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Section 3. The Lease and Trust Indenture shall be <br />executed on behalf of the City of South Bend, Indiana by the <br />Mayor and City Clerk and sealed with the corporate seal of <br />such City. <br />Section 4. Said Industrial Development Revenue Bonds, <br />payable solely and only from the revenue derived from such <br />W.J. HAGERTY & SONS, LTD., INC. facilities, may be issued in amounts <br />not to exceed Two Hundred Twenty -five Thousand ($225,000.00) <br />Dollars for a period not exceeding fifteen (15) years after the <br />first monthly installment due thereon, in accordance with the <br />terms of said Lease and Trust Indenture and that such Bonds shall <br />be executed on behalf of the City of South Bend, Indiana, by the <br />Mayor and City Clerk of South Bend, Indiana, and shall be sealed <br />with the corporate seal of said City. <br />Section 5. This Ordinance shall be in full force and <br />effect from and after its passage by the Common Council and <br />approved by the Mayor. <br />1st READING <br />PUE IC HEARING <br />2,,d READING <br />No', APPROVED.. <br />REFERRED <br />PASSED <br />Member of the Commoff Council <br />-2- <br />FILED IN CLERIC'S OFFICE <br />s <br />Irene Gammon <br />CITY CLERK, SOUTH BEND, IND. <br />