Authorizing and Providing for the Issuance of $2,000,000.00 Sewage Works (Revenue) Bonds for the Purpose of Defraying the Cost of Constructing a Sewage Treatment Works

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Section 11. That the bonds hereby authorized shall be issued pursuant to the provisions of Section 48 -4301 of Burns Indiana GStatutes and the assessed galuation of taxable property in said City being �3//� pJp 1 the total proposed bond issue hereby authorized is less than two per cLn o� such assessed valuation, thereby enabling the issuance of said bonds, without submitting the question of such issuance at an election. Section 12. The provisions of this ordinance shall constitute a contract between the City of South Bend and the holders of the bonds herein authorized to be issued, and after the issuance of any of the bonds no'change, variation, or alteration of any kind of the provisions of this ordinance shall be made in any manner except as herein provided until such time as all of said bonds issued hereunder and the interest thereon have been paid in full. Section 13. If any section, paragraph, clause or provision of this ordinance shall be held invalid, the invalidity of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this ordinance. Section 14. All ordinances, resolutions and orders or parts thereof in conflict with the provisions of this ordinance are to the extent of such conflict hereby repealed. Section 15. It is hereby declared that this ordinance become effective immediately upon its passage and approval. ATTEST: of 1958. Attest: Introduced Adopted by Common Council City Clerk 1938. 1938. Presiding Officer Presented by me to the Mayor of South Bend this day 1938. Approved and signed by me this day of City Clerk Mayor City Clerk 7.