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REGULAR MEETING """•""`•+ <br />III <br />I <br />RESOLUTION N0. 93 - -65 <br />RESOLUTION IN SUPPORT OF HOUSE OF REPRESENTATIVES BILL <br />1229 NOW PENDING BEFORE THE INDIANA STATE LEGISLATURE <br />WHEREAS, the Common Council of the City of South Bend, Indiana, is aware of the fact that some two hundred <br />(200) residents have been victimized by second mortgage operations carried on in the South Bend area; and <br />WHEREAS, the Cr on Council is desirous of protecting the citizens of South Bend against those companies or <br />individuals loaning money at usurious rates of interest; and <br />WHEREAS, the Common Council has been advised that House of Representatives Bill 1229 would correct the abuses <br />now prevalent in the second mortgage brokerage area and would put a stop to the usurious lending by which so <br />many of our residents have been financially hurt. <br />NOW THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, that we wish to make <br />of record our strong support of House of Representatives Bill 1229, and urge its enactment by the Indiana <br />State Legislature before which it is now pending. <br />/s/ Edwin T. Smith <br />Edwin T. Smith <br />Member of Common Council <br />Councilman Smith made a motion for the adoption of the Resolution. Councilman Wise seconded the motion. <br />Motion carried b y a roll call vote of 8 ayes - 0 nays - 1 absent (Councilman Geib). <br />II <br />ii There being no further business <br />before the Council Councilman Smith made a motion to adjourn. Councilman <br />Maszynski seconded the motion. Motion carried and Council adjourned at 9:20 P.M. <br />ATTEST: APPROVED: <br />?tit. <br />CLERK PRESIDENT <br />