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Authorizing Revenue Bonds - Hoffman Bros. Sales & Service
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Authorizing Revenue Bonds - Hoffman Bros. Sales & Service
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Last modified
12/5/2013 11:38:44 AM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/13/1972
Ord-Res Number
5458-72
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Section 2. Said forms of Lease and Trust Indenture and <br />Economic Development Revenue Bonds as amended at this meeting <br />are hereby incorporated by reference into this ordinance and <br />said forms shall be inserted into the minutes of the Common <br />Council of South Bend, Indiana, and shall be kept on -file by <br />the City Clerk of South Bend, Indiana. <br />Section 3. The said Lease and Trust Indenture and <br />Economic Development Revenue Bonds as amended at this meeting <br />shall be executed on behalf of the City of South Bend, Indiana, <br />by the Mayor and City Clerk, but such officers shall not <br />execute such Lease and Trust Indenture and Economic Development <br />Revenue Bonds within twenty (20) days following the adoption <br />of this ordinance as provided by law. <br />Section 4. Said Economic Development Revenue Bonds, payable <br />solely and only from the revenue derived from such Hoffman Bros. <br />Sales and Service and /or Auto Electric Warehousing, Inc. <br />facilities may be issued in a total sum of not to exceed <br />$110,000.00 for a period not to exceed 20 years duration from <br />the date of the issuance of such bonds in accordance with the <br />terms of said Lease and Trust Indenture as amended at this <br />meeting and that such bonds shall be executed on behalf of the <br />City of South Bend, Indiana, by the Mayor and City Clerk of <br />South Bend, Indiana, and shall be sealed with the corporate <br />seal of said 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. <br />FILED IN CLERK'S 0' '!':E <br />Irene <br />CITY CLERK, SOUTH BEND, e.o. Preside of o it <br />1st &t= READING /� -i� �a <br />COMMITTEE OF THE WHOLE <br />PUBLIC HEARING / /- t 3.1 )- <br />3sdREADING % / -i3.1i s 1972 <br />NOT APPROVED goo 2 <br />REFERRED �`� <br />PASSED /I- /3, Id, Y <br />
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