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Authorizing Issue its Economic Development Revenue Bonds (GEM Partnership Project) $1,000,000.00
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Authorizing Issue its Economic Development Revenue Bonds (GEM Partnership Project) $1,000,000.00
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3/18/2013 3:45:14 PM
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3/18/2013 3:45:13 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
8/5/1985
Ord-Res Number
7501-85
Bill Number
89-85
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Section 8. The Mayor and Clerk of the City are <br /> authorized and directed to execute and deliver the <br /> aforementioned documents for and on behalf of the City after <br /> making therein such changes permitted by the Act as they deem <br /> necessary or proper, as evidenced by their execution of such <br /> documents, and are further authorized and directed to execute <br /> and deliver such other documents for and on behalf of the City, <br /> and to take such other actions for and on behalf of the City, as <br /> they deem necessary or proper in connection with the <br /> consummation of such financing . The Mayor and the Clerk of the <br /> City are authorized to arrange for the delivery of said Economic <br /> Development Revenue Bonds to American Fletcher National Bank, <br /> payment for which will be made to the Trustee for the account of <br /> the City. <br /> Section 9. The provisions of this ordinance and the <br /> aforementioned documents shall constitute a contract binding <br /> between the City and the holders of said Economic Development <br /> Revenue Bonds, and after the issuance of said Economic <br /> Development Revenue Bonds this Ordinance shall not be repealed <br /> or amended in any respect which would adversely affect the <br /> rights of said holders so long as any of the principal of said <br /> Economic Development Revenue Bonds or the interest thereon <br /> remains unpaid. <br /> Section 10 . All ordinances or parts of ordinances in <br /> conflict herewith are hereby repealed. <br /> Section 11. This ordinance shall be in full force and <br /> effect from and after its passage by this Council and its <br /> signature by the Mayor of the City. <br /> SOUTH BEND COMMON COUNCIL <br /> °1 �q <br /> , -m•er <br /> 1st READING 7'.•?• —a'J� <br /> PUBLIC HEARING Xe—S- <br /> 2nd READING t¢-s rex" <br /> NOT APPROVED 4. <br /> REFERRED <br /> PASSED &—S- 8s, u.0 a,,, .,, <br />
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