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• <br /> • <br /> BILL NO. <br /> ORDINANCE NO. 7F6 /.-ke <br /> AN ORDINANCE APPROVING AN AMENDMENT TO THE <br /> INDUSTRIAL REVOLVING FUND OF SOUTH BEND, <br /> INDIANA TRUST AGREEMENT. <br /> STATEMENT OF PURPOSE AND INTENT: <br /> On June 9, 1975, the Common Council of the City of South Bend, <br /> Indiana, adopted an ordinance approving the Industrial Revolving Fund <br /> of South Bend, Indiana, Trust Agreement between the First Bank and <br /> Trust Company of South Bend, Indiana, as Trustee and the City of <br /> South Bend, Indiana, for the handling of funds granted to the City by <br /> the Economic Development Administration pursuant to Title IX of the <br /> Public Works and Economic Development Act of 1965, as amended. The <br /> Common Council now desires to approve an amendment to said trust <br /> agreement in order to permit the use of Industrial Revolving Fund <br /> monies in a designated area which lies outside the corporate limits <br /> of the City of South Bend, Indiana. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF <br /> SOUTH BEND AS FOLLOWS: <br /> SECTION I : The First Amendment to the Industrial Revolving Fund of <br /> South Bend, Indiana Trust Agreement, a copy of which is attached <br /> hereto and made a part hereof, is approved in its entirety. <br /> SECTION II: This Ordinance shall be in full force and effect from <br /> and after its passage by the Common Council and approval by the <br /> Mayor. <br /> Memb`: o the Common Council <br /> ORD/2 <br />