1991-11-15 Resolution 46 - Laserfiche WebLink

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i ~ERWRITij`T~ Thee Bonds are being purchased for reoffering by the Underwriter, Banc One Capital Corporation (the Underwriter") at a purchase price of 54,247,900 {excluding accrued interest). The Underwrite: intends to offer the Bonds to the public at the offering prices set forth on the cover page of .this Official Statement. The Underwriter way allow concessions to ceztain dealers (including dealers in a selling group of the Underwriter anti other dealers depositing the Bonds into investment trusts), who may rcalbw concessions to other dealers. After the initial public offering, the offering price maybe varied from Limo to time by the Underwriter. LSAT, MATTERS Legal metiers incident to the authorisation and issuance of the Bands are subject to the unqualified approving opinion of Baker & Daniels, South Bend, Indiana, Bond Counsel. Copies of such opinion will be made available by the Authority at the time of the delivery of the Bonds and will be printed on each Bond, A form of rho legal opinion can be found in Appendix b of this Official Statement. Certain matters will bt passed upon for the Redevelopment Authority and the Redevelopment Commission by the Attorney for the City o£ South Bend, Indiana, and for the Underwriter by Barnes & Thornburg, Indianapolis, Indiana. ITIGATI N At the font of delivery of the Bonds, the Redevelopment Authority will certify that there is no litigation or other proceedings ptndiag or, io the 3aiowledge of the Redevelopment Authority, threatened in any court, agenry or other administrative body restraining or contesting the issuance of the Bonds or in any way affecting the validity of .any provisions of the Bonds. As of the date. of this QfS.ois1 Statement, legal counsel for the Authority, to the best of his knowledge, is aware of no meritorious litigation pending against the Authority wherein an unfavorable decision or decisions would result in an award or awards which would, separately or collectively, adversely affect in a material manner the financial eondirion of the Authority. MISCEL7 ANEnUS The references, excerpts anti summaries of all documents referred to herein do not purport to be complete statements of the provisions of such documents, and reference is directed to all such documents for full and ' complete statements of all matters of fact relating io the Bonds, the security for the payment of the Bonds and the rights and obligations of tht owners thereof. Copies of the Trust Agreement, the Lease and the Escrow-- -__ -- Ageement may be obtained from the Redevelopment Authority at ].200 City-County Building, ??7 Wit Jefferson Boulevard, South Bend, Indiana 4b60L The Redevelopment Authority has made no provision to provide any annual financial statements or other Credit information to investors on a periodic basis. This Official Statement is submitted in connection with the sale of securities as referred to herein, and may not be reproduced or be used, in whole oz part, for any other purpose. The delivery of this Official Statement at any time does not imply that information h/.rein is correct as of any time subsequent to its dart. r~ U -b-