Authorizing the Issuance and Sale of Bonds Purpose of Providing Funds to be Applied cost of Construction, Reconstruction and improvement of Streets Approximate Amount $1,000,000.00

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ORDINANCE NO. 3,9',2p An Ordinance of the City of South Bend, Indiana, authorizing the issuance and sale of bonds in said City for the purpose of providing funds to be applied on the cost of construction, reconstruction and improvement of streets, and expenses incurred in connection therewith. fir WHEREAS, the Boaitdof Public Works of the City of South Bend has found that many streets in said City have deteriorated and have become defective to a serious extent; that an emergency exists for the immediate construction, reconstruction and improve- ment of such streets, and that said project is necessary in order to protect the safety and well -being of the citizens of said City, and will be of general benefit to the entire City; and WHEREAS, the Board of Public � "iorksA has determined that the estimated cost of said project, and the incidental expenses necessary to be incurred in connection therewiA , including the issuance of bonds, will be in the approximate amount of One Million Dollars ($1,000,000.00), and has filed a request for an appropriation in said amount for said purpose, which request has been approved by the City Cout)kwller �, with the recommendation that the funds necessary to cover such appropriation be obtained by the issuance and sale of general obligation bonds of the City; and WHEREAS, the Council now finds that the construction, re- construction and improvement of streets is immediately necessary and will be. of general benefit to the City and its citizens; now, therefore, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA: Section 1. That the City of South Bend (hereinafter some- times referred to as the "City ") by and through its Board of Ai -(# fe&fef' Public Works, proceed with the construction, reconstruction and improvement of streets, in accordance with such plans and speci- fications which have been and may hereafter be approved by the Board of Public Works.