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Authorize- Issuance of Revenue Bonds $11,960,000
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Authorize- Issuance of Revenue Bonds $11,960,000
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Last modified
3/21/2011 3:56:49 PM
Creation date
3/21/2011 3:56:47 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
4/28/1997
Ord-Res Number
8778-97
Bill Number
34-97
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, . <br /> UNITED STATES OF AMERICA <br /> STATE OF INDIANA COUNTY OF ST. JOSEPH <br /> No. 97R- $ <br /> CITY OF SOUTH BEND, INDIANA, <br /> COUNTY ECONOMIC DEVELOPMENT INCOME TAX REVENUE BOND OF 1997 <br /> INTEREST MATURITY ORIGINAL AUTHENTICATION <br /> RATE DATE DATE DATE <br /> % 1, 1, 1997 <br /> REGISTERED OWNER: <br /> PRINCIPAL SUM: <br /> The City of South Bend(the"City"), in the State of Indiana,for value received,hereby promises to pay to <br /> the Registered Owner (named above) or registered assigns, but solely from the special revenue fund hereinafter <br /> referred to, the Principal Sum set forth above on the Maturity Date set forth above, and to pay interest on the <br /> Principal Sum to the Registered Owner of this bond until the City's obligation with respect to the payment of the <br /> Principal Sum shall be discharged,at the per annum rate specified above from the interest payment date immediately <br /> preceding the date of authentication of this bond, unless this bond is authenticated on or before July 15, 1997, in <br /> which case interest shall be paid from the Original Date specified above,or unless this bond is authenticated between <br /> the fifteenth day of the month preceding an interest payment date and the interest payment date, in which case <br /> interest shall be paid from such interest payment date. Interest is payable August 1, 1997, and semiannually <br /> thereafter on February 1 and August 1 of each year by check or draft. Interest shall be calculated on the basis of <br /> twelve (12) thirty-day months for a three hundred sixty-day year. <br /> The principal of and premium, if any, on this bond are payable in lawful money of the United States of <br /> America at the principal office of in the City of , Indiana,as Paying Agent <br /> (which term shall include any successor paying agent). Interest on this bond shall be paid by check or draft mailed <br /> or delivered to the Registered Owner hereof at the address as it appears on the books kept by ,Indiana, <br /> in the City of as Registrar(which term shall include any successor registrar)for the registration and for <br /> the transfer of the bonds (the "Bond Register") as of the fifteenth day of the month immediately preceding the <br /> interest payment date or at such other address as is provided to the Paying Agent in writing by the Registered Owner. <br /> All payments on this bond shall be made in any coin or currency of the United States of America which on the dates <br /> of such payments shall be legal tender for the payment of public and private debts. <br /> This bond is one of an authorized issue of bonds of the City of South Bend, Indiana, aggregating <br /> and 00/100 Dollars($_,OQ0.00)numbered consecutively from 97R-1 upwards, issued pursuant <br /> to an ordinance adopted by the Common Council of the City on , 1997, entitled"An Ordinance of the City <br /> of South Bend,Indiana,Authorizing the Issuance and Sale of County Economic Development Income Tax Revenue <br /> Bonds of the City Payable Solely from County Economic Development Income Tax Revenues to be Received by <br /> the City in the Principal Amount not to exceed Eleven Million Nine Hundred Sixty Thousand and 00/100 Dollars <br /> -6- <br />
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