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that such proposed financing for such entity would be of benefit <br />to the health or welfare of the City of South Bend, Indiana. <br />NOW THEREFORE, BE IT RESOLVED, by the Common Council <br />of the City of South Bend, Indiana, that; <br />Section 1. The form and terms of the Lease and Trust <br />Indenture and Industrial Development Bonds pertaining to August <br />K. Brenner and Doris Ann Brenner, facilities and the issuance of <br />the Industrial Development Revenue Bonds pursuant thereto are <br />hereby approved and adopted. <br />Section 2. Said forms of Lease and Trust Indenture <br />together with Industrial Development Revenue Bonds 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 <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. Said Industrial Development Revenue Bonds <br />payable solely and only from the revenue derived from such August <br />K. Brenner and Doris Ann Brenner facilities may be issued in <br />amounts not to exceed $135,000.00 for a period of Fifteen (15) <br />years, with the terms of said Lease and Trust Indenture and <br />that such Bonds shall be executed on behalf of the City of <br />South Bend, Indiana, by the Mayor and City Clerk of South Bend, <br />Indiana, and shall be sealed with the corporate seal of said City. <br />Section 4. 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 />-2- <br />