Authorizing issuance of revenue bonds to evidence a loan from the industrial revolving fund relating to Bosch

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with the Bonds with respect to the pledge of the Bosch Funds and the Mortgage and Collateral Assignment (as set forth herein). The Clerk of the City is hereby appointed as registrar (the "Registrar") for the Bonds and is hereby charged with the responsibility of authenticating the Bonds. The Registrar shall keep and maintain at its principal office books for the registration of the Bonds. The Bonds shall be transferrable or exchangeable only upon the bond register by the registered owner thereof in person, or by his attorney duly authorized in writing, upon surrender of such Bond together with a written statement of transfer or exchange satisfactory to the Registrar duly executed by the registered owner, or his attorney duly authorized in writing, and thereupon a new fully registered Bond in the same aggregate principal amount and of the same maturity shall be executed and delivered in the name of the transferee or transferees or the registered owner, as the case may be, and in exchange therefor. Section 3. The Bonds to be issued by the City to evidence the Loan shall be secured by the Mortgage and the Collateral Assignment. The City hereby pledges the Mortgage and the Collateral Assignment to secure the payment of the principal of and interest on the Bonds. Such pledge is on a parity with the pledge made of the Mortgage and Collateral Assignment with respect to the Parity Bonds and senior to the pledge made with respect to the Junior Bonds. The City further pledges the Bosch Funds, which pledge is on a parity with the pledge of the Bosch funds for the Parity Bonds and senior to the pledge of the Bosch Funds for the Junior Bonds for the purpose of paying the principal of and interest on the Bonds. Section 4. The Mayor and the Clerk of the City are hereby authorized and directed to execute, attest, and deliver and the Clerk is hereby authorized to affix the seal on, when and if appropriate, the Loan Agreement, the Mortgage, and the Collateral Assignment together with ::ODMA\MF IODMA\SBIMAN1;103388;3 '4'-