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ORDINANCE NO. 3816 <br />An Ordinance of the City of South Bend, Indiana, <br />appropriating the sum of Five Hundred Thousand <br />Dollars ($5002000.00) to be applied on the cost of <br />construction and improvement of streets, and expenses <br />incurred in connection therewith <br />WHEREAS, the Board of Public V +orks and Safety of the City of South <br />Bend, Indiana, has found that it would be for the best interests of said City <br />and its citizens to provide for the construction and improvement of streets in <br />said City, thereby relieving and improving the existing street system, and has <br />determined that the estimated cost of said project, and the incidental expenses <br />necessary to be incurred on account of said project and in connection with the <br />issuance of bonds on account thereof, will be in the approximate amount of Five <br />Hundred Thousand Dollars ($500,000.00); and <br />WHEREAS, the Board of Public Works and Safety has filed a request for <br />an appropriation in the amount of Five Hundred Thousand Dollars ($500,000.00) for <br />said purpose, which request has been approved by the City Controller of said City, <br />with the recommendation that the funds necessary to cover such appropriation be <br />obtained by the issuance and sale of general obligation bonds of the City; and <br />WHEREAS, a petition has been filed under the provisions of Chapter 119 <br />of the Acts of 1937 by more than fifty (50) owners of taxable real estate in the <br />City of South Bend, Indiana, requesting the Common Council to issue bonds in an <br />amount not exceeding the sum of Five Hundred Thousand Dollars ($500,000.00) for <br />the purpose of procuring funds to be applied on the cost of construction and im- <br />provement of streets in said City, which petition the Council has found to be <br />sufficient under the provisions of said act; and <br />WHEMUS, the Council now finds that the construction of said street <br />project will improve and relieve the existing street system and will be of <br />general benefit to the City and its citizens; and <br />WHEREAS, the Council now finds that the City has no funds available <br />or provided for in the existing budget and tax levy which may be applied on <br />said project, making it necessary to authorize the issuance of bonds of the City <br />in order to procure such funds, and that an extraordinary emergency exists for <br />