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6. Possession of such property shall be given to the <br />Optionee as of the date of the closing of the transaction. <br />7. The granting of this option shall be binding on the <br />assigns and r�pr�scnta/txao s, o t7zc oatior.�r _ <br />Dated. this day of November, 1961. <br />PLACE AND COMPANY, INC. <br />0 <br />Andrew S. Place, President <br />"Optionor" <br />ACKNOWLEDGEMENT AND ACCEPTANCE <br />Receipt of the foregoing executed. option is hereby <br />acknowledged and accepted by the CIT OF SOUTH BEND, BOARD Off' <br />(O <br />PUBLIC WORKS AND SAFETY, this day of November, 1961. <br />Irving JI/ Smith <br />Edwin L. Davies <br />ymond S. Andrysi <br />Constituting all the members of the <br />Board of Public Works and Safety <br />of the City of South Bend, Indiana. <br />-- 3 - <br />