Construction of Additions and Improvements to the Sewage Works Bonds

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Signature Guaranteed: NOTICE: Signature(s) must be guaranteed by a member firm of the New York Stock Exchange or a commercial bank or trust company. Section 7. The City Controller is hereby authorized and directed to have the Series 1989 Bonds prepared. After said Series 1989 Bonds have been properly executed, the City Controller shall deliver the same to the Treasurer of St. Joseph County, ex officio Treasurer of the City of South Bend, and shall take his receipt therefor, and upon the consummation of the sale of said Series 1989 Bonds the City Controller shall certify to the Treasurer the amount which the purchaser is to pay for the same together with the name and address of the purchaser ; thereupon, the Treasurer shall be authorized to receive from the purchaser the amount so certified by the Controller, and to deliver the Series 1989 Bonds to such purchaser and take the purchaser ' s receipt for the Series 1989 Bonds. The amount to be certified by the Controller and collected by the Treasurer shall be the full amount which the purchaser has agreed to pay therefore, which shall not be less than Ninety-Seven and Five Tenths per cent (97.5%) of the face value of said Series 1989 Bonds, plus accrued interest from the date thereof to the date of delivery. If the Treasurer of St. Joseph County is not available, then the Controller shall deliver the Series 1988 Bonds to the purchaser, and deliver the proceeds to the Treasurer of St. Joseph County. The Controller and the Treasurer of St. Joseph County shall then report the proceedings to the Common Council of the City. The Series 1989 Bonds herein authorized, when fully paid for and delivered to the purchaser, shall be binding special revenue obligations of the City, payable out of the revenues of the City's sewage works to be set aside into the Sewage Works Sinking Fund as herein provided, and the proceeds derived from the sale of said Series 1989 Bonds shall be and are hereby set aside for application to the cost of acquisition and construction of the Improvements and the expenses necessarily incurred in connection therewith and on account of or in connection with the issuance of said Series 1989 Bonds. The proper officers of the City are hereby directed to do all acts and things which may be necessary to carry out the provisions of this Ordinance. Section 8. Prior to the sale of said Series 1989 Bonds the City Controller shall cause to be published a notice of such sale two (2) times at least one week apart in the South Bend Tribune and The Tri-County News published in the City of South Bend, Indiana, the first publication made at least fifteen (15) days before the date of the sale, and the second publication made at least three (3) days before the date of the sale. Said notice, or a summary of the terms thereof, may be published in The Indianapolis Commercial, published in Indianapolis, Indiana and The Bond Buyer, published in New York, New York and/or other newspapers at the discretion of the Controller. The bond sale notice shall state the time and place of sale, the character and amount of the Series 1989 Bonds, the maximum -16-