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notice as provided for in Section 17 of IC 18- 6- 4.5 -17 and did find <br />that the proposed financing complies with the purposes and provisions <br />of the applicable Indiana statutes governing the issuance of <br />Industrial Development Revenue Bonds and the proposed economic develop- <br />ment facilities will not have an adverse competitive affect on similar <br />facilities already constructed and operating in any part of St. Joseph <br />County, Indiana, and pursuant to such findings, the Commission adopted <br />a resolution which was transmitted to the Common Council of the City <br />of South Bend, Indiana, approving the application of FBT Bancorp, Inc., <br />together with the terms of the Lease and Trust Indenture (financing <br />agreement) and bond. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of the <br />City of South Bend, Indiana, that: <br />Section 1. The form and terms of the Lease and Trust Indenture <br />and the Industrial Development Revenue Bond or Bonds pertaining to the <br />aforementioned application, being the FBT Bancorp, Inc.- Walkerton Branch <br />Project, and the issuance of the Industrial Development Revenue Bond or <br />Bonds pursuant thereto, are hereby approved and adopted. <br />Section 2. Said form of Lease and Trust Indenture, together <br />with said form of Industrial Development Revenue Bond, which are on <br />file with the Commission, are hereby incorporated by reference into <br />this ordinance and said forms shall be inserted into the minutes of the <br />Common Council of the City of South Bend, Indiana, and shall be kept <br />on file by the City Clerk of South Bend, Indiana. <br />Section 3. Said Lease and Trust Indenture shall be executed <br />on behalf of the City of South Bend, Indiana, and sealed with the <br />corporate seal of such City. <br />Section 4. The Industrial Development Revenue Bond or <br />Bonds to be issued pursuant to such Lease and Trust Indenture shall <br />be executed on behalf of the City of South Bend, Indiana, by the <br />Mayor and the City Clerk of South Bend, Indiana, and shall be sealed <br />with the corporate seal of said City and be payable fully and only <br />-2- <br />