$10,000,000 Economic Development Revenue Bonds

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t BILL NO. 128 -79 ORDINANCE NO. W414S AN ORDINANCE SUPPLEMENTING ORDINANCE NO. 6605 -79 ADOPTED JULY 9, L979 AUTHORIZING $10,000,000 ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY OF SOUTH BEND, INDIANA. BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AS FOLLOWS: Section 1. Background. (a) The City of South Bend (the "City ") heretofore Ordinance No. 6605-79 (the "Bond Ordinance ") by the City of 10,000,000 principal amount Revenue Bonds, Series A (Rahn Properties II A Bonds "); Common Council of the adopted on July 9, 1979 providing for issuance of Economic Development Project) (the "Series (b) The Bond Ordinance approved execution of an Inden- ture of Trust (the "Indenture ") between the City and a state or national bank located in Indiana and approved by the purchaser of the Series A Bonds; (c) The Series A Bonds have not yet been delivered and paid for, and the purchaser has designated the bank which is to act as trustee under the Indenture. Section 2. Designation of Trustee. The Indiana National Bank Indianapolis , Indiana is hereby designated as trustee under the Indenture of Trust. Section 3. The Series A Bonds in the principal amount not exceeding 10,000,000 shall be issued and delivered from time to time pursuant to the provisions of the Bond Ordinance. Section 4. all of the provisions and approved and shal Section 5. full force and effect vided by law. ATTEST: ity Clerk Except as supplemented by this ordinance, of the Bond Ordinance are hereby ratified 1 continue in force. Effective Date. This ordinance shall be in from and after passage and appr Val as pro- . r / r Presiding Officer OfficerZY the Common Council Presented to the Mayor this day of , 1979. City Clerk Approved this ;?-r day of , 1979. M or, City oVouttf%ELend, Indiana ATTEST: City Clerk 1st READING PUBLIC HEARING may' 7 2nd READING 9'd q- 7 5F NOT APPROVED SEP 19 1979 r iD, IND.