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36-25 An Ordinance of the Common Council of the City of South Bend, Indiana, Amending the Loan Agreement and Approving and Authorizing Actions in Respect Thereto (Monreaux Project)
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36-25 An Ordinance of the Common Council of the City of South Bend, Indiana, Amending the Loan Agreement and Approving and Authorizing Actions in Respect Thereto (Monreaux Project)
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which may be necessary, appropriate or desirable to consummate the transactions contemplated <br /> by the Amendment, and their execution is hereby confirmed on behalf of the City. The Mayor, <br /> Controller and Clerk may, by their execution of the Amendment and any other documents <br /> requiring their signatures and imprinting of their facsimile signatures thereon, approve any and all <br /> such changes therein and also in the Original Agreement and any other documents without further <br /> approval of this Common Council or the Commission if such changes do not affect terms set forth <br /> in Sections 27(a)(1)through and including (a)(10) of IC 36-7-12. <br /> Section 4. The provisions of this ordinance, the Original Agreement and the <br /> Amendment shall constitute a contract binding between the Issuer and the Borrower. <br /> Section 5. All ordinances, resolutions and orders, or parts thereof, in conflict with the <br /> provisions of this ordinance are, to the extent of such conflict, hereby repealed. <br /> Section 6. It is hereby determined that all formal actions of the Common Council <br /> relating to the adoption of this ordinance were taken in one or more open meetings of the Common <br /> Council,that all deliberations of the Common Council and of its committees, if any,which resulted <br /> in formal action, were in meetings open to the public, and that all such meetings were convened, <br /> held and conducted in compliance with applicable legal requirements, including IC 5-14-1.5, as <br /> amended. <br /> Section 7. The Mayor, Controller, and Clerk, and any other officer of the City are <br /> hereby authorized and directed, in the name and on behalf of the City,to execute and deliver such <br /> further documents and to take such further actions as such person(s)deem(s)necessary or desirable <br /> to effectuate the purposes of this ordinance, and any such documents heretofore executed and <br /> delivered and any such actions heretofore taken, be, and hereby are, ratified and approved. <br /> -2- <br /> 4915-3888-6458.1 <br />
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