Issue its Economic Development Revenue Bond (Automatic Real Estate Project) $750,000.00 (Automiatic Equipment Project) $2,250,000.00

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the rate of seventy-five per cent (75%) of the prime rate published by Citibank, N.A. , New York, New York, but one per cent (1%) in excess of the Citibank prime rate after maturity or default, ad- justed monthly on the first business day of each month, and be the denomination of Two Million Two Hundred Fifty Thousand Dollars ($2, 250, 000. 00) ; shall be issued in registered form; shall be regis- trable as provided therein; shall be payable in the medium and at the place or places provided therein; and shall be subject to optional and mandatory prepayment as provided therein. Section 6 . The Mayor and/or the Clerk of the CITY are authorized and directed to sell said Economic Development Revenue Bonds to St. Joseph Bank and Trust Company at a price not less than one hundred per cent (100%) of the principal amount thereof, plus accrued interest. Section 7 . The Mayor and the Clerk of the CITY are authorized and directed to execute and deliver the aforementioned documents for and on behalf of the CITY after making therein such changes permitted by the Act as they deem necessary or proper, as evidenced by their execution of such documents, and are further authorized and direct to execute and deliver such other documents for and on behalf of the CITY and to take such other actions for and on behalf of the CITY as they deem necessary or proper in connection with the consummation of such financing. The Mayor and the Clerk of the City are authorized to arrange for the delivery of said Economic Development Revenue Bonds to St. Joseph Bank and Trust Company, pay- ment for which will be made to the Trustee of the account of the CITY. Section 8 . The provisions of this Ordinance and the aforementioned documents shall constitute a contract binding between the CITY and the holders of said Economic Development Revenue Bonds,