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NOW, THEREFORE, BE IT ORDAINED by the Common Council of <br />the City of South Bend, Indiana, that: <br />Section 1. The form and terms of the Loan Agreement, <br />Mortgage and Note, Security Agreement and Financing Statements, <br />Assignment of Leases and Rents and a Trust Indenture and Indus- <br />trial Development Revenue Bonds pertaining to Marion W. Dunn <br />facilities and issuance of the Industrial Development Revenue <br />Bond pursuant thereto are hereby approved and adopted. <br />Section 2. Said form of Loan-Agreement, Mortgage and <br />Note, Security Agreement and Financing Statements, Assignment of <br />Leases and Rents and a Trust Indenture together with Industrial <br />Development Revenue Bonds which are on file with the Commission <br />are hereby incorporated by reference into this Ordinance, and <br />said forms shall be inserted into the minutes of the Common Coun- <br />cil of the City of South Bend, Indiana and shall be kept on file <br />by the City Clerk of South Bend, Indiana. <br />Section 3. The Loan Agreement, Mortgage and Note, Se- <br />curity Agreement and Financing Statements, Assignment of Leases <br />and Rents and a Trust Indenture shall be executed on behalf of the <br />City of South Bend, Indiana by the Mayor and City Clerk and sealed <br />with the corporate seal of such City. <br />Section 4.. Said Industrial Development Revenue Bonds, <br />payable solely and only from the revenue derived from such Marion <br />W. Dunn facilities, may be issued in amounts not to exceed Three <br />Hundred Thousand Dollars ($300,000.00) for a period not exceeding <br />twenty (2.0). years after the first monthly installment due thereon, <br />in accordance with the terms of said Loan Agreement, Mortgage and <br />Note, Security Agreement and Financing Statements, Assignment of <br />Leases and Rents and a Trust Indenture and that such Bonds shall <br />be executed on behalf of the City of South Bend, Indiana, by the <br />Mayor and City Clerk of South Bend, Indiana, and shall be sealed <br />with the corporate seal of such City. <br />Section 5. Resolution No. 10 -.80 of the South Bend <br />Economic Development Commission passed on April 8, 1980, is <br />hereby approved; and the Common Council of the City of South <br />-2-� <br />