Authorizing Economic Development Revenue Bonds Steel Warehouse Co Inc Project

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incorporated herein by reference and shall be inserted in the minutes of the Common Council and kept on file by the Clerk. In accordance with the provisions of I.C. 36- 1 -5 -4, two (2) copies of all such documents are on file in the office of the Clerk for public inspection. Section 5. The City of South Bend shall issue its Economic Development Revenue Bonds, Series 1983 (Steel Warehouse Co., Inc. Project), in the total principal amount of approximately One Million Seven Hundred Fifty Thousand Dollars ($1,750,000) and maturing over a period of not more than nine (9) years from the date of the first payment of principal for the purpose of procuring funds to lend to Steel Warehouse Co., Inc. to pay the costs of the construction of a 10,400 square foot building addition to the Company's present operation located at 2722 Tucker Drive, in the City of South Bend (the "Project "), together with the acquisition and installation of a temper mill and related machinery and equipment to be installed at said location, as more particularly set out in the Equipment Loan Agreement and Security Agreement and Indenture of Trust incorporated herein by reference, which bonds will be payable as to principal, premium, if any, and interest from the note payments made by Steel Warehouse Co., Inc. under the Equipment Loan Agreement and Note or as otherwise provided in the above described Security Agreement and Indenture of Trust. The bond shall be issued in fully registered form in the denominations of $1,750,000 or integral multiples -4-