Authorizing $1,550.000 Economic Development Technologies Corp Project

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The Project will be of the character and will accomplish the purposes provided by the Act, will increase job opportunities and retain existing jobs in South Bend, Indiana; and The. Issuer proposes to sell the revenue bond hereinafter authorized and designated "Economic Development Revenue Bond, Series 1984 (Clark Information Technologies Project)" upon a negotiated basis to Harris Trust and Savings Bank, Chicago, Illinois; Pursuant to the provisions of Section 103(k) of the Internal Revenue Code of 1954, as amended, a public hearing on the proposed plan of financing of the Project was held by the Economic Development Commission of the City of South Bend, Indiana, prior to the adoption of this Ordinance, pursuant to notice duly published in the South Bend Tribune on September 28, 1984 and in the Tri- County News on October 5, 1984, newspapers of general circulation in the City of South Bend, Indiana; NOW, THEREFORE, BE IT ORDAINED By the members of the COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA AS FOLLOWS: DEFINITIONS Section 1. The following words and terms as used in this Ordinance shall have the following meanings unless the con- text or use indicates another or different meaning or intent: "Act" means Indiana Code 36 -7 -12, as supplemented and amended. "Agreement" means the Loan Agreement dated as of November 1, 1984, by and between the Issuer and the Company, as from time to time supplemented and amended. "Assignment" means the Assignment and Agreement dated as of November 1, 1984, by and between the Issuer and the Bank, as from time to time supplemented and amended. "Authorized Company Representative" means such person at the time and from time to time designated to act on behalf of the Company by written certificate furnished to the Issuer and the Bank, containing the specimen signature of such person, signed on behalf of the Company by the president, any vice president, the treasurer or the secretary of the Company. Such certificate may designate an alternate or alternates. "Bank" means Harris Trust and Savings Bank, Chicago, Illinois, a banking corporation duly organized and validly -2-