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<br />I <br /> <br />ORDINANCE NO. 83- 5 <br /> <br />ORDINANCE AUTHORIZING THE TOWN OF MOORESVILLE <br />TO ISSUE ITS "ECONOMIC DEVELOPMENT FIRST MORTGAGE <br />REVENUE BONDS, SERIES 1983 (KENDRICK ME~10RIAL HOSPITAL <br />·PROJECT)" AND APPROVING OTHER ACTIONS IN RESPECT THERETO <br /> <br />WHEREAS, the Mooresville Economic Development Commission <br /> <br />has rendered its Project Report for the Kendrick Memorial Hos- <br /> <br />pital Project regarding the financing of proposed economic de- <br /> <br />velopment facilities for Kendrick Memorial Hospital and the <br /> <br />Mooresville Plan Commission have commented favorably thereon; <br /> <br />and <br /> <br />WHEREAS, the Mooresville Economic Development Commission <br /> <br />conducted a public hearing on May 3rd, 1983, and also adopted a <br /> <br />resolution on May 3rd, 1983, which Resolution has been trans- <br /> <br />mitted hereto, finding that the financing of certain economic <br /> <br />development facilities of Kendrick Memorial Hospital, complies <br /> <br />with the purposes and provisions of I.C. 36-7-12 and that such <br /> <br />financing will be of benefit to the health and welfare of the <br /> <br />Town of Mooresville and its citizens; and <br /> <br />WHEREAS, the Mooresville Economic Development Commission <br /> <br />has heretofore approved and recommended the adoption of this <br /> <br />form of Ordinance by this Town Council and has approved the <br /> <br />forms of and has transmitted for approval by the Town Council <br /> <br />the final forms of the Loan Agreement, Mortgage and Security <br /> <br />Agreement, <br /> <br />Note, <br /> <br />Bond Purchase Agreement and Indenture of <br /> <br />Trust; now therefore, <br /> <br />BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF ~100RES- <br /> <br />VILLE, INDIANA that: <br />