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Authorize Revenue Bond Pertaininf to Ironwood Partnership
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Authorize Revenue Bond Pertaininf to Ironwood Partnership
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Last modified
11/25/2013 3:32:54 PM
Creation date
11/22/2013 1:29:35 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/22/1974
Ord-Res Number
5657-74
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approved and adopted. <br />Section 2. Said form of Lease Financing Agreement and Trust <br />Indenture, Mortgage and Economic Development Revenue Bond are hereby <br />incorporated by reference into this ordinance and said forms shall <br />be inserted into the minutes of the Common Council of South Bend, <br />Indiana, and shall be Rept on file by the City Clerk. <br />Section 3. The said Lease Financing Agreement and Trust <br />Indenture, Mortgage and Economic Development Revenue Bond shall be <br />executed on behalf of the City of South Bend, Indiana, by the Mayor <br />and City Clerk. <br />Section 4. An Economic Development Revenue Bond pursuant to <br />this ordinance payable solely and only from the rental derived from <br />such facilities under the Lease Financing Agreement and Trust Inden- <br />ture, may be issued in a total sum not to exceed $350,000.00 for <br />a period not to exceed 20 years duration in accordnace with the terms <br />of the said Lease Financing Agreement and Trust Indenture, and that <br />such bond shall be executed on behalf of the City of South Bend, Indiana <br />by the Mayor and the City Clerk and shall be sealed with the corporate <br />seal of the said City. <br />Section 5. This ordinance shall be in full force and effect <br />from and after its passage by the Common Council and approval'. by the <br />Mayor. <br />Me er of Cou rcA 1 <br />I,t READING --7 y <br />PUBLIC HEARING H - L2 - FILED IN CLERKS OFFICE <br />2nd READING <br />NOT APPROVED <br />REFERRED <br />PASSED H- a- ,PR 101974 <br />Irene Gammon <br />air K. SguTM UND, mo. <br />
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