Authorizing the making of a Temporary Loan for the General Fund and the Issuance and Sale of Warrants of the City for such purpose.

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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 its corporate seal to be hereunto affixed and attached by its City Clerk, as of the day of 1963. ATTEST: City Clerk CITY OF SOUTH BEND L001A Countersigned: Mayor City Controller Sec. 3. The City Controller is hereby authorized and directed to have said warrants prepared in the sum 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 thereof, once each week, for two (2) weeks in the South Bend Tribune and The Record. 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 on all of the warrants to their maturity or maturities and deducting therefrom the premium bid, if any. The notice of sale shall describe briefly the warrants, setting out the facts in regard to the amount, denomination, rate of interest, dates of issu- ance and maturity, and a fixed time and place for the receiving of bids there- for. 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 Con- troller shall have the right to reject any and all bids. In the event no satis- factory bids for said warrants are received at the time fixed in said notice.,