Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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week for two (2) weeks in the South Bend Tribune and Tri- County News and a summary notice one time in The Indianapolis Commercial and The Bond Buyer, the last publication to be least seven (7) days prior to the date fixed for said sale. The bond sale notice shall state the time and place of sale, the character and amount of the bonds, the maximum interest rate, the terms and conditions upon which bids shall be re- ceived and the sale made, and such other information as the City Controller and the attorneys employed by the City shall deem advisable. Said notice shall provide, among other things, that each bid shall be accompanied by a certified or cashier's check in the amount of two per cent (2%) of the par value of the bonds, to guarantee performance on the part of the bidder, and that in the event the successful bidder shall fail or re- fuse to accept delivery of the bonds and pay for the same as soon as the bonds are ready for delivery, or at the time fixed in the notice of sale, then said check and the proceeds there- of shall be the property of the City and shall be considered as its liquidated damages on account of such default; also, that bidders for said bonds will be required to name the rate or rates of interest which the bonds are to bear and that such interest rate or rates shall be in multiples of one - fourth (1/4) or one -tenth (1 /10) of one per cent (1%); also that the opinion of Ice Miller Donadio & Ryan, bond counsel of Indian- apolis, Indiana, approving the legality of said bonds, will be furnished to the purchaser at the expense of the City, and that no conditional bids will be considered. The bonds shall be awarded by the City Controller to the highest qualified bidder who has submitted his bid in accord- - 15 -