Express Freight Lines Inc Economic Development Mortgage Revenue Bonds

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any, and interest solely from the payments made by Express Freight Lines, Inc., on its promissory note which will be executed and delivered by Express Freight Lines, Inc., to evidence and secure said loan and from other sources under the First Supplemental Loan Agreement, or as otherwise provided in the above - described First Supplemental Mortgage and Trust Indenture, the original Loan Agreement or the original Mortgage and Trust Indenture. The Bonds shall never constitute a general obligation of, an indebtedness of, or a charge against the general credit of the City of South Bend. SECTION 4. The Mayor, Clerk and Controller are authorized and directed to sell such Bonds to the purchaser set forth in the Bond Purchase Agreement at rates of interest on the Bonds not to exceed 9.00% per annum and at a price of 100% of the principal amount thereof plus accrued interest. SECTION 5. The Mayor and Clerk are authorized and directed to execute the First Supplemental Loan Agreement, the First Supplemental Mortgage and Trust Indenture, the Bond Purchase Agreement and the Bonds approved herein on behalf of the City of South Bend. The Mayor, Clerk and Controller are authorized to execute any coupons on the Bonds and any other documents which may be necessary or desirable to consummate the transaction. The signatures of the Mayor, Clerk and Controller on the Bonds and coupons may be facsimile signatures. The Clerk and the Controller are authorized to arrange for the delivery of such Bonds to the purchasers thereof, payment for which will be made to the Trustee named in the First Supplemental Mortgage and Trust Indenture. SECTION 6. The provisions of this Ordinance and the First Supplemental Mortgage and Trust Indenture and the -4-