My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
No. 1422 authorizing the issuance and sale of special taxing district refunding bonds of the SB redevelopment district for the purpose of advance refunding the COSB redevelopment district bonds of 1990
sbend
>
Public
>
Redevelopment Commission
>
Resolutions
>
No. 1422 authorizing the issuance and sale of special taxing district refunding bonds of the SB redevelopment district for the purpose of advance refunding the COSB redevelopment district bonds of 1990
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
10/18/2012 2:30:27 PM
Creation date
9/13/2011 4:37:09 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
20
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
shall be paid by check or draft mailed or delivered to the registered owner hereof at the <br />address as it appears on the books kept by Norwest Bank Indiana, N.A., in the City of South <br />Bend, Indiana, as Registrar (which term shall include any successor registrar), for the <br />registration and for the transfer of the Bonds (the 'Bond Register ") as of the fifteenth day <br />of the month immediately preceding the interest payment date or at such other address as <br />is provided to the Paying Agent in writing by the registered owner. All payments on this <br />Bond shall be made in lawful money of the United States of America. <br />This Bond is one of an authorized issue of Bonds of the District in the <br />aggregate principal amount of 00/100 Dollars <br />($ ), numbered consecutively from 96R -1 upwards, issued pursuant to the Bond <br />Resolution (Resolution No. ___) (the 'Resolution ") adopted by the South Bend <br />Redevelopment Commission (the "Commission ") on March 15, 1996, and in strict <br />compliance with IC 36 -7 -14, for the purpose of procuring funds to pay for the cost of <br />advancing refunding the City of South Bend Redevelopment District Bonds of 1990, issued <br />by the Commission on June 5, 1990, and currently outstanding in the aggregate principal <br />amount of Four Million Five Hundred Thousand and 00 /100 Dollars ($4,500,000.00), <br />together with the expenses in connection with or on account of the issuance of Bonds <br />therefor, all in and with respect to the Area. Reference is hereby made to the Resolution <br />for a description of the nature and extent of the rights, duties and obligations of the owners <br />of the Bonds, the City and the Commission and the terms on which this Bond is issued, and <br />to all the provisions of such Resolution to which the holder hereof by the acceptance of this <br />Bond assents. <br />This Bond, together with interest hereon, does not constitute a corporate <br />obligation or indebtedness of the City of South Bend, but the same is an obligation and an <br />indebtedness of the District, as a special taxing district. This Bond, together with interest <br />hereon, ' shall be payable only out of a special tax to be levied upon all of the taxable <br />property within the District, as provided in IC 36 -7 -14. The City, acting through the <br />Commission, its Department of Redevelopment and its Common Council, covenants that <br />it will cause a special tax for the payment of the principal of and interest on the Bonds to <br />be levied, collected and applied for that purpose. Subject to the provisions of the <br />Resolution for registration, this Bond is negotiable under the laws of the State of Indiana. <br />The terms and provisions of this Bond are continued on the reverse side <br />hereof, and such continued terms and provisions shall for all purposes have the same effect <br />as though fully set forth at this place. <br />It is hereby certified and recited that all acts, conditions and things required <br />by law and the Constitution of the State of Indiana to be done precedent to and in the <br />execution, issuance, sale and delivery of this Bond have been properly done, happened and <br />performed in regular and due form as prescribed by law, and that the total indebtedness of <br />the South Bend Redevelopment District, including the Bonds of this issue, does not exceed <br />any constitutional or statutory limitation of indebtedness. <br />0 <br />
The URL can be used to link to this page
Your browser does not support the video tag.