Determining that it is in the Public Intrest to Acquire the Mas Transportation System of Northern Indiana Transit

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FILED IN C KATHRY1 CITY CLERK, OFFICE -1967 ORDINANCE NO. 4976_67 AN ORDINANCE DETERMINING THAT IT IS IN THE L. BLOUGH PUBLIC INTEREST TO ACQUIRE THE MASS TRANS - NTH BEND, INM PORTATION SYSTEM OF NORTHERN INDIANA TRANSIT, INC., WHICH SHALL BE A DISTINCT MUNICIPAL CORPORATION AND WHICH SHALL BE KNOWN AS 11THE SOUTH BEND PUBLIC TRANSPORTATION CORPORATION" AND DEFINING THE CORPORATE LIMITS OF SAID CORPORATION. WHEREAS, heretofore on the 23rd day of January, 1967, Northern Indiana Transit, Inc., an Indiana corporation, and operators of the mass transportation system in the City of South Bend, Indiana, filed their request with the Common Council of this City asking that the Council determine among other things whether it is in the public interest for the public to acquire the system and, WHEREAS, Northern Indiana Transit, Inc., is of the opinion, by virtue of said request, that public acquisition of the system is necessary to enable the system to render adequate service within the City and, WHEREAS, thereafter the Common Council caused to be made studies to determine whether it is in the public interest to the public to acquire the system and, WHEREAS, as a result of such studies it is the solemn judgment of the Common Council that public acquisition of the system is necessary to enable the system to render adequate service within the City. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: SECTION I. The establishment and maintenance of an urban mass transportation system is necessary to the welfare of the general public in that it expands the economy and social opportunities available to the residents of the City and benefits those who, for economic reasons, reasons of health, reasons of age and demonstrated unfitness to operate a motor vehicle cannot freely move about except through the services rendered by an urban mass transportation system. SECTION II. That there is hereby created a municipal corporation which shall be known as "South Bend Public Transportation Corporation" for the purpose of acquiring the mass transportation system of Northern Indiana Transit, Inc., pursuant to the authority contained in the acts of the Indiana General Assembly for 1965, chapter 337. SECTION III. That said corporation shall have a Board of Directors consisting of five in number. SECTION IV. That the corporate boundaries of the South Bend Public Transportation Corporation shall coincide with and be identical to the corporate boundaries of the Civil City of