No. 1118 authorizing issuance of bonds on parity with COSB redevelopment district tax increment revenue bonds of 1985, 1986, 1988 for the purpose of raising money for redevelopment in the SBCAA

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r Official notice of redemption having been given as aforesaid, the Series 1992 Bonds or portions of the Series 1992 Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the Commission shall default in the payment of the redemption price) such Series 1992 Bonds or portions of the Series 1992 Bonds shall cease to bear interest. Upon surrender of such Series 1992 Bonds for redemption in accordance with said notice, such Series 1992 Bonds shall be paid by the Paying Agent at the redemption price. Series 1992 Bonds redeemed in part may be exchanged for a Series 1992 Bond or Series 1992 Bonds of the same maturity in the Authorized Denominations equal to the remaining principal amount. In addition to the foregoing notice, further notice may be given by the Registrar as it deems appropriate by mail, publication or otherwise to registered securities depositories, national information services or others containing the above information and such further information as the Registrar may deem appropriate, but no defect in said further notice, nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice thereof is given as above described. SECTION 3. The form and tenor of the Series 1992 Bonds shall be substantial as follows (all blanks to be property completed prior to the printing of the Series 1992 Bonds): UNITED STATES OF AMERICA STATE OF INDIANA COUNTY OF ST. JOSEPH NO. 92- $ CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BOND OF 1992 Interest Maturity Original Authentication Rate Date Date Date CUSIP Registered Owner: Principal Sum: The City of South Bend, in St. Joseph County, State of Indiana (the "City "), acting for and on behalf of the South Bend Redevelopment District (a special taxing district having the same boundaries as the City), for value received, hereby promises to pay to the Registered Owner stated above, or registered assigns, but solely from taxes on real property located in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) (the "Allocation Area ") allocated and deposited in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) Special Fund (the "Allocation Fund ") pursuant to the provisions of IC 36- 7 -14 -39 and proceeds from sale or leasing of property in the Allocation Area under IC 36- 7 -14 -22 deposited in the Allocation Fund as required by IC 36- 7 -14 -26 (these sources of revenues that will be used for payments of the Bonds shall hereinafter be referred to as the "Tax Increment "), the Principal Sum stated above, on the Maturity Date stated above and interest on said Principal Sum to the Registered Owner of this Bond 13