9846-08 Authorizing the Mayor and Controller to make temporary loans to meet current operating expensesof various funds

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This Warrant is issued in anticipation of the tax levy which has been made for the Fund in the year 2007, which tax levy is now in the course of collection. There has been irrevocably appropriated and pledged to the payment in full of the principal of and interest on this Warrant a sufficient amount of the revenues to be derived from the Fund tax levy. This Warrant is prepayable on any date at the option of the City, in whole or in part, upon seven day's written notice to the holder hereof to be paid at a price equal to one hundred percent (100%) of the principal amount to be prepaid plus accrued interest thereon to the date of prepayment, and without premium. It is further hereby certified, recited, and declared that all acts, conditions, and things required by law precedent to the issuance and execution of this Warrant have been properly done, have happened, and have been performed in the manner required by the constitution and statutes of the State of Indiana relating thereto; that the Fund tax levy from which (together with other amounts in the Fund) this Warrant is payable, is a valid and legal levy; and that the City will reserve a sufficient amount of the proceeds of the Fund tax levy currently in the course of collection for the timely payment of the principal of and interest on this Warrant in accordance with its terms. IN WITNESS WHEREOF, the City of South Bend, in the County of St. Joseph, State of Indiana, has caused this Warrant to be executed in its corporate name by the Mayor of the City of South Bend, Indiana, countersigned by the City Controller of the City of South Bend, Indiana, and its corporate seal to be hereunto affixed and attested by the City Clerk of the City of South Bend, Indiana, all as of the day of , 2008. CITY OF SOUTH BEND, INDIANA By: Mayor COUNTERSIGNED: (SEAL) ATTEST: City Clerk City Controller [End of Form of Warrant] Section VIII. The City Controller is hereby authorized and directed to have the Warrants prepared, and the Mayor, the City Controller, and the City Clerk are hereby authorized and directed to execute all Warrants in the manner and substantially the form provided in this Ordinance. Section IX. The City Controller is hereby authorized to deliver the Warrants to the Purchaser, upon receipt from the Purchaser of payment in accordance with the terms of the Warrant Purchase Agreement. BDDBOI 5241543v1 - 5 -