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such bonds shall be executed on behalf of the City of South Bend, <br />Indiana, by the Mayor and City Clerk of South Bend, Indiana, and <br />shall be sealed with the corporate seal of said City. <br />Section 5. Resolution No. 11 -81 of the South Bend <br />Economic Development Commission passed on August 28, 1981, is <br />hereby approved; and the Common Council of the City of South Bend <br />hereby finds that the proposed financing for the issuance of the <br />Economic Development Revenue Bonds would be of benefit to the health <br />and welfare of the City of South Bend and that it complies with the <br />purposes and provisions of IC 18- 6 -4.5, as amended and supplemented. <br />Section 6. This Ordinance shall be in full force and <br />effect from and after its passage by the Common Council and approved <br />by the Mayor. <br />lst READING <br />PUBLIC HEARING <br />2nd READING <br />NOT APPROVED <br />REFERRED <br />PARSED <br />- 3 - <br />Mem er o t e Common Counci <br />FILED ID CLERK'S OFFICE <br />SEP 81981 <br />Irene Gammon <br />CITY, CLERK, SOUTH BEND, MD. <br />