Authorizing $5,000,000 Economic Development Revenue Bonds - Brethren Care of South Bend Inc Project

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(a) "Brethren Care of South Bend, Inc., Project Bond Fund," which shall be subdivided into an "Interest Account" and a "Principal Account "; (b) "Brethren Care of South Bend, Inc., Project Bond Redemption Fund" and (c) "Brethren Care of South Bend, Inc., Project Con- struction Fund." Section _3. 1979 Series B Bonds Limited Obligations of the Issuer. The 1979 Series B Bonds shall be payable solely from the payments to be made on the 1979 Series B Note,. and otherwise under the Security Agreement, to be executed and delivered by the Corporation pursuant to the Security Agreement and assigned by the Issuer to the Trustee for its payment in accordance with the Indenture and the 1979 Series B Note. The 1979 Series B Bonds shall not in any respect be a general obligation of the Issuer, nor shall they ever constitute or give rise to a charge against the general credit or taxing powers of the Issuer, and the 1979 Series B Bonds shall not constitute an indebtedness or a loan of credit of the Issuer within the meaning of any constitutional or statutory provision. Nothing in this ordinance, the Indenture, the 1979 Series B Bonds or the Security Agreement shall be construed as an obligation or commitment by the Issuer to expend any of its funds other than (i) the proceeds of the sale of the 1979 Series B Bonds, (ii) the payments to be made by the Corporation on the 1979 Series B Note, or otherwise under the Security Agreement and (iii) any moneys arising out of the investment or reinvestment of said proceeds or payments. Section 4. Issuance and Execution of the 1979 Series B Bonds. The 1979 Series B Bonds shall be issued in compliance with and under authority of the provisions of the Act, this ordinance, the resolution referred to in Section 2 hereof to be subsequently adopted by this Common Council and the Indenture.