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its revenue bonds, which bonds will not be general obligations of <br /> the City but will be payable solely from the limited sources autho- <br /> rized and permitted by the Act. <br /> 2. The proposed financing will be of benefit to the eco- <br /> nomic welfare of the City and will comply with the purposes and pro- <br /> visions of the Act. <br /> 3. Martin 's Realty may proceed with acquisition and con- <br /> struction of the economic development facilities in reliance upon <br /> this resolution. <br /> 4. That the liability and obligation of the South Bend <br /> Economic Development Commission, the South Bend Common Council and <br /> the City of South Bend, Indiana, shall be limited solely to the good <br /> faith efforts to consummate such proceedings and issue such Bonds, <br /> and the South Bend Economic Development Commission and the City of <br /> South Bend, Indiana, their officers and agents, shall not incur any <br /> liability if for any reason the proposed issuance of such Bonds is <br /> not consummated. <br /> This Inducement Resolution shall be in full force and ef- <br /> fect from and after its adoption by the Common Council and approval <br /> by the Mayor . <br /> Member of the n C ouncil <br /> PRESENTE[! Y 13 "~D C +M C �E <br /> NOT APPROVED MAY !4 1.983 <br /> ADOPTED 0-- -cfS <br /> C P�CAERRL SD10 BEND,IND <br /> -2- <br />