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F. <br />1kZ50 ..T1U lff01f9 MO.. 7L3 <br />OLUTION OF THE SO U T Ii B E N D REDEVELOPMENT COMMISSION, <br />GO ERNING BODY OF THE CITY OF SOUTH BEND, DEPARTMENT OF <br />REr E VE:L,OPMENT, A U T H L R: R I N G THE ISSUANCE OF C E R T A I N <br />s <br />PROJECT TEMPORARY LOAN NOTES IN CONNECTION WITH URBAN <br />SEC <br />(hen <br />and <br />A L PROJECT NO. INDIANA R- 7 AND PROVIDING F O R T H E <br />FOR THE PAYMENT THEREOF, AND FOR OTHER PURPOSES. <br />WHEREAS the City of South Bend, Department of Redevelopment <br />An sometimes called the "Local Public Agency "), is duly authorized <br />)roposes to undertake and carry out a certain urban renewal or rede- <br />velo ment project of the character authorized by law with financial aid by <br />the nited States of America (herein sometimes called the "Government ") <br />in the form of a Project Temporary Loan under Title I of the Housing Act <br />of 1949 (Public Law 171 - 81st Congress, approved July 15, 1949), as <br />ame ded, which may be made by the Government to the Local Public Agency <br />with respect to the Project in accordance with a Contract for a loan and <br />\ _af <br />grant by and between the Local Public Agency and the Government; and <br />WHEREAS, in order to enable the Local Public Agency to obtain such <br />financial aid, it is necessary for the Local Public Agency to authorize and, <br />from time to time, issue certain obligations as hereinafter provided: <br />NOW, THEREFORE, BE IT RESOLVED by the South Bend Redevel- <br />opment Commission, Governing Body of the City of South Bend, Department <br />of Redevelopment, as follows: <br />Section 1. That in order to provide funds to enable the Local Public <br />Agen y to defray expenses and costs in connection with the undertaking and <br />Carr ing out of the Project, and to refund, renew, extend, or substitute <br />for <br />r Project Temporary Loan Notes by this Resolution authorized to be <br />- 3- <br />