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City. The principal amount of the Bonds referred to herein may be modified with the approval of <br />the Mayor or Deputy Mayor of the City. <br />~:CTION 2. The Common Council hereby approves the reissuance of the Bonds, provided <br />that the Bonds, and the premium, if any, and interest thereon, shall be special obligations of the City <br />secured solely by its interest in the Project and shall never be a debt of the State or any political <br />subdivision thereof, and neither the State nor any political subdivision thereof shall be liable thereon. <br />SF. TTON 3. All costs of reissuance of the Bonds, including all counsel, special counsel and <br />Placement Agent fees, shall be paid by or on behalf of the Owner. <br />SECTION 4. If any section, paragraph or provision of this ordinance shall be held to be <br />invalid or unenforceable for any reason, the invalidity or unenforceability of such section, paragraph <br />or provision shall not affect any of the remaining provisions of this ordinance. <br />SECTION 5. All prior resolutions, ordinances and orders or parts thereof in conflict herewith <br />are to the extent of such conflict hereby repealed; prior resolutions, ordinances and orders or parts <br />thereof consistent with the terms hereof are hereby ratified and confirmed. This ordinance shall take <br />effect from and after its passage. <br />PASSED AND ADOPTED by the Common Council of the City of South Bend, Indiana, this <br />.~~ day of r ~ ~ , 1999. <br />COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA <br />1st READlt~G ~- l Z <br />2rd F.v~,D1~0 ~~^ \2^~1q <br />f~lOT F,PrROVED <br />REFERRED <br />PASSED ~-\2-~ \ <br />ssosoz r~ ~~6~ <br />By: <br />~.,~C'.~ ~,, <br />Member of the Common Council <br />,~. , ... R~,~ <br />f~9AR 3 ~ 199 <br />-2- <br />