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FILED IN CLERK'S OFFICE <br />NOV 9 1J61 <br />ORDINANCE N0 - �1�16 KATHRYN L. BL.OUG <br />CITY CLERK, SOUTH BEND, if1C <br />An Ordinance of the City of South Bend, Indiana <br />authorizing the issuance and sale of bonds of said <br />City in order to ,provide funds for the cost of <br />acquisition of land, easements and rights -of -way <br />and the construction thereon of major arterial <br />streets to extend the inner belt street system; <br />for the construction and equipping or the remodeling <br />and equipping of a building for use as a fire station <br />and the acquisition, improvement and landscaping of <br />any land necessary as a site therefor; construction <br />of sewers; construction, reconstruction and improving <br />of streets; and the engineering, architectural, <br />appraisal, abstracting, title insurance and legal <br />fees and expenses incidental thereto and the expenses <br />and legal fees incidental to the issuance of said bonds. <br />WHEREAS, the Board of Public Works and Safety of the City of South Bend, <br />Indiana has found that it would be for the best interests of said City and its <br />citizens to ,provide funds for the cost of acquisition of land, easements and <br />rights -of -way and the construction thereon of major arterial streets to extend <br />the inner belt street system; for the construction and equipping or the remodeling <br />and equipping of a building for use as a fire station and the acquisition, improve- <br />ment and landscaping of any land necessary as a site therefor; construction of <br />sewers; construction, reconstruction and improving of streets; and the engineering, <br />architectural, appraisal, abstracting, title insurance and legal fees and expenses <br />incidental thereto and the expenses and legal fees incidental to the issuance of <br />bonds therefor; and has determined that the estimated cost thereof and the <br />incidental expenses necessary to be incurred in connection therewith, including <br />the issuance of bonds, will be in the approximate amount of One Million Five <br />Hundred Thousand Dollars ($1,500,000) ; and <br />WHEREAS, a petition has been filed under the provisions of Chapter 119 <br />of the Acts of 1937, as amended, by more than fifty (50) owners of taxable real <br />estate in the City of South Bend, Indiana requesting the Common Council to issue <br />bonds in an amount not exceeding One Million Five Hundred Thousand Dollars <br />($1,500,000) for the purpose of procuring funds to be applied on the cost of the <br />projects hereinbefore described; and <br />WHEREAS, the Council now finds that the said acquisition, construction, <br />equipping and improvements are necessary in order to protect the well -being and <br />-1- <br />