Authorizing the Making of a Temporary Loan and the Issuance and Sale of Warrants

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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, in- dicate 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) $600,000.00 FOR VALUE RECEIVED, the City of South Bend, in St. Joseph County, Indiana, will pay to the bearer hereof, Three Hundred Thousand ($300, 000. 00) Dollars, on November 15, 1961, and Three Hundred Thousand ($300, 000. 00) Dollars, on December 15, 1961, at the office of the City Treasurer in said City upon pre- sentation 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 three per cent per annum, com- puted from the date of issuance to the date of maturity thereof. This warrant is one of an issue aggregation of Six Hundred Thousand ($600, 000. 00) Dollars, authorized by an ordinance entitled "An Ordinance of the City of South Bend, Indiana, authorizing the making of a temporary loan for the General Fund and the issuance and sale of warrants of the City for such purpose ", duly passed and adopted by -3-