Regarding Issurance of economic development revenue refunding bonds Regency Place Project

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the preambles hereto and the documents mentioned herein) and the issuance and sale of the Bonds and securing of the Bonds. Section 15. No Personal Liability. No stipulation, obligation or agreement herein contained or contained in the Indenture, the Placement Agreement, the Loan Agreement, the Bonds or in any other agreement or document executed on behalf of the City shall be deemed to be a stipulation, obligation or agreement of any member of the Common Council, officer, agent or employee of the Common Council in his individual capacity, and no such member of the Common Council, officer, agent or employee shall be personally liable on the Bonds or be subject to personal liability or accountability by reason of the issuance thereof. Section 16. Action Approved and Confirmed. All acts and doings of the officers of the . City which are in conformity with the purposes and intent of this Ordinance and in the furtherance of the issuance of the Bonds and the execution, delivery and performance of the documents and agreements authorized hereby are in all respects approved and confirmed. Section 17. Severability. If any provision of this Ordinance shall be held or deemed to be illegal, inoperative or unenforceable, the same shall not affect any other provision or cause any other provisions to be invalid, inoperative or unenforceable to any extent whatsoever. Section 18. Repealer: Effective Date. Any ordinances, resolutions or orders or parts thereof in conflict with this Ordinance are to the extent of such conflict hereby repealed. This Ordinance shall take effect immediately upon its adoption by the Common Council and approval by the Mayor. Section 19. Inspection Copies. Two copies of the Indenture, Loan Agreement, Placement Agreement, Preliminary Placement Memorandum incorporated into this Ordinance were duly filed in the Office of the Clerk of the City and are available for public inspection in accordance with Section 36-1-5-4 of the Indiana Code. SOUTH BEND COMMON COUNCIL Mem6/er Filed in Clerk's Office 10845.1 a 5 — 1 st READING 1/- 9 PUBLIC HEARING / 9-9 a NOV 9 3 rd READING // NOT APPROVED IRENE GAMMON REFERRED //- 9—9 0{ , CITY CLERK,SO.BEND,IN. P.