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5. That the liability and obligation of the South <br /> Bend Economic Development Commission, the South Bend Common <br /> Council and the City of South Bend, Indiana, shall be limited <br /> solely to the good faith efforts to consummate such proceedings <br /> and issue such Bonds, and the South Bend Economic Development <br /> Commission and the City of South Bend, Indiana, their officers <br /> and agents, shall not incur any liability if for any reason the <br /> proposed issuance of such Bonds is not consummated. <br /> This Inducement Resolution shall be in full force and <br /> effect from and after its adoption by the Common Council and <br /> approval by the Mayor. <br /> Member of the C flon Council <br /> Dated October c) , 1985 <br /> hi‘j CL WS ONE <br /> OCT 1985 <br /> PRESENTED /0 -- SI-8 IRENE GAMMON <br /> NOT APPROVED C!fl' C1 rp S <br /> ADOPTED I O - k j -4- <br />