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Section 2. Said forms of the Lease Agreement and Indenture <br />of Trust together with Industrial Development Revenue Bonds which <br />are on file with the Commission are hereby incorporated by reference <br />into this Ordinance, and said forms shall be inserted into the minutes <br />of the Common Council of the City of South Bend, Indiana, and shall <br />be kept on file by the City Clerk of South Bend, Indiana. <br />Section 3. The Lease Agreement and Indenture of Trust and <br />Industrial Development Revenue Bonds shall be executed on behalf <br />of the City of South Bend, Indiana by the Mayor and City Clerk and <br />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 <br />IBS Investments, Inc. facilities, may be issued in amounts not <br />to exceed $180,000 over a period of fifteen (15) years in <br />accordance . with the terms of said Lease Agreement and Indenture <br />of Trust and that such Bonds shall be executed on behalf of the City <br />of South Bend, Indiana, and shall be sealed with the corporate seal <br />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 />PRESENTED BY: <br />Coui cilmall <br />