Authorizing $550,000 Economic Development Revenue Bonds - Automatic Molded Plastics Inc. Project)

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The Bonds shall be subject to redemption prior to maturity at the times, under the circumstances, in the manner, at the prices, in the amounts and with the effect set forth in the form of Indenture presented to this meeting. The Bonds shall be executed in the name of the Issuer by the manual or facsimile signature of the Mayor, shall be attested by the manual signature of the City Clerk, shall have the corporate seal of the Issuer impressed or reproduced thereon, shall be authenticated by the endorsement of the Trustee thereon, and shall be delivered by the Trustee to the Original Purchaser thereof. The interest coupons appurtenant to the Bonds shall be executed in the name of the Issuer by the facsimile signatures of the Mayor and the City Clerk of the Issuer. Temporary Bonds may be delivered to the Original Purchaser pending preparation of definitive Bonds. Such execution and delivery of definitive Bonds shall take place not later than 90 days after the date hereof. The Bonds shall be issued in compliance with and under authority of the provisions of the Act, this Ordinance and the Indenture. Section 3. The Bonds and the interest thereon shall be limited obligations of the Issuer, payable solely and only from the revenues and receipts derived by the Issuer pursuant to the Loan Agreement and the Note, and shall be otherwise secured as provided in the Indenture and the Loan Agrement, including, without limitation, by the Mortgage, the Security Agreement and the Letter of Credit. The Bonds shall not in any respect be a general obligation of the Issuer, nor shall they be payable in any manner from funds of the Issuer raised by taxation. Such limitation shall be plainly stated on the face of each of the Bonds. The Bonds shall be payable at the principal corporate trust office of the Trustee in the City of Indianapolis, Indiana, and at such other offices as may be chosen pursuant to the Indenture. -5-