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such Loan Agreement and Trust Indenture and such Industrial <br />Development Revenue Bond shall be executed on behalf of the City <br />of South Bend, Indiana, by the Mayor and Clerk and sealed with <br />the corporate seal of such City. <br />Section 5. Resolution No. 11 -80 of the South Bend <br />Economic Development Commission passed on May 2, 1980, is hereby <br />approved and the Common Council of the City of South Bend hereby <br />finds that the proposed financing for the issuance of such <br />Industrial Development Revenue Bond would be of benefit to the <br />health and welfare of the City of South Bend and that such complies <br />with the purposes and provisions of the Act. <br />Section 6. This Ordinance shall be in full force and <br />effect from and after its passage.by the Common Council and <br />approved by the Mayor. <br />1st READING <br />PUBLIC HARING <br />2rd READING <br />NOT APPROVED <br />REFERRED <br />PASSED <br />-3- <br />i' <br />J <br />r of the Common <br />Iran ai -non <br />CITY CLERK, SOUTH BEW, iND. <br />