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ORDINANCE NO. 6 <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LOAN AGREEMENT, <br />TRUST INDENTURE, REAL ESTATE MORTGAGE AND INDUSTRIAL DEVELOPMENT <br />REVENUE BONDS, AND AUTHORIZING THE EXECUTION THEREOF, AND <br />APPROVING RESOLUTION NO. 34 -79 OF THE SOUTH BEND ECONOMIC <br />DEVELOPMENT COMMISSION RELATING TO THE SOUTH BEND TOOL AND <br />DIE CO., INC. AN INDIANA CORPORATION PROJECT <br />STATEMENT OF PURPOSE OF INTENT: <br />The Common Council of the City of South Bend, Indiana <br />heretofore has created the South Bend Economic Development Commission, <br />hereinafter referred to as "Commission ", pursuant to the provisions <br />of the Public Law No. 182 of the Acts of the General Assembly of <br />Indiana for 1973, as such may be amended from time to time, <br />including but not limited to IC 18- 6 -4.5 -1 through IC 18- 6- 4.5 -30, <br />hereinafter referred to as the "Act "; and <br />South Bend Tool and Die Co., Inc., an Indiana corpora- <br />Lion, has filed an application with the Commission to finance the <br />acquisition of real estate and the construction of a manufacturing <br />building located thereon (facilities) which will constitute <br />economic development facilities resulting in a substantial number <br />of new jobs as well as other benefits, and in connection therewith <br />the Commission has prepared and placed on file a report contain- <br />ing the subject matter as specified in IC 18- 6- 4.5 -16 and has <br />forwarded copies thereof to the Chairman of the Area Plan Commis- <br />sion of St. Joseph County, Indiana, and to the Superintendent of <br />the South Bend Community School Corporation, being the area in <br />which the proposed facilities will be located, and has timely <br />received favorable reports from each of them, and the Commission <br />held a public hearing on the proposed financing of such economic <br />development facilities in accordance with the Act after giving <br />the required notice as provided in the Act, and adopted a resolu- <br />tion finding that such proposed financing complies with the <br />purposes and provisions of all applicable Indiana statutes governing <br />the issuance of Industrial Development Revenue Bonds, including <br />but not limited to the Act and approved the form and terms of the <br />Loan Agreement, Trust Indenture, Real Estate Mortgage and In- <br />dustrial Development Revenue Bonds, and further approved this <br />