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]RES OIL,T[I7'II'I[ON IN O.. Z3 <br />LUTION OF THE S O U T Ii B E N D REDEVELOPMENT COMMISSION, <br />GOViRNING BODY OF THE CITY OF SOUTH BEND, DEPARTMENT OF <br />REDt VELOPMENT, A U T H. 0 R I Z I N G THE ISSUANCE OF C E R T A I N <br />PROJECT TEMPORARY LOAN NOTES IN CONNECTION WITH URBAN <br />RENE,WA L PROJECT NO. INDIANA R- 7 AND PROVIDING F O R T H E <br />SECURITY FOR THE PAYMENT THEREOF, AND FOR OTHER PURPOSES. <br />WHEREAS the City of South Bend, Department of Redevelopment <br />(henE in sometimes called the "Local Public Agency "), is duly authorized <br />and �roposes to undertake and carry out a certain urban renewal or rede- <br />nt project of the character authorized by law with financial aid by <br />the Ltnited States of America (herein sometimes called the "Government ") <br />in th� 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 />amended, which may be made by the Government to the Local Public Agency <br />with irespect to the Project in accordance with a Contract for a loan and <br />gran 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 />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 />:y to defray expenses and costs in connection with the undertaking and <br />earn ing out of the Project, and to refund, renew, extend, or substitute <br />for *y Project Temporary Loan Notes by this Resolution authorized to be <br />- 1- <br />