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WHEREAS, on the /o day of ? 1973, this <br />Common Council of the City of South Bend, Indiana, adopted a <br />resolution pursuant to which such financing of such facilities <br />for J and S Realty, a partnership under the Act was approved <br />after a finding that such proposed financing for such entity <br />would be of benefit to the health or welfare of the City of South <br />Bend, Indiana. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of <br />the City of South Bend, Indiana, that: <br />Section 1. The form and terms of the Lease and Trust <br />Indenture and Economic Development Revenue Bonds pertaining to <br />J and S Realty, a partnership facilities and the issuance of <br />the Economic Development Bonds pursuant thereto are hereby <br />approved and adopted. <br />Section 2. Said forms of Lease and Trust Indenture <br />together with Economic Development Revenue Bonds which are on <br />file with the Commission are hereby incorporated by reference <br />into this Ordinance, and said forms shall be inserted into the <br />minutes of the Common Council of the City of South Bend, Indiana, <br />and shall be kept on file by the City Clerk of South Bend, <br />Indiana. <br />Section 3. The Lease and Trust Indenture and Economic <br />Development Revenue Bonds shall be executed on behalf of the <br />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 Economic Development Revenue Bonds, <br />payable solely and only from the revenue derived from such J <br />and S Realty, a partnership, facilities, may be issued in <br />amounts not to exceed $225,000.00 for a period of not to exceed <br />thirty (30) years' duration from the date of the issuance of <br />such bonds in accordance with the terms of said Lease and Trust <br />