Authorizing $3,200,000 Economic Development Revenue Bonds - Crowe, Chizek & Company Project

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invest and disburse said proceeds in accordance with the provi- sions of the Indenture. All provisions of the Indenture, includ- ing those with respect to the acquisition, construction and equipping of the Project, the issuance and delivery of the Bonds and the receipt, custody, investment and application of the proceeds of the Bonds and the loan payments and other revenues to be derived from the Project, are hereby in all respects adopted, ratified and confirmed for and on behalf of the Issuer. Section 16. Section 103(b) (6) (D) Election. The Issuer hereby elects to have the provisions as to the limit in Section 103(b) (6) (D) of the Internal Revenue Code of 1954, as amended, applied to the Bonds; and the Mayor and the City Clerk of the Issuer be and they are hereby authorized, empowered and directed to take any and all further action which may be required to implement and effectuate such election, including without limita- tion the preparation and filing of such statement or statements or other document or documents as may be deemed by them to be necessary or advisable in order to comply with the procedure set forth in Section 1.103 -10(b) (2) (vi) of the Income Tax Regulations (26 CFR Part 1) under Section 103 of the Internal Revenue Code of 1954, as amended, and all acts heretofore taken by them in this connection are hereby ratified and confirmed. Section 17. Preparation of Bonds. The Mayor and the City Clerk of the Issuer are hereby authorized and directed to cause to be prepared an issue of $3,200,000 principal amount of the Bonds in the form, bearing interest at the rates, and having the other terms and provisions specified in the Indenture. Section 18. Designation of Trustee. First Bank and Trust Company of South Bend, South Bend, Indiana, is hereby designated Trustee under the Indenture. The Issuer hereby recognizes, agrees to and approves the deposit of the proceeds of the Bonds with the Trustee under the Indenture which amount shall be held and applied by said Trustee in accordance with the provisions of the Indenture. - 10 -