Authorizing the Issuance of $985,000.00 Economic Development Revenue Bonds Center City Housing Project

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conditions provided in the Indenture and the Agreement. All Additional Bonds shall be of the same rank as the original Bonds, but shall bear such date or dates, bear such interest rate or rates, have such maturity dates, redemption dates and redemption premiums, and be issued at such prices as shall be approved in writing by the City and the User. Prior to the issuance, sale or delivery of any such Additional Bonds, the Common Council shall adopt and approve an appropriate resolution or resolutions and ordinance or ordinances authorizing execution and delivery of a supplement to the Agreement and a Supplemental Indenture and the issuance of such additional Bonds. Section 7. Sale of the Bond: The Mayor and the Clerk of the City are hereby authorized and directed to sell the Bonds at a price of par, plus accrued interest from the date of the bonds to the date of delivery and payment therefore. Section 8. Indenture: In order to secure the payment of the principal of and interest on the Bonds, the Mayor and Clerk shall execute, acknowledge and deliver in the name and on behalf of the City, an Indenture of Trust, herein identi- fied as and called the "Indenture ", in the final form submit- ted to the Common Council, which is hereby approved in all respects; and the Clerk is hereby directed to insert a copy thereof in the form submitted to this meeting and approved hereby, in the'minutes of this Common Council and to certify thereon that the same is the form of Indenture so submitted to this Common Council and approved by this Bond Ordinance and identified herein as the Indenture and to keep such Indenture on file. Said Indenture contains provisions authorized and permitted by the Act, and this Bond Ordinance shall constitute a part thereof as therein provided and for