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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 />MIDSTATE POWER TRANSMISSION COMPANY, INC. facilities, may be <br />issued in amounts not to exceed Two Hundred Twenty -five Thousand <br />($225,000.00) Dollars for a period not exceeding twenty (20) years <br />after the first monthly installment due thereon, in accordance with the <br />terms of said Lease and Trust Indenture and that such Bonds shall <br />be execttdd 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 Q, J <br />PUBLIC F,cARING $ <br />2n8 READING <br />NOT APPROVED. <br />REFERRED <br />PASSED <br />Member of the Co on 0ouncil <br />IW-C <br />�iLED IN CLERK'S OFFICE <br />;q7t <br />Irene Gammon <br />CIiY CLERK, SOUTH BEND, IND. <br />