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fanmmtttu Report <br /> au the Town= faouncil of the fair of fbuu#h Brad: <br /> Your Committee of the Whole <br /> to whom was referred <br /> BILL NO. <br /> 89-85 A BILL AUTHORIZING THE CITY OF SOUTH BEND, INDIANA (THE <br /> "CITY" ) , TO ISSUE ITS ECONOMIC DEVELOPMENT REVENUE BONDS, <br /> SERIES 1985 (GEM PARTNERSHIP, PROJECT) , IN THE AGGREGATE <br /> PRINCIPAL AMOUNT OF ONE MILLION DOLLARS ($1,000 , 000. 00 ) AND <br /> APPROVING AND AUTHORIZING CERTAIN ACTIONS WITH RESPECT <br /> THERETO. <br /> Respectfully report that they have examined the matter and that in their opinion <br /> This bill should be recommended to the Council favorable , as amended <br /> by substitution of a new bill. and the substitute was amended <br /> on page 3 to read 20 years callable at the option of the bondholder at <br /> the end of year 10 at a rate based on the prime rate of American Fletcher <br /> National Bank, Indianapolis, Indiana, which rate shall not exceed <br /> Joseph T. Serge <br /> Chairman <br /> FREE PRESS akea. PUBLISHING CO. <br />