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ORDINANCE NO. S`A %- 25' <br />AN ORDINANCE APPROVING THE FORM AND TERMS OF LEASE AND <br />TRUST INDENTURE AND INDUSTRIAL DEVELOPMENT REVENUE BONDS, <br />AND AUTHORIZING THE EXECUTION THEREOF PERTAINING TO <br />RADIO DISTRIBUTING COMPANY, INC. <br />WHEREAS, the Common Council of the City of South Bend, <br />Indiana, heretofore has created the South Bend Economic Development <br />Commission, hereinafter referred to as "Commission ", pursuant to the <br />provisions of the Public Law No. 182 of the Acts of the General <br />Assembly of Indiana for 1973, as such may be amended form time to time, <br />including but not limited to IC 18- 6 -4.5 -2 through IC 18- 6- .45 -28, <br />hereinafter referred to as the "Act "; and <br />WHEREAS,::Radio Distributing Company, Inc. has filed an <br />application with the Commission to finance the acquisition of an <br />existing facility and the purchase of equipment which will constitute <br />economic development facilities resulting in a substantial number <br />of new jobs as well as other benefits; and <br />WHEREAS, in connection wherewith the Commission has prepared <br />and placed on file a report containing the subject matter as specified <br />in Section 16 of IC -1973, 18 -6 -4.5 and has forwarded copies thereof <br />to the Chairman of the Area Plan Commission in the area of which the <br />facilities will be located, and has timely received a favorable <br />report from the Area Plan Commission; and <br />WHEREAS, the Commission held a public hearing on the proposes <br />financing of such facilities on October 31, 1975, after giving the <br />required notice as provided for in Section 17 of IC 1973, 18- 6 -4.5; <br />and <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 <br />Indenture and Industrial Development Revenue Bonds pertaining to <br />Radio Distributing Company, Inc. facilities and the issuance of <br />the Industrial development Revenue Bonds pursuant thereto are <br />hereby approved and adopted. <br />