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Section 2 . This Council further finds that the pro- <br /> posed economic development revenue bond financing of such <br /> facilities will be of benefit to the health and welfare of the <br /> City and its citizens . <br /> Section 3 . This Council further finds that the pro- <br /> posed economic development revenue bond financing of such <br /> facilities complies with the purposes and provisions of the Act . <br /> Section 4 . This Council hereby approves the proposed <br /> economic development revenue bond financing of such facilities, <br /> including (i) the form and terms of the aforementioned Loan <br /> Agreement, Mortgage and Security Agreement, Promissory Note, <br /> Economic Development Revenue Bonds and Trust Indenture attached <br /> hereto and incorporated herein by reference (two (2) copies of <br /> which are on file in the Office of the Clerk of the City for <br /> public inspection) , (ii) the issuance and sale of said Economic <br /> Development Revenue Bonds, (iii) the loan of the net proceeds <br /> of said Economic Development Revenue Bonds to the Company for <br /> the acquisition and construction of such facilities, such loan <br /> to be evidenced by said Promissory Note, (iv) the repayment of <br /> said loan by the Company pursuant to said Loan Agreement, <br /> Mortgage and Security Agreement, and said Promissory Note, and <br /> (v) the securing of said Economic Development Revenue Bonds by <br /> said Loan Agreement, Mortgage and Security Agreement and said <br /> Trust Indenture. <br /> Section 5 . The City shall issue its Economic Develop- <br /> ment Revenue Bonds, Series 1985 (Stanz Realty Company, an <br /> Indiana Partnership Project) , in the aggregate principal amount <br /> -3- <br />