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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Registrar, together with indemnity satisfactory to them. In the event any such lost, stolen or destroyed Series 1992 bond shall have matured, instead of issuing a duplicate Series 1992 Bond, the City and the Registrar may, upon receiving indemnity satisfactory to them, pay the same without surrender thereof. The City and the Registrar may charge the owner of such Series 1992 Bond with their reasonable fees and expenses in connection with the above. Every substitute Series 1992 Bond issued by reason of any Series 1992 Bond being lost, stolen or destroyed shall, with respect to such Series 1992 Bonds, constitute a substitute contractual obligation of the City, acting for and on behalf of the South Bend Redevelopment District, whether or not the lost, stolen or destroyed Series 1992 Bond shall be found at any time, and shall be entitled to all the benefits of this Series 1992 Bond Resolution, equally and proportionately with any and all other Series 1992 Bonds duly issued hereunder. SECTION 5. The Controller, the Commission and the Department covenant and agree to cause to be kept and maintained those accounts in the Allocation Fund created by Section 5 of the Series 1985 Bond Resolution and continued by the Series 1986 Bond Resolution, the Series 1988 Bond Resolution and continued hereby, those accounts being the Tax Increment Revenue Account, the Bond Principal and Interest Account, the Reserve Account and the General Account. On January 15, 1993, and each January 15th thereafter, all monies in the Tax Increment Revenue Account shall be set aside in the respective special accounts within the Allocation Fund, in the following order of priority: (1) Bond Principal and Interest Account. (2) Reserve Account. All money in each of the accounts in the Allocation Fund shall be held in trust for the benefit of the holders of the Bonds and shall be applied, used and withdrawn only for the purposes authorized in this Section 5. The proceeds of the Allocation Fund shall be deposited with a legally qualified depository or depositories for funds of the City as now provided by law and shall be segregated and kept separate and apart from all other funds of the City and may be invested in Qualified Investments, as such term is defined below. (a) Bond Principal and Interest Account. There shall be set aside within the Allocation Fund and deposited in the Bond Principal and Interest Account from the Tax Increment Revenue Account an amount of money which, together with any money contained therein, is equal to the aggregate amount of the interest becoming due that calendar year payable on all outstanding Bonds and the aggregate principal amount of 20