Authorizing the Issuance & Sale $2,400,000 Allied Products Corp

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commencing May 1, 1984 to and including March 1, 1994, with a final payment of all unpaid principal being due and payable on April 1, 1994, the date of maturity of the Series B Bonds. The Series B Bonds shall bear interest on the principal balance from time to time unpaid at the fluctuating rate hereinafter specified in consecutive monthly installments on the first day of each month commencing on May 1, 1984, to and including April 1, 1994. The interest rate per annum for each calendar month occurring prior to April 1, 1985, shall be equal to the sum of one percent (1 %) plus 75% of the Prime Rate in effect for such month and the interest rate per annum for each calendar month commencing on or after April 1, 1985 shall be equal to 75% of the Prime Rate in effect for such month. The Prime Rate in effect for any month shall be the Prime Rate in effect as of 10:00 A.M. Chicago, Illinois time on the first day of such month (except that for the month of March, 1983, on the day of issue of the Series B Bonds) and the interest rate then in effect shall be the interest rate for the remainder of the calendar month in which such day occurs with the interest rate to be automatically adjusted on the first day of the next calendar month pursuant to the foregoing provisions of this sentence. Interest on the Series B Bonds will be computed on the basis of a 360 -day calendar year consisting of 12 30 -day months. The Series B Bonds shall bear interest, payable on demand, on any overdue principal and premium and (to the extent that such interest shall be legally enforceable) on any overdue installment of interest at the rate per annum equal to the sum of the Prime Rate determined to be in effect pursuant to the foregoing provisions plus one percent (1 %), on each day such principal, premium or interest shall be overdue and unpaid. Principal and interest and premium, if any, shall be payable at the principal office of the Trustee in South Bend, Indiana. The Series B Bonds shall be executed, shall be in such form, shall have such redemption provisions, shall bear interest at such other rates and shall be subject to such other terms and conditions as set forth in the Indenture. The Series B 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 leasing or sale of the Series B Project under the Parcel A Lease Agreement (except to the extent paid out of moneys attributable to the proceeds of the Series A Bonds or the income from the temporary investment thereof) and the Parcel B Lease Agreement and shall be secured as provided in the Indenture and the Series B Mortgage. Pursuant to IC 36- 7- 12 -25, two complete forms of the Parcel B Lease Agreement, the Amendment to Parcel A Lease Agreement, the Series B Mortgage and Indenture 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 B Bonds. The Mayor and City Clerk of the City are hereby authorized and directed to sell the Series B Bonds to or upon the order of the purchaser thereof, namely River Forest State Bank and Trust Company, of River Forest, Illinois, at a price of $2,400,000, plus accrued interest (if any) to the date of delivery and payment. Receipt by the Trustee of payment for the Series B Bonds shall constitute payment to the City of the purchase price for the Series B Bonds. -3-