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Authorizing $5,000,000 Economic Development Revenue Bonds - Brethren Care of South Bend Inc Project
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Authorizing $5,000,000 Economic Development Revenue Bonds - Brethren Care of South Bend Inc Project
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5/29/2013 3:43:10 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/15/1979
Ord-Res Number
6679-79
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Purchaser at a price of not less than $4,800,000 plus accrued <br />interest from the date of the 1979 Series B Bonds to the date of <br />delivery, pursuant to the terms of the Bond Purchase Agreement <br />be, and the same is hereby, approved and confirmed, and the Mayor <br />and the City Clerk of the Issuer are hereby authorized and di- <br />rected to execute and deliver.the 1979 Series B Bonds to the <br />Original Purchaser as provided in the Indenture. <br />Section 10. Approval of Official Statements. The <br />draft form of Preliminary Official Statement which is before this <br />meeting is hereby approved for distribution in connection with <br />the sale.of the 1979 Series B Bonds, and the Mayor is hereby <br />authorized and directed to execute and deliver the Preliminary <br />Official Statement and the final Official Statement (collec- <br />tively, the "Official Statements ") in the name and on behalf of <br />the Issuer and to cause the Official Statements to be executed <br />and delivered by the Corporation. The Official Statements, as <br />executed, shall be in substantially the draft form of the Prelim - <br />inary Official Statement now before this meeting and hereby <br />approved, or with such changes therein as shall be approved by <br />the officer of the Issuer executing the same, such officer's <br />execution thereof to constitute conclusive evidence of the Is- <br />suer's approval of any and all changes or revisions therein from <br />the draft form of Preliminary. Official Statement now before this <br />meeting. <br />Section 11. Delegation. The Mayor and the City Clerk, <br />for and on behalf of the Issuer, be, and they hereby are, autho- <br />rized and directed to do any and all things necessary to effect <br />the execution and delivery of the Security Agreement by the <br />Corporation, the execution of the 1979,Series B Note by the <br />Corporation and the assignment thereof by the Issuer to the <br />Trustee, the execution and delivery of the Indenture and the <br />acceptance thereof by the Trustee, the execution and delivery of <br />the Official Statements by the Corporation, the approval of the <br />
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