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sured along chords to said curve, viz: South 19141' <br />East a distance of 60.0 feet; thence South 22054' East <br />a distance of 100.0 feet; thence South 371)14' East a <br />distance of 100.0 feet; thence South 53052' East a <br />distance of 100.0 feet to the North Right of Way line <br />of spur track Number 1 of said railroad company; <br />thence North 89°51' priest a distance of 364.44 feet <br />along said Northern Right of Way line of spur track <br />Number 1; thence North 00°03' East a distance of <br />364.38 feet; thence North 89°57' West a distance of <br />128.91 feet; thence North 00°02' West a distance of <br />318.24 feet; thence South 89°13' West a distance of <br />13.76 feet; thence North 00°03' East a distance of <br />11.76 feet to the Westerly Right of Way of the New <br />Jersey, Indiana and Illinois Railroad Company Right of <br />`nay of spur track Number 2; thence along said Right of <br />Way Southeasterly 371.89 feet along an arc to the <br />right having a radius of 469.15 feet and subtended by <br />a long chord having a bearing of South 44026'30" East <br />and a length of 362.22 feet to the point of tangency <br />of said curve; thence South 21°44' East a distance of <br />40.0 feet to the point of beginning. <br />1/6th of <br />Subject to /the first installment of taxes for the year 1984, <br />payable in 1985, all subsequent taxes, restrictions and ease- <br />ments of record, and applicable zoning ordinances. <br />This Warranty Deed is delivered by Grantor to Grantee <br />as a gift at no cost to Grantee. Grantee is a municipal cor- <br />poration, organized and operating under the laws of the State <br />of Indiana, and is a political subdivision of the State of <br />Indiana. Grantee has indicated to Grantor that the purpose for <br />which the land covered by this gift will be used by Grantee is <br />to attract to South Bend, Indiana, a manufacturing corporation <br />which will relocate in the community of South Bend, Indiana, <br />and add new manufacturing equipment as well as expand its oper- <br />ations, which will thus increase both employment in the City of <br />South Bend, Indiana, and the assessed valuation of both real <br />estate and personal property in such City. Grantee recognizes, <br />by the acceptance of this Warranty Deed, that such industrial <br />development is of paramount importance to the City of South <br />Bend, Indiana, and constitutes a public purpose under Section <br />170(c)(1) of the Internal Revenue Code of the United States, as <br />amended, and that similar activities have been declared a pub- <br />lic purpose by the General Assembly of Indiana at Public Law <br />309, Section 31, codified as IC 36-7-12-3. Grantee further <br />recognizes that the gift of the land described in this Warranty <br />Deed which will be associated with such manufacturing facility <br />-2- <br />