1991-10-13 Resolution 44 - Laserfiche WebLink

Home Browse Search

~. SOUTH BEND REDEVELOPMENT AUTHORITY TAXABLE LEASE RENTAL. REVENUE BONDS (Coveleski Stadiutt~ Refunding) BOND PURCHASE CONTRACT November 13, 1991 South Bend Redevelopment Authority South Bend, Indiana 46601 Gentlemen: The undersigned, BANC ONE CAPITAL CORPORATION and BANK ONE, INDIANAPOLIS, NA (collectively referred to as the "Underwriter"), offers to enter into the following agreement with the South Bend Redevelopment Authority (the "Authority") which, upon acceptance by the Authority, will be binding upon it and the Underwriter. Certain terms used in this Bond Purchase Contract are defined by provisions in the Trust Agreement to which reference is made. This Bond Purchase Contract is hereinafter referred to as the "Contract." 1. Purchase and Sale. Subject to the terms and conditions and upon the basis of the representations, warranties and agreements set forth herein, the Underwriter hereby agrees to purchase from the Authority, and the Authority hereby agrees to sell and deliver to the Underwriter, all but not less than all of the $ aggregate principal amount of South Bend Redevelopment Authority Taxable Lease Rental Revenue Bonds (Coveleski Stadium Refunding) (the "Bonds"). The Bonds will be dated the first day of the month in which they are originally delivered, and will have the maturities and bear interest at the rates per annum as set forth on the cover of the Official Statement (as hereinafter defined). The purchase price for the Bonds will be $ (representing in the aggregate an Underwriter's discount of $ from the aggregate principal amount of the Bonds, plus accrued interest from the dated date of the Bonds). The Bonds will be issued under and secured by a Trust Agreement dated as of November 1, 1991 (the "Trust Agreement"), between the Authority and Norwest Bank Indiana,, N.A., South Bend, Indiana, as Trustee (the "Trustee"). The Bonds are more fully described in the Trust Agreement, the Preliminary Official Statement and the Official Statement (each as hereinafter defined). The proof of the Official Statement of the Authority relating to the Bonds, together with the cover page and all attachments and appendices thereto, is designated herein as the "Official Statement." Such document in the form approved by the Authority on October 31, 1991, is designated herein as the "Preliminary Official Statement.° 2. Offering. The Underwriter agrees to make a bona fide public offering of all of the Bonds at prices not in excess of the initial public offering prices set forth on the cover page of the Official Statement. The Authority hereby ratifies the distribution of the Preliminary Official Statement and authorizes the Official Statement and other documents above to be used in connection with the public offering and sale of the Bonds. The Underwriter agrees, in connection with the sale of Bonds by the Underwriter, that it will not confirm the sale of any Bonds unless the confirmation of sale is accompanied or preceded by delivery of a copy of the Official Statement.