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Registrar and Paying Agent may charge the owner of such Refunding Bond with their reasonable <br />fees and expenses in connection with the above. Every substitute Refunding Bond issued by <br />reason of any Refunding Bond being lost, stolen or destroyed shall, with respect to such <br />Refunding Bond, constitute a substitute contractual obligation of the City, whether or not the lost, <br />stolen or destroyed Refunding Bond shall be found at any time, and shall be entitled to all the <br />benefits of this Ordinance, equally and proportionately with any and all other Refunding Bonds <br />duly issued hereunder. <br />SECTION 3. The Refunding Bonds shall be executed in the name of the City by <br />the manual or facsimile signature of the Mayor of the City (the "Mayor"), countersigned by <br />manual or facsimile signature of the Controller, and attested by the manual or facsimile signature <br />of the Clerk, who shall cause the official seal of the City to be impressed or a facsimile thereof to <br />be printed or otherwise reproduced on each of the Refunding Bonds. In case any officer whose <br />signature appears on the Refunding Bonds shall cease to hold that office before the delivery of <br />the Refunding Bonds, the signature shall nevertheless be valid and sufficient for all purposes, the <br />same as if such officer had remained in office until the delivery of the Refunding Bonds. Subject <br />to the provisions hereof for registration, the Refunding Bonds shall be negotiable under the laws <br />of the State of Indiana. <br />The Refunding Bonds shall be authenticated with the manual signature of an <br />authorized representative of the Registrar and Paying Agent, and no Refunding Bond shall be <br />valid or obligatory for any purpose or be entitled to any security or benefit under this Ordinance <br />until the Certificate of Authentication on such Refunding Bond shall have been so executed. <br />SECTION 4. The form and tenor of each series of the Refunding Bonds shall be <br />substantially as follows (all blanks to be properly completed prior to the preparation of the <br />Refunding Bonds): <br />[Form of Series A Refunding Bond] <br />UNITED STATES OF AMERICA <br />STATE OF INDIANA COUNTY OF ST. JOSEPH <br />No. 06AR- <br />CITY OF SOUTH BEND, INDIANA, <br />COUNTY ECONOMIC DEVELOPMENT INCOME TAX <br />REFUNDING REVENUE BONDS, SERIES 2006 A <br />Interest Maturity Original Authentication <br />Rate Date Date Date CUSIP <br />BDDBOI 4539793v1 -9- <br />