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ities already constructed or operating in or about the City, <br />(ii) further finding that the proposed economic development <br />revenue bond financing of such facilities will be of benefit to <br />the health and welfare of the City and its citizens, (iii) fur- <br />ther finding that the proposed economic development revenue <br />bond financing of such facilities complies with the purposes <br />and provisions of the Act, (iv) approving the economic develop- <br />ment revenue bond financing of such facilities, including the <br />form and terms of the Loan Agreement, Mortgage and Security <br />Agreement between the Company and the Citv, the Promissory Note <br />from the Company to the City, the registered City of South <br />Bend, Indiana, Economic Development Revenue Bonds, Series 1983 <br />(St. Joseph Station II Project) , the Trust Indenture between <br />the City and Valley American Bank and Trust Company (the "Trus- <br />tee") , the Surety Bond from National Fire Insurance Company of <br />Hartford to the Trustee, the Official Statement of the City and <br />the Company relating to such Bonds, and this Ordinance, pre- <br />sented to the Commission, and (v) recommending that this <br />Council find that the proposed economic development revenue <br />bond financing of such facilities will be of benefit to the <br />health and welfare of the City and its citizens, and complies <br />with the purposes and provisions of the Act, and that this <br />Council adopt an ordinance approving such financing, <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL <br />OF THE CITY OF SOUTH BEND, INDIANA, THAT: <br />LYE <br />