HomeMy WebLinkAboutSupport of House of Representatives Bill 1229 RESOLUTION
N0. 93--65
Passed by the Common Council of the City of South Bend, Indiana,
January 25, I S65
Attest: City Clerk
Attest: President of Common Council.
Presented by me to the Mayor of the City of South Bend, Indiana
February 2, 19 65
City Clerk
Approved and signed by me February 2, 1965
Mayor
RESOLUTION NO. 93--65
RESOLUTION IN SUPPORT OF HOUSE
OF REPRESENTATIVES BILL 1229 NOW PENDING
BEFORE THE INDIANA STATE LEGISLATURE
WHEREAS, the Common Council of the City of South Bend, Indiana
is aware of the fact that some two hundred (200) residents have
been victimized by second mortgage operations carried on in the
South Bend area; and
WHEREAS, the Common Council is desirous of protecting the
citizens of South Bend against those companies or individuals
loaning money at usurious rates of interest; and
WHEREAS, the Common Council has been advised that House of
Representatives Bill 1229 would correct the abuses now prevalent
in the second mortgage brokerage area and would put a stop to the
usurious lending by which so many of our residents have been
financially hurt.
NOW THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE
CITY OF SOUTH BEND, INDIANA, that we wish to make of record our
strong support of House of Representatives Bill 1229 , and urge its
enactment by the Indiana State Legislature,before which it is now
pending . ,
Edwin T. Smith
Member of Common Council
The above resolution was unanimously passed by a vote of
8-0 , one member being out of the city, counted absent, and there-
fore unable to vote, in a public meeting held January 25, 1965 .