. note shall be designated "Project Temporary Loan Note "; 1 be numbered No. 3; shall be dated the 21st day of August, s shall bear interest from the date of the acceptance of Local Public Agency's delivery thereof and the payment efor by the Government, shall bear a statement at the foot eof in substantially the following forms livery of this note was accepted and payment therefor made the day of It 196 UNITED STATES OF AMERICA Housing and Home Finance Administrator By.