Authorizing Revenue Bond Metalstamp Inc

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ORDINANCE NO. SPOI -�15 AN ORDINANCE OF THE CITY OF SOUTH BEND AUTHORIZING THE CONSTRUCTION AND FINANCING OF ADDITIONAL INDUSTRIAL FACILITIES, THE ISSUANCE AND SALE OF A REVENUE BOND TO PAY THE COST THEREOF, AND THE LEASING OF SUCH FACILITIES TO METALSTAMP, INC., AND OTHER MATTERS RELATING THERE TO WHEREAS, the South Bend Development Commission adopted a resolution on August 9, 1974, approving the financing of certain additional industrial facilities to be leased to Metalstamp, Inc., and approving a proposed form of ordinance Amended Lease Agreement, Mortgage and Indenture of Trust, and related documents, and finding that the proposed financing complies with the purposes and provisions of IC 1971, 18- 6 -4.5; and WHEREAS, said resolution was presented to the City Clerk for presentation to the Common Council of the City of South Bend and was so presented; now therefore, BE IT ORDAINED'.: BY THE COMMON COUNCIL of the City of South Bend, Indiana: Section 1. It is hereby found that the financing of the industrial facilities referred to in the Lease, previously approved by the South Bend Development Commission and presented to the Common Council, the construction of such facilities, and the leasing thereof to Metalstamp, Inc., will be of benefit to the health and welfare of the City of South Bend. Section 2. The forms of Amended Lease Agreement, Mortgage and Indenture of Trust, and Letter Agreement for Construction approved by the South Bend Development Commission are hereby approved and all of such documents collectively shall be con- sidered and "Financing Agreement" referred to in IC 1971, 18- 6 -4.5. Such documents shall be incorporated herein by reference and shall be inserted in the minutes of the Common Council and dept on file by the City Clerk. Section 3. The City of South Bend shall issue its Li R_>,DiNG PUBLIC JiEA'RING 2nd F'Ar NG NOT APPROVED RE-F.RRED PASSED s / -A7 -7s FILED IN CLERK'S OFFICE 6 1976 Irene Gammon CITY CLERK, SOUTH BEND, IND,