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such officers shall not execute such Lease and Trust Indenture and <br />Economic Development Revenue Bonds within twenty (20) days follow- <br />ing the adoption of this ordinance as provided by law. <br />Section 4. Said Economic Development Revenue Bonds, <br />payable solely and only from the revenue derived from such Singer <br />General Tire, Inc. facilities, may be issued in amounts not to <br />exceed $180,000.00 for a period of fifteen (15) years duration, and <br />for additional amounts not to exceed $20,000.00 for a period of not <br />to exceed ten (10) years duration from the date of the issuance of <br />such bonds in accordance with the terms of said Lease and Trust <br />Indenture and that such bonds shall be executed on behalf of the <br />City of South Bend, Indiana, by the Mayor and City Clerk of South <br />Bend, Indiana, and shall be sealed with the corporate seal of said <br />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 />approval by the Mayor. p� <br />Member of Co r191 1 <br />FILED IN CLERK'S OFFICE <br />1st READING P— a7 -73 <br />PUBLIC hPPR,NG e- / o- 73 AUG 1 01973 <br />2nd R`:_'I:,; ? - /o- 93 <br />NOT Irene Gammo <br />AS . <br />PASSED q— 9 —i0 -7 3 CITY CLERK, SOUTH BEND, I <br />P D. <br />PAS <br />-3- <br />