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• <br /> -3- <br /> payable solely from revenues and receipts derived pursuant to the <br /> terms of the Loan Agreement and Indenture of Trust. <br /> Section 4. The Resolution of the South Bend Ecomonic <br /> Development Commission passed on February 21, 1986, approving the <br /> assignment of the STC Recycling, Inc. Project Series B Bond to <br /> Boliden Metech, Inc. is hereby approved; and the Common Council <br /> of the City of South Bend hereby finds that the assignment of <br /> the economic development revenue bonds would be of benefit to the <br /> health and welfare of the City of South Bend and that it complies <br /> with the purposes and provisions of I .C. 36-7-12-1, as amended <br /> and supplemented. <br /> Section 5. This Ordinance shall be in full force and effect <br /> from and after its passage, due attestation and approval by the <br /> Mayor. <br /> ember of the f mon Council <br />