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accepted by commercial banks; (v) certificates of deposit of banks or trust <br />companies, including the Trustee or any commercial bank affiliated with <br />the Trustee, organized under the laws of the United States of America or <br />any state thereof, having a reported capital and surplus of at least <br />$10,000,000 in dollars of the United States of America; and (vi) repurchase <br />agreements, including those purchased from and through the Trustee, fully <br />secured by obligations of the type specified in (i) above; provided that <br />any such investment or deposit is not prohibited by applicable law. <br />"Executive" means the Mayor of the Issuer. <br />"Fiscal Officer" means the Clerk of the Issuer. <br />"Guarantor" means ABS Industries, Inc., an Ohio corporation, and <br />its lawful successors and assigns, including surviving, resulting or <br />transferee corporations. <br />"Guaranty" means the Guaranty Agreement between the Guarantor and <br />the Trustee on behalf of the Bondholders, dated as of July 1, 1979 with <br />respect to the Project Bonds, as the same may be duly amended, modified <br />or supplemented in accordance with the provisions thereof. <br />"Indenture" means the Trust Indenture between the Issuer and the <br />Trustee, dated as of July 1, 1979, including this Bond Legislation as part <br />thereof, as the same may be duly amended, modified or supplemented in <br />accordance with the provisions thereof. <br />"Interest Payment Date" means the first day of each October, January, <br />April and June, commencing October 1, 1979. <br />"Issuer" means the City of South Bend, a municipal corporation and <br />Political subdivision organized and existing under the Constitution and <br />laws of the State of Indiana, and its lawful successors. <br />"Legal Officer" means the Counsel to the Issuer. <br />