HomeMy WebLinkAbout$10,000,000 Economic Development Revenue BondsORDINANCE No. 6645 -79
Passed by the Common Council of the City of South Bend, Indiana
September 24 1979
IRENE K. GAMMON
Presented by me to the Mayor of the City of South Bend, Indiana
September 25 19-1-9—
Clerk
Of Common Council
-- `' City Clerk
IRENE K. GAMMON
Approved and signed by me tee% S,, 19
t
BILL NO. 128 -79
ORDINANCE NO. W414S
AN ORDINANCE SUPPLEMENTING ORDINANCE NO. 6605 -79
ADOPTED JULY 9, L979 AUTHORIZING $10,000,000
ECONOMIC DEVELOPMENT REVENUE BONDS OF THE CITY
OF SOUTH BEND, INDIANA.
BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH
BEND, INDIANA, AS FOLLOWS:
Section 1. Background. (a) The
City of South Bend (the "City ") heretofore
Ordinance No. 6605-79 (the "Bond Ordinance ")
by the City of 10,000,000 principal amount
Revenue Bonds, Series A (Rahn Properties II
A Bonds ");
Common Council of the
adopted on July 9, 1979
providing for issuance
of Economic Development
Project) (the "Series
(b) The Bond Ordinance approved execution of an Inden-
ture of Trust (the "Indenture ") between the City and a state or
national bank located in Indiana and approved by the purchaser of
the Series A Bonds;
(c) The Series A Bonds have not yet been delivered and
paid for, and the purchaser has designated the bank which is to
act as trustee under the Indenture.
Section 2. Designation of Trustee. The Indiana
National Bank Indianapolis , Indiana is hereby
designated as trustee under the Indenture of Trust.
Section 3. The Series A Bonds in the principal amount
not exceeding 10,000,000 shall be issued and delivered from time
to time pursuant to the provisions of the Bond Ordinance.
Section 4.
all of the provisions
and approved and shal
Section 5.
full force and effect
vided by law.
ATTEST:
ity Clerk
Except as supplemented by this ordinance,
of the Bond Ordinance are hereby ratified
1 continue in force.
Effective Date. This ordinance shall be in
from and after passage and appr Val as pro-
.
r / r
Presiding Officer OfficerZY the Common Council
Presented to the Mayor this day of , 1979.
City Clerk
Approved this ;?-r day of , 1979.
M or, City oVouttf%ELend, Indiana
ATTEST:
City Clerk
1st READING
PUBLIC HEARING may' 7
2nd READING 9'd q- 7 5F
NOT APPROVED
SEP 19 1979
r
iD, IND.
STATE OF INDIANA )
) SS
COUNTY OF ST. JOSEPH )
I, the undersigned, hereby certify that I am the duly
qualified and acting City Clerk of the City of South Bend, St.
Joseph County, Indiana, and as such official I further certify
that attached hereto is a full, true and correct copy of Ordinance
No. as adopted by the Common Council of said city on
1979•
WITNESS my official signature and the seal of said city
this day of , 1979•
( S E A L )
1st READING
PUBLIC HEARING
2nd READING
NOT APPROVED
REFERRED
PASSED
City Cler
e-
nr.:,
FILM, L! 'its
SEP 19 197,0
Irene Gammon
CITY CLERK, SOLITM BE?ID, !P!?.
# i t,d !
September 19., 1979 :,rr,
Members of the South Bend Common Council
County -City Building
South Bend, Indiana 46601
RE: Revenue Bond Application
RAHN PROPERTIES II PROJECT
$10,000,000.00
Dear Gentlemen:
Attached to this letter is my transmittal letter filed
July 3, 1979, with a proposed form of Ordinance, which was
adopted by you on July 11, 1979 as Ordinance No. 6605 -79.
We are filing herewith an Ordinance supplementing that
Ordinance authorizing $10,000,000.00 in Economic Development
Revenue Bonds of the City of South Bend, Indiana.
The purpose of this Ordinance is to designate the
Trustee, which was not so indicated in our original Ordinance.
Respectfully,
t
KENNETH P. FEDDER
ATTORNEY FOR THE ECONOMIC
DEVELOPMENT COMMISSION
KPF /mb
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