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<br />~ <br /> <br />~ <br /> <br />-.. <br /> <br />Commission is hereby approved, and all such documents shall be <br /> <br />incorporated herein by reference and shall be inserted in the <br /> <br /> <br />minutes of the Board of Trustees and kept on file by the <br /> <br /> <br />Clerk-Treasurer, In accordance with the provisions of I,C, <br /> <br /> <br />36-1-5-4, two (2) copies of all such documents are on file in <br />the office of the Clerk-Treasurer for public inspection, <br />Section 3, The Town of Mooresville shall issue its Economic <br /> <br />Development Revenue Bonds (Miller's Merry Manor, lnc, Project), <br /> <br />in the total principal amount not exceeding Seven Hundred Fifty <br />Thousand Dollars ($750,000) and maturing not later than ten <br />years from the date of the first principal payment, which in no <br />event may exceed thirty (30) years from the date of the Bonds, <br />for the purpose of procuring funds to pay the costs of acquisi- <br /> <br />tion, construction, renovation and equipping of the economic <br /> <br />development facilities as more particularly set out in the Bond <br /> <br />Purchase Agreement and Loan Agreement, Mortgage and Security <br /> <br />Agreement incorporated herein by reference, which bond will be <br />payable as to principal, premium, if any, and interest from the <br /> <br />note payments made by Miller's Merry Manor, lnc, under the Loan <br /> <br />Agreement, Mortgage and Security Agreement and Note or as <br /> <br />otherwise provided in the above described Bond Purchase Agree- <br /> <br /> <br />ment, The bond shall be issued in fully registered form in the <br /> <br /> <br />denomination of $750,000, and shall be redeemed as provided in <br /> <br /> <br />Section 4 of the Bond Purchase Agreement, Payments of princi- <br /> <br /> <br />pal and interest are payable in lawful money of the United <br /> <br /> <br />States of America at the principal office of the Bondholder, <br /> <br />- 3 - <br />