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approving the form and terms of the Loan Agreement, Indenture of <br /> Trust, and Bonds, and further approving this form of Ordinance, <br /> authorizing the execution thereof, and further finding that such <br /> economic development facilities will not have an adverse competitive <br /> effect on similar facilities already constructed and operating in <br /> the City of South Bend, Indiana. <br /> NOW, THEREFORE, BE IT ORDAINED BY THE Common Council of the City <br /> of South Bend, Indiana, that: <br /> Section 1. The form and terms of the Loan Agreement, Indenture <br /> of Trust, and Economic Development Revenue Bonds pertaining to the <br /> Matthew R. and Lynn H. Dee Project and the issuance of the Economic <br /> Development Revenue Bonds pursuant thereto are hereby approved and <br /> adopted. <br /> Section 2 . Said forms of Indenture of Trust and Loan Agreement, <br /> together with the Note and Mortgage attached as an exhibit thereto, <br /> and the Economic Development Revenue Bonds which are on file with the <br /> Commission, are hereby incorporated by reference into this Ordinance, <br /> and said forms shall be inserted into the minutes of the Common Council <br /> of the City of South Bend, Indiana. <br /> Section 3 . Said Loan Agreement and Indenture of Trust shall be <br /> executed on behalf of the City of South Bend, Indiana, by the Mayor <br /> and City Clerk of South Bend, Indiana, and sealed with the corporate <br /> seal of such City. <br /> Section 4 . Said Economic Development Revenue Bonds, payable solely <br /> and only from the revenues derived from such Project pursuant to the <br /> aforementioned Loan Agreement and Indenture of Trust will not be in <br /> any respect a general obligation of the City, nor may the Bonds be paid <br /> -2- <br />