Approving Industrial Development Revenue Bonds - Adams Engineering Inc Project

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City of South Bend, Indiana, that: Section 1. The form and terms of the Lease and Trust Indenture and Industrial Development Revenue Bond pertaining to ADAMS ENGINEERING, INC. PROJECT and the issuance of the Industrial Development.Revenue Bond pursuant thereto are hereby approved and adopted. Section 2. Said forms of Lease and Trust Indenture together with the Industrial Development Revenue Bonds which are on file with the Commission, are hereby incorporated by reference into this Ordinance, and said forms shall be inserted into the minutes of the Common Council of the City of South Bend, Indiana, and shall be kept on file by the City Clerk of South Bend, Indiana. Section 3. Said Lease and Trust Indenture shall be executed on behalf of the City of South Bend, Indiana, by the Mayor and City Clerk and sealed with the corporate seal of such City. Section 4. Said Industrial Development Revenue Bonds, payable solely and only from the revenues derived from such ADAMS ENGINEERING, INC. facilities, pursuant to the aforementioned Lease and Trust Indenture, may be executed in the amounts not to exceed One Hundred Forty -Five Thousand ($145,000.00) Dollars, repayable with interest thereon at a rate not to exceed eight and one -half (8 -1/2 %) percent per annum, payable in monthly installments over a period not exceeding seven (7) years after the date of such bonds and that such Lease and Trust Indenture and such Industrial Development Revenue Bonds shall be executed on behalf of the City of South Bend, Indiana, by the Mayor and City Clerk and sealed with the corporate seal of such City. Section 5. This Ordinance shall be in full force and effect from and after its passage by the Common Council and approved by the Mayor. at- MEMBER OF 91HE COMMON COUNCIL r FILM, HEARING MAY I ^T APPR0VED Enna Gaimmon DEFERRED CITY CLERK, SOUTH BEND, IND. PASSED 64 /11 V �.