No. 0023 authorizing the issuance of certain project temp. loan notes in connection with urban renewal project No. INDIANA R-7 and providing for the security for the payment thereof and for other purposes

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(Resolution No. 23) Both the principal of and interest on this Note are payable at the pri�cipal office of the Local Public Agency in , in any coin or currency of the United Stales of America, which, on the date of the payment of the principal of interest on this Note, is legal tender for the payment of public and prig ate debts. This Note is issued pursuant to the provisions of (a) the Constitu- and laws of the inOuding particularly of I , (b) a Resolution duly adopted by the Local Public Agency on the day of 19 , providing for the issuance of Project Tem- po ary Loan Notes (herein called the "basic Note Resolution "); and (c) a Re olution likewise adopted on the day of , 19 pr viding for the issuance of this particular Note; and the proceeds hereof are to be used to defray expenses and costs involved'in the Local Public Ag +ncy's undertaking and carrying out of a certain urban renewal or re- development Project of the character authorized by said laws and designa- ted Project No. , which is more fully identified in the ba is Note Resolution. Said Project for which this Note is issued is being assisted by the United States of America pursuant to Title I of the Dousing Act of 1949 (Public Law 171 - 81st Congress, approved July 15, 1949, as d and supplemented) . Under the basic Note Resolution, there is established a separate special fund therein referred to as the "Project Temporary Loan Re- pa ent Fund" in which are required to be deposited certain moneys, the ein described, as and when the same are received by the Local Public Agi the the , and this Note, together with all other notes issued pursuant to basic Note Resolution, constitute, as to both the principal thereof and interest thereon, an exclusive first lien and charge upon said Fund - 5 -