Approving Economic Development revenue Bond & Trust Indenture Relating to the Metal Resources Corporation Project

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the Company in order to finance the acquisition and construc- tion of such facilities, as more particularly set out in said Loan Agreement, Mortgage and Security Agreement, which Economic Development Revenue Bond shall be payable as to principal and interest solely from the payments made by the Company on its aforesaid Promissory Note in the principal amount of Three Million Eight Hundred Seventy -Five Thousand One Hundred Twenty - Five Dollars ($3,875,125.00) which will be executed and deliv- ered by the Company to evidence said loan, from other sources under said Loan Agreement, Mortgage and Security Agreement, and as otherwise provided in said Trust Indenture. Said Economic Development Revenue Bond shall never constitute a general obli- gation of, indebtednesses of, or charge against the general credit of the City. Said Economic Development Revenue Bond shall be executed by the manual or facsimile signatures of the Mayor and the Clerk of the City; shall be executed and deliv- ered during regular business hours on or about June 20, 1984; shall be dated as of June 1, 1984, maturing on July 1, 1994, shall bear per annum interest at a variable rate equal to 75% of the per annum prime rate of interest in effect from time to time at The Indiana National Bank, plus additional interest at the rate of 2.61 percent per annum for the period beginning on July 1, 1984 and ending on September 30, 1984, and shall be issued in registered form; shall be registrable as provided therein; shall be payable in the medium and at the place or places provided therein; and shall be subject to optional and mandatory prepayment as provided therein. -4-