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including the bond authorized herein. The Mayor and Clerk are <br />hereby expressly authorized to approve any modifications or <br />additions to the documents constituting the Financing Agreement <br />which take place after the date of this Ordinance with the <br />review and advice of the City Attorney; it being the express <br />understanding of this Common Council that said Financing Agree- <br />ment is in substantially final form as of the date of this <br />Ordinance. The approval of said modifications or additions <br />shall be conclusively evidenced by the execution and attestation <br />thereof and the affixing of the seal thereto or the imprinting <br />of the seal thereon; provided, however, that no such modifica- <br />tion or addition shall change the maximum principal amount of, <br />interest rate on or term of the bond as approved by the Common <br />Council by this Ordinance without further consideration by the <br />Common Council. The signatures of the Mayor and Clerk on the <br />bond may be either manual or facsimile signatures. The Clerk <br />is authorized to arrange for delivery of such bond to the Bond- <br />holder named in the Bond Purchase Agreement. The Mayor and <br />Clerk shall execute and the Clerk shall deliver the bond to the <br />Bondholder within ninety days of the adoption of this ordinance. <br />The bond shall be dated as of the date of delivery thereof. <br />Section 6. The provisions of this Ordinance and the <br />Equipment Loan and Security Agreement securing the bond shall <br />constitute a contract binding between the City of South Bend <br />and the holder of the Economic Development Revenue Bond (Harbor <br />Metal Treating of Indiana, Inc. Project), and after the <br />issuance of said bond, this Ordinance shall not be repealed or <br />amended in any respect which would adversely affect the rights <br />of such holders so long as said bond or the interest thereon <br />remains unpaid. <br />Section 7. This Ordinance shall be in full force and <br />effect from and after its passage and signing by the Mayor. <br />1st READING <br />PUBLIC NEARING 4*Ver of thKfibmmon Council <br />2nd READING �.� - 4 - <br />NOT APPROVED I 1 IYE <br />REFERRED FILED IH CLEWS oCe r <br />PASSED > /- a - '", o(� iQ. �_ <br />NOV 1 t.j <br />