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Approving Revenue Bonds Attco Machine Products Inc
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Approving Revenue Bonds Attco Machine Products Inc
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Last modified
11/19/2013 3:14:27 PM
Creation date
11/19/2013 8:19:10 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/27/1975
Ord-Res Number
5799-75
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i <br />WHEREAS, on the a7t-` day of C1._, 1975, this <br />Common Council of the City of South Bend",`— Indiana, adopted a <br />(resolution pursuant to which such financing of such facilities for <br />Attco Machine Products, Inc. under the Act was approved <br />after a finding that such proposed financing for such entity would <br />be of benefit to the health or welfare of the City of South Bend, <br />Indiana. <br />NOW, THEREFORE, BE IT ORDAINED by the Common Council of <br />the City of South Bend, Indiana, that: <br />Section 1. The form and terms of the Lease and Trust <br />Indenture and Industrial Development Revenue Bonds pertaining to <br />Attco Machine Products, Inc. facilities and the issuance <br />of the Industrial Development Revenue Bonds pursuant thereto are <br />(hereby approved and adopted. <br />Section 2. Said forms of Lease and Trust Indenture <br />together with Industrial Development Revenue Bonds which are on file <br />with the Commission are hereby incorporated by reference into this <br />Ordinance, and said forms shall be inserted into the minutes of <br />the Common Council of the City of South Bend, Indiana, and shall <br />be kept on file by the City Clerk of South Bend, Indiana. <br />Section 3. The Lease and Trust Indenture and Industrial <br />(Development Revenue Bonds shall be executed on behalf of the City <br />of South Bend, Indiana by the Mayor and City Clerk and sealed with <br />the corporate seal of such City. <br />Section 4. Said Industrial Development Revenue Bonds, <br />payable solely and only from the revenue derived from such Attco <br />Machine Products, Inc. facilities, may be issued in amounts <br />not to exceed $325,000.00 over a period of fifteen (15) years from <br />April 1, 1975 in accordance with the terms of said Lease and Trust <br />Indenture and that such Bonds shall be executed on behalf of the City <br />of South Bend, Indiana, by the Mayor and City Clerk of South Bend, <br />(Indiana, and shall be sealed with the corporate seal of said City. <br />Section 5. This Ordinance shall be in full force and <br />effect from and after its passage by the Common Council and <br />THORNBURG, MCGILL, approved by the Mayor. <br />DEAHL. HARMAN, <br />CAREY 9 HURRAY Presented by <br />Councilman <br />-2- <br />
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