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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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in all respects approved, and the Mayor and the City -Clerk be, <br />and they are hereby, authorized, empowered and directed to exe- <br />cute, acknowledge and deliver the Indenture in the name and on <br />behalf of the Issuer, and thereupon to cause the Indenture to be <br />executed, acknowledged and delivered by the Trustee, and the <br />Indenture shall constitute an assignment, for the security of the <br />1979 Series B Bonds, of the 1979 Series B Note and the payments <br />to be made thereon and of all of the Issuer's rights, title and <br />interest in, under and to the Security Agreement. The Indenture, <br />as executed and delivered, shall be in substantially the form now <br />before this meeting and hereby approved, or with such changes <br />therein as shall be approved by the officers of the Issuer execut- <br />ing the same, their execution thereof to constitute conclusive <br />evidence of their approval of any and all changes or revisions <br />therein from the form of Indenture now before this meeting; and <br />from and after the execution and delivery of the Indenture, the <br />officers, agents and employees of the Issuer are hereby autho- <br />rized, empowered and directed to do all such acts and things and <br />to execute all such documents as may be necessary to carry out <br />and comply with the provisions of the Indenture as executed. <br />Section 8. Approval of the 1979 Series B Note and the <br />Security Agreement. The form, terms and provisions of the pro - <br />posed 1979 Series B Note and the Security Agreement be, and they <br />are hereby, in all respects approved, and the Mayor and the City <br />Clerk be, and they are hereby authorized, empowered and directed <br />to execute, acknowledge and deliver the Security Agreement in the <br />name and on behalf of the Issuer, and thereupon to cause the <br />Security Agreement to be executed, acknowledged and delivered by <br />the Corporation, and to assign the 1979 Series B Note to the <br />Trustee. The Security Agreement, as executed and delivered, and <br />the 1979 Series B Note as assigned, shall be in substantially the <br />form now before this meeting and hereby approved, or with such <br />changes therein as shall be approved by the officers of the <br />
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