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Section 3. The First Supplemental Loan Agreement, First <br />Supplemental Mortgage and Indenture of Trust shall be executed On <br />behalf of the City of South Bend, Indiana by the Mayor and City Clerk <br />and sealed with the corporate seal of such City. <br />Section 4. Said Industrial Development Revenue Bonds, <br />payable solely and only from the revenue derived from such CHAR - <br />KING, INC. facilities, may be issued in amounts not to exceed Four <br />Hundred Thousand ($400,000.00) Dollars for a period not exceeding <br />ten (10) years after the first monthly installment due thereon, in <br />accordance with the terms of said First Supplemental Loan Agreement, <br />First Supplemental Mortgage and Indenture of Trust and that such <br />Bonds shall be executed on behalf of the City of South Bend, Indiana, <br />by the Mayor and City Clerk of South Bend, Indiana, and shall be <br />sealed with the corporate seal of said City. <br />Section 5. This Ordinance shall be in full force and effect <br />from and after its passage by the Common Council and approved by <br />the Mayor. <br />Memb r of the Common Council <br />FILED IN CLERK'S OFFICE <br />JUL' 51978 <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />1st READING 7 — l0 - i 16 <br />PUBLIC HEARING <br />2nd READING 7- a?�•�� <br />NOT APPROVED <br />REFERRED <br />PASSED ,?, -tba y,. 2 Q <br />