Authorizing the Issuance & Sale of Bonds for Payment of Judements Aganist the City

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IN WITNESS WHEREOF, the City of South Bend, Indiana, by ordinance of its Common Council, has caused this bond to be executed in its corporate name by the facsimile signature of its Mayor, countersigned by the facsimile signature of its City Controller, its corporate seal to be hereunto affixed and attested by the manual signature of its City Clerk. CITY OF SOUTH BEND By (facsimile) Mayor Countersigned: By City ontro er (facsimile) Attest: City Clerk SECTION 5. As soon as can be done after the passage of this ordinance, the City Clerk shall give notice of the determination to issue bonds. Said notice shall be posted in three (3) public places in the City and shall be published once each week for two (2) weeks in The South Bend Tribune and the Tri-CountX News, newspapers of general circulation published in the City ot South Bend as provided by I. C. 6- 1.1 -20 -5. No further action towards the issuance of said bonds may be taken by the City prior to the expiration of the period within which taxpayers affected by the proposed issuance of said bonds may file objecting petitions to the issuance of said bonds pursuant to I. C. 6- 1.1 -20 -5. In the event an objecting petition or petitions are filed by taxpayers under the provisions of I. C. 6- 1.1 -20 -5, then no further steps towards the issuance of said bonds shall be taken unless and until the State Board of Tax Commissioners shall issue its Order pursuant to I. C. 6- 1.1 -20 -6 approving the issuance of said bonds. In the event it shall be determined by the State Board of Tax Commissioners, or otherwise, that the whole amount of the bonds herein authorized shall not be issued, then the City Controller shall be authorized to advertise and sell a lesser amount of bonds. The Controller shall also take such steps as may be necessary to obtain the approval of the incurring of the indebtedness and the interest rate thereon by the State Board of Tax Commissioners pursuant to I. C. 6- 3.5 -1 -3 and I. C. 6- 1.1 -20 -7 respectively. The Controller additionally shall take no further action towards the issuance of said bonds until the State Board of Tax Commissioners shall issue its Order approving the issuance of said bonds pursuant to the provisions of I. C. 6- 3.5 -1 -3. SECTION 6. Prior to the sale of said bonds, the City Controller sftaii cause to be published a notice of such sale two (2) times, at least one week apart, with the first publication made at least fifteen (15) days before the date of sale and the second publication made at least three (3) days before the date of the sale, said publication to be in The South Bend Tribune and the Tri-Countz News. Said notice may also be pu is e in The Bond Buyer, a tinancial journal published in the City and State T—Aew York, and in The Indianapolis Commercial, a financial journal published in the City of Indianapolis, Indiana, at the discretion of the City Controller. Said bond sale notice shall state the time and place of sale, the purpose for which the bonds are being issued, the - 3 -