Authorizing SAle of $3,000,000 Economic Development Revenue Bonds Beatrice Foods Co

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The Series 1983 Bonds shall be issuable in fully regis- tered form in denominations of $5,000 or any integral multiple thereof, shall bear interest until paid at the rate of 10 -1/2% per annum payable December 1 and June 1 of each year beginning June 1, 1984, and shall mature on December 1, 2013. Each Series 1983 Bond shall be dated December 1, 1983. Principal of and premium, if any, on the Series 1983 Bonds shall be payable at the principal office of the Trustee in South Bend, Indiana, and interest on the Series 1983 Bonds shall be paid by check of the Trustee as provided in the Indenture. The Series 1983 Bonds shall be executed by the facsimile signature of the Mayor and attested by the facsimile signature of the City Clerk, and the City Clerk shall cause the seal of the City to be impressed or imprinted thereon. The Series 1983 Bonds shall be in such form, shall have such redemption provisions, and shall be subject to such other terms and conditions as set forth in the Indenture. The Series 1983 Bonds and the interest thereon do not and shall never constitute an indebtedness of or a charge against the general credit or taxing power of the City, but are limited obligations of the City payable solely from revenues and other amounts derived from the Loan Agreement and shall be secured as provided in the Indenture. Forms of the Loan Agreement, the Indenture, the Bond Purchase Agreement and the Official Statement are before this meeting and are by this reference incorporated in this Bond Ordinance, and the City Clerk is hereby directed to insert them into the minutes of the Common Council and to keep them on file. Section 4. Sale of the Series 1983 Bonds. The Mayor and City Clerk of the City are hereby authorized and directed to sell the Series 1983 Bonds to or upon the order of the