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• t <br /> 1 <br /> tecst',bot of making a temporary loan for the Park Maintenance Fund; <br /> and <br /> WHEREAS, a necessity exists for the making of temporary loans <br /> evidenced by tax anticipation time warrants for the City's General <br /> Fund, the City's Park District Bond Fund and the City's Park Main- <br /> tenance Fund, in anticipation of the receipt of current revenues for <br /> each such Fund actually levied and in the course of collection for <br /> the year 1988; and <br /> WHEREAS, the Common Council seeks to authorize the issuance of <br /> such tax anticipation time warrants with respect to each such Fund <br /> and the sale of such warrants pursuant to the provisions of Indiana <br /> Code 36-4-6, subject to and dependent upon the terms and conditions <br /> hereinafter set forth. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE SOUTH BEND COMMON COUNCIL <br /> AS FOLLOWS: <br /> Section 1. The City is hereby authorized to make a temporary <br /> loan to meet current expenses pursuant to the provisions of Indiana <br /> Code 36-4-6 for the use and benefit of the General Fund of the City <br /> in an aggregate principal amount not to exceed Five Million Two <br /> Hundred Thousand Dollars ($5 , 200, 000) , plus accrued interest as <br /> stated below, in anticipation of current tax revenues actually levied <br /> and in the course of collection for such Fund for the year 1988, <br /> which loan shall be evidenced by tax anticipation time warrants of <br /> -4- <br />