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shares shall not be for an amount less than the appraised value <br />thereof. <br />Section 3. That in the event the appraisal is equal <br />to or less than the amount of the obligation of the city of <br />South Bend to the said South Bend Manufacturing Company, then <br />the said Mayor is authorized to make the transfer of stock as <br />described under section two (2) hereof in exchange for a release <br />of liability to the City, executed by and on behalf of the South <br />Bend Manufacturing Company and the Oliver Farm Equipment Company. <br />Section 4. This ordinance shall be in full force <br />and effect from and after its passage by the Common Cduncil and <br />its approval by the Mayor. <br />let R 2nd READING° <br />COMIIRTTEE OF THE WHOLE <br />PUBLIO HEARING f <br />Sal READING /� is /4 % <br />NOT A?PRBYED <br />REFERRED- <br />CASSEP) <br />