Amending Issuance of Revenue Bonds Provide for the Cost of Acquiring Land and Constructing Off-Street Parking Facilities

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any reinvestment thereof, will be fully sufficient to pay or redeems when redeemable, and discharge, the indebtedness on the Bonds at or before their respective maturity dates; provided that if such bonds are to be redeemed prior to the maturitv thereof, notice of such redemption shall have been duly given or satisfactory arranEements made therefor; and Drovi&d further +-hnt stances which do not render interes subject to federal income taxation Upon such payment or deposit of money or securities in the amount and manner provided by this section all liability of the City with respect to the Bonds shall cease, determine and be completely discharged, and the holders thereof shall be entitled only to payment out of the money or securities so provided. SECTION II. If any section, paragraph or provision of this Ordinance shall be held to be invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph or provision shall not affect any of the remaining provisions of this Ordinance. SECTION III. Ordinance No. 5089 -69, as herein amended and supplemented, is hereby readopted, ratified and confirmed. SECTION IV. All other ordinances, resolutions or orders, or parts thereof, heretofore enacted, adopted or entered, in con- flict with the provisions of this Ordinance, shall be and the same are hereby repealed to the extent of such conflict, and this Ordinance shall be in effect from and after its passage. SECTION V. This Ordinance shall be in full force and effect from and after its enactment, approval by the Mayor and legal publication. 1sf READING S- a d' 7 8 PUBLIC HEARING V- V 2nd READING �'_ j� 2L ?� NOT .APPROVED REFERRED PASSED - 2 - Member of the 7mon Council FILED IN CLERK'S OFFICE MAY 171978 Irene Gammon Cllt OUM SOUTH BEND, IND.