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Authorizing Issuance and sale of aggregate principal amount not to exceed $1,495,000, adjustable rate Econ Dev Rev Bonds
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Authorizing Issuance and sale of aggregate principal amount not to exceed $1,495,000, adjustable rate Econ Dev Rev Bonds
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Last modified
5/15/2009 10:44:42 AM
Creation date
4/28/2009 1:04:25 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/14/2009
Ord-Res Number
9031-99
Bill Number
67-99
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underwrite the sale of the Bonds, and deeming final the portions of an official statement relating to <br />the City and finalizing such document in the form of a final official statement, all in accord with <br />applicable laws. <br />The Executive and Clerk may, by their execution of the documents requiring their signatures <br />or imprinting of their facsimile signatures thereon, approve changes therein and also in those <br />documents which do not require the signature of the Executive and/or Clerk without further approval <br />of this Council if such changes do not affect terms set forth in Indiana Code Title 36, Article 7, <br />Chapter 12, Section 27(a)(1) through (a)(10). <br />SECTION 10. No Personal Liability. No stipulation, obligation or agreement herein <br />contained or contained in the Indenture, the Loan Agreement, the Bonds or in any other agreement <br />or document executed on behalf of the City shall be deemed to be a stipulation, obligation or <br />agreement of any member of the Council, or any officer, agent or employee of the City in his or her <br />individual capacity, and no such member of the Council, officer, agent or employee shall be <br />personally liable on the Bonds or be subject to personal liability or accountability by reason of the <br />issuance thereof. <br />SECTION 11. Action Approved and Confirmed. All acts of the officers of the City which <br />are in conformity with the purpose and intent of this Ordinance and in the furtherance of the issuance <br />of the Bonds and the execution, delivery and performance of the documents and agreements <br />authorized hereby are in all respects ratified, approved and confirmed. <br />SECTION 12. Severabilitv. If any provision of this Ordinance shall be held or deemed to <br />be illegal, inoperative or unenforceable, the same shall not affect any other provision or cause any <br />other provision to be invalid, inoperative or unenforceable to any extent whatsoever. <br />SECTION 13. No Conflict. Any ordinances, resolutions or orders or parts thereof in conflict <br />with this Ordinance are to the extent of such conflict hereby repealed. <br />SECTION 14. Effective Date. This Ordinance shall be in full force and effect from and after <br />its passage and compliance with Indiana law. <br /> <br />Member, South Bend Common Council <br />1 st READING g-Z3-~t`1 <br />PUBLIC HEARING q-1~{-h~. ~ S S~~~ai~~~~'~ <br />3 rd P.EADING ~_ ~y _~c,~ !1 S S 0.~ S~, ~.~„ ~~ <br />NOT APPROVED <br />REFERRED <br />PASSED ~-1`~-`t~1 QS S V_~~s~" ~+a}"~ <br />-4- <br />~i1~~3 ira ~iertc's Ofgic~ <br />SEP 1 0 1999 <br />LGi3~TTA J. pUDA <br />CITY CLERP:, SO. GEHD,lN. <br />
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