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No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA
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No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA
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SECTION 11. The Controller is hereby authorized and <br />directed to obtain a legal opinion as to the validity of the Series <br />1992 Bonds from Baker & Daniels, bond counsel, of South Bend, <br />Indiana, and to furnish such opinion to the purchaser of the Series <br />1992 Bonds. The cost of said opinion shall be considered as part <br />of the costs incidental to these proceedings and shall be paid out <br />of the proceeds of the Series 1992 Bonds. <br />SECTION 12. Any Series 1992 Bonds issued under this <br />Series 1992 Bond Resolution may be initially issued in temporary <br />form exchangeable for definitive Series 1992 Bonds. The temporary <br />Series 1992 Bonds may be printed, lithographed or typewritten, <br />shall be of such denominations as may be determined by the <br />Commission, shall be in fully registered forms and may contain such <br />reference to any of the provisions of this Series 1992 bonds <br />Resolution as may be appropriate. Every temporary Series 1992 Bond <br />shall be executed, sealed and attested by the Mayor and Controller <br />in substantially the same manner as provided in Section 1 hereof. <br />If temporary Series 1992 Bonds are issued, definitive Series 1992 <br />Bonds will be executed and furnished without delay and thereupon <br />the temporary Series 1992 Bonds may be surrendered for cancellation <br />at the principal office of the Registrar and the Registrar shall <br />deliver in exchange for such temporary Series 1992 Bonds an equal <br />aggregate principal amount of definitive Series 1992 Bonds of the <br />same interest rates and maturities. Until so exchange, the <br />temporary Series 1992 Bonds shall be entitled to the same benefits <br />under this Series 1992 Bond Resolution as definitive Series 1992 <br />Bonds issued hereunder. <br />SECTION 13. The Mayor is hereby authorized to execute <br />the Series 1992 Bonds with his manual or facsimile signature and <br />the Controller is hereby authorized and directed to have the <br />definitive Series 1992 Bonds prepared, attest the Series 1992 Bonds <br />with his manual or facsimile signature, and cause the seal of the <br />City to be impressed or a facsimile thereof to be printed on the <br />Series 1992 Bonds, all in the form and manner herein provided. In <br />case any officer whose signature appears on the Series 1992 Bonds <br />shall cease to hold that office before the delivery of the Series <br />1992 Bonds, the signature shall nevertheless be valid and <br />sufficient for all purposes, the same as if such officer had <br />remained in office until the delivery of the Series 1992 Bonds. <br />After the Series 1992 Bonds shall have been properly executed, the <br />Controller shall deliver the same to the Treasurer of St. Joseph <br />County, ex officio Treasurer of the City, and shall take his <br />receipt therefor; and upon the consummation of the sale of the <br />Series 1992 Bonds, the Controller shall then certify to the <br />Treasurer the amount which the purchaser is to pay for the same <br />together with the name and address of the purchaser; thereupon, <br />said Treasurer shall be authorized to receive from the purchaser <br />the amount so certified by the Controller and to deliver the Series <br />1992 Bonds to such purchaser and take the purchaser's receipt for <br />the Series 1992 Bonds. If the Treasurer of St. Joseph County is <br />NW <br />
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