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ity as defined in the Loan Agreement, in which case the per <br />annum interest rate shall equal two percent (2 %) above said <br />national prime rate of interest; shall be in the denominations <br />of Five Thousand Dollars ($5,000.00) or integral multiples <br />thereof; shall be issued in registered form; shall be regis- <br />trable as provided therein; shall be payable in the medium and <br />at the place or places provided therein; and shall be subject <br />to optional and mandatory prepayment as provided therein. <br />Section 6. The Mayor and /or the Clerk of the City are <br />authorized and directed to sell said Economic Development <br />Revenue Bonds to lst Source Bank at a price not less than one <br />hundred percent (100 %) of the principal amount thereof, plus <br />accrued interest, and the said Economic Development Revenue <br />Bonds may be further secured upon resale by lst Source Bank by <br />a letter of credit issued by lst Source Bank. <br />Section 7. The Mayor and the Clerk of the City are <br />authorized and directed to execute and deliver the afore- <br />mentioned documents for and on behalf of the City after making <br />therein such changes permitted by the Act as they deem neces- <br />sary or proper, as evidenced by their execution of such docu- <br />ments, and are further authorized and directed to execute and <br />deliver such other documents for and on behalf of the City, and <br />to take such other actions for and on behalf of the City, as <br />they deem necessary or proper in connection with the consum- <br />mation of such financing. The Mayor and the Clerk of the City <br />are authorized to arrange for the delivery of said Economic <br />Development Revenue Bonds to lst Source Bank, payment for which <br />will be made to the Trustee for the account of the City. <br />Section 8. The provisions of this ordinance and the <br />aforementioned documents shall constitute a contract binding <br />between the City and the holders of said Economic Development <br />Revenue Bonds, and after the issuance of said Economic Develop- <br />ment Revenue Bonds this Ordinance shall not be repealed or <br />amended in any respect which would adversely affect the rights <br />of said holders so long as any of the principal of said Econo- <br />-4- <br />