Authorizing Temporary Loans for the General Fund the Issuance and Sale of Warrants

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It is hereby certified that in the issuance of this warrant all provisions of the Constitution and statutes of the State of Indiana relating thereto have been complied with, and that the tax levy from the proceeds of which this warrant and the interest hereon is payable, is a valid and legal levy, and that the City will reserve a sufficient amount of the proceeds thereof for the payment of this warrant and the interest hereon. IN WITNESS WHEREOF, the City of South Bend has caused this warrant to be signed in its corporate name by its Mayor, countersigned by its City Controller, and has caused its corporate seal to be hereunto affixed and attached by its City Clerk, as of the day of , 19 . M ATTEST: City Clerk CITY OF SOUTH BEND or COUNTERSIGNED City Controller Section 3. The City Controller is hereby author- ized and directed to have said warrants prepared in the sums herein provided and to sell said warrants as a whole, or in parcels, to the highest bidder therefor, at not less than the face value thereof, plus accrued interest, if any, after the date thereof, after giving notice of said sale or sales thereof, once each week, for two (2) weeks in the South Bend Tribune and in the Tri- County News. The highest bidder shall be the one who offers the lowest net interest cost to the City, to be determined by computing the total interest of all the warrants to their maturity or maturities and deduct- ing therefrom the premium bid, if any. The notice of the sale shall describe briefly the warrants, setting out the facts in regard to the amount, denomination, rate of inter- est, dates of issuance and maturity, and a fixed time and place for the receiving of bids therefor. The Controller shall be authorized to reserve the right to deliver all of said warrants at one time, or in parcels as stated in said Notice. The Controller shall have the right to reject any and all bids. In the event that no satisfactory bids for said warrants are received at the time or times fixed in said notices, the sales may be continued from day to day thereafter fnr a neri nti nni- i-n PYnPP(il i-.hi »f .r (,?o)