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as permitted by law. Such warrants shall be dated as of the date or <br /> dates of delivery of such warrants. The warrants shall mature and be <br /> payable on December 31, 1991. Warrants will bear interest at a rate <br /> or rates not to exceed eight percent ( 8%) per annum on any amounts <br /> not paid at maturity. Such warrants, including interest and all <br /> necessary costs incurred in connection with the issuance and sale of <br /> such warrants, shall be payable from the Park Maintenance Fund and <br /> there is hereby appropriated and pledged to the payment of such <br /> warrants, including interest and all necessary costs incurred in <br /> connection with the issuance and sale of such warrants, a sufficient <br /> amount of the current revenues to be received in the Park Maintenance <br /> Fund from the distribution of taxes to the Park Maintenance Fund on <br /> or before December 31, 1991, for the actual payment of the principal <br /> of and interest on such warrants evidencing such temporary loan,. <br /> together with such issuance costs, with the amount of interest on <br /> such warrants computed from the date or dates of such warrants to the <br /> date of maturity, at the interest rate or rates agreed to by the <br /> authorized purchaser or purchasers of such warrants. <br /> Section 3 . The tax anticipation time warrants issued hereunder <br /> with respect to the General Fund and the tax anticipation time <br /> warrants issued hereunder with respect to the Park Maintenance Fund <br /> are referred to herein collectively as the "Warrants" . All Warrants <br /> shall be executed in the name of the City by the original or <br /> facsimile signature of the Mayor of the City, countersigned by the <br /> City Controller, and the corporate seal of the City or a facsimile <br /> thereof shall be affixed thereto or printed thereon and attested by <br /> the original or facsimile signature of the City Clerk. All Warrants <br /> shall be payable at the office of Society Bank, Indiana, 202 S. <br /> Michigan, South Bend, Indiana 46601, as Paying Agent, or any <br /> appointed successor Paying Agent upon presentation on or after their <br /> maturity date. <br />