Authorizing the making of a Temporary Loan for the General Fund & Issuance and Sale of Warrants

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purchaser., numbered consecutively from 1 up, bearing interest at a rate not to exceed three per cent per annum, the exact rate to be determined by bidding, which interest shall be payable at the time of the payment of the principal of said warrants, and all of said warrants, together with the interest thereon, shall mature and be payable on November 15, 1961. For the payment of said warrants and the interest thereon, there is hereby appropriated and pledged a suggested amount of the current revenues of the City to be derived from the General fund, tax levy collectible in the year 1961. The Controller and Treasurer are hereby authorized and directed to pay said warrants out of said taxes upon the presentation thereof, at /or after maturity. Sec. 2. Said warrants shall be signed by the Mayor, countersigned by the Controller, and the seal of the `City shall be affixed thereto and attested by the signature of the City Clerk, and the interest accruing on said warrants to the date of maturity shall be added to and included in the face value thereof, as required by statute. Each of said warrants shall, on the face thereof, indicate the fund on account of which said warrant is issued and out of which said warrant is payable. Said warrants shall be issued in substantially the following form, all blanks to be properly filled in before delivery: NO. STATE OF INDIANA COUNTY OF ST. JOSEPH CITY OF SOUTH BEND, INDIANA TEMPORARY LOAN WARRANT (GENERAL FUND) FOR VALUE RECEIVED, the City of South Bend, in St. Joseph County, Indiana, will pay to the bearer hereof, $ on November 15, 1961, at the office of the City Treasurer in said City upon presentation and surrender of this warrant. This warrant evidences a temporary loan to the City, together with interest on the principal amount of said loan at the rate of per cent per annum, computed from the date of issuance to the date of maturity thereof. This warrant is one of an issue aggregation of $ authorized by an ordinance entitled "An Ordinance of the City of South Bend, -2-