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not exceeding Five Hundred Thousand ($500,000.00) Dollars and <br />bearing interest at a rate of Seven and one -half (7 -1 /2%) percent <br />annum repayable over a term of 15 years, and the issuance'of the <br />Bonds in accordance therewith, be and the same hereby are approved, <br />and the Secretary of the Commission be and he is hereby directed <br />to transmit to the City of South Bend, Indiana, this resolution, <br />together with a copy of the form and terms of the financing agree- <br />ment (Lease and Trust Indenture) and the Bonds. <br />THIS RESOLUTION ADOPTED BY THE SOUTH BEND ECONOMIC DEVELOP- <br />MENT COMMISSION OF THE CITY OF SOUTH BEND, INDIANA THIS /71 DAY <br />OF4X01L, 1978. <br />2 <br />RESID <br />VICE PRESIDENT <br />SECRETARY <br />FILED IN CI EF7 �'S OFFICE <br />APR 201978 <br />Irene , <br />CITY CLERK, <br />