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sinking fund redemption (or final maturity) dates determined by the Board, and the <br />principal amount of such Term Bond to be redeemed on such mandatory sinking fund <br />redemption dates by operation of the mandatory sinking fund requirements shall be <br />reduced accordingly; provided, however, the Registrar and Paying Agent shall only credit <br />Bonds against the mandatory sinking fund requirements to the extent such Bonds are <br />received on or before 45 days preceding the applicable mandatory sinking fund <br />redemption date. <br />The Registrar shall determine by lot (treating each $5,000 principal <br />amount of each Bond as a separate Bond for such purpose) the Bonds within a Term <br />Bond of a particular maturity to be redeemed pursuant to the mandatory sinking fund <br />redemption requirements on January 1 of each year. <br />Notice of any such mandatory sinking fund redemption shall be given in <br />the same manner as notice of optional redemption is required to be given pursuant to this <br />Section 2 of this Resolution. If Bonds are to be redeemed by optional redemption and <br />mandatory sinking fund redemption on the same date, the Registrar shall select by lot the <br />Bonds for optional redemption before selecting the Bonds by lot for the mandatory <br />sinking fund redemption. <br />In the event any of the Bonds are issued as Term Bonds, the form of the <br />Bond set forth in Section 3 of this Resolution shall be modified accordingly. <br />Any reference to payment of principal on the Bonds shall include payment <br />of scheduled mandatory sinking fund redemption payments described in this Section 2. <br />SECTION 3. The form and tenor of the Bonds shall be substantially as follows <br />(all blanks to be properly completed prior to the preparation of the Bonds): <br />UNITED STATES OF AMERICA <br />STATE OF INDIANA ST. JOSEPH COUNTY <br />No. 2002R- $ <br />SOUTH BEND REDEVELOPMENT DISTRICT <br />SPECIAL TAXING DISTRICT BOND OF 2002 <br />Interest Rate Maturity Date Original Date Authentication Date <br />Registered Owner: <br />Principal Sum: <br />-9- <br />SBIMAN 1 1306210 <br />