Authorizing Issuance and Sale of no more than $1,300,000 Econ Dev Revenue bonds, Series 1999 (Rink Riverside Printing)

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Bend, Indiana, and to benefit the health and general welfare ofthe citizens ofthe City of South Bend, Indiana, the Project shall be and is hereby approved and authorized to be financed through the issuance of the Bonds as described herein. The Issuer further determines that the action of the Commission in causing notice of said public hearing to be published as required by Section 36-7-12-24 ofthe Act and Section 147(f) ofthe Code, and in causing a report to be provided to the Executive Director of the area plan commission of St. Joseph County, is in all respects hereby ratified, confirmed and approved, and the holding of said public hearing by the Commission and the delivery of such report are hereby acknowledged and approved. The Mayor, as the "applicable elected representative" ofthe Issuer for purposes of Section 147(f) of the Code, has concurrently herewith approved the issuance of the Bonds in the aggregate principal amount not to exceed $1,300,000 to assist in the acquisition and installation of the Project as hereinbefore provided. Section 3. Small Issue Election of Issuer. The Issuer hereby elects to have the provisions as to the $10,000,000 limitation contained in Section 144(a)(4)(A) of the Code apply to the Bonds. Section 4. Authorization of Bonds. There are hereby authorized to be issued, sold and delivered the Bonds designated as "City of South Bend, Indiana, Economic Development Revenue Bonds, Series 1999 (Rink Riverside Printing, Inc. Project)" in an aggregate principal amount not to exceed One Million Three Hundred Thousand Dollars ($1,300,000), for the purpose of paying a portion of the cost of the acquisition and installation of the Project. Section 5. Terms and Execution of the Bonds. The Bonds shall be issued as fully registered Bonds, without coupons, in the form and denominations set forth in the Loan Agreement; shall bear such date as provided in the Loan Agreement; shall mature on such date as provided in the Loan Agreement; shall bear interest at such rate as provided in the Loan Agreement; shall be subject to tender or redemption prior to maturity upon the terms and conditions set forth in the Loan Agreement; shall be payable at such place or places and in such medium as provided in the Loan Agreement; and shall contain such other terms and provisions as are set forth in the Loan Agreement. The Bonds shall be executed on behalf of the Issuer by the manual or facsimile signatures of the Mayor of the Issuer and the Clerk of the Issuer, and the seal of the Issuer shall be impressed thereon or a facsimile of such seal placed thereon. If the Bonds are issued without a trust indenture or trustee, at least one ofthe authorized signatures on the Bonds shall be manual. In case any officer whose signature or a facsimile thereof shall appear on the Bonds shall cease to be such officer before the issuance or delivery of the Bonds, such signature or facsimile thereof shall nevertheless be valid and sufficient for all purposes, the same as if he had remained in office until after that time. The Bonds are special, limited obligations of the Issuer payable solely from payments of principal of, premium, if any, and interest on the Bonds made by the Borrower under the Project Note and the Loan Agreement except to the extent that the principal of, premium, if any, and interest on the Bonds maybe paid out of money attributable to Bond proceeds or from temporary investments or from other moneys, if any, accruing to the Holder. xESVCS~zasoas. i -3 -