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No. 1054 regarding issuance of tax increment revenue refunding bonds
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No. 1054 regarding issuance of tax increment revenue refunding bonds
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10/18/2012 2:59:28 PM
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This bond is one of the bonds described in the <br />within - mentioned Resolution. <br />BANK ONE, INDIANAPOLIS, NATIONAL <br />ASSOCIATION, as Registrar <br />By <br />Authorized Representative <br />(To Be Printed on Reverse Side) <br />This bond is one of an authorized issue of bonds of <br />like original date and tenor, except as to authentication <br />date, numbering, denomination, date of maturity, interest <br />rate, and redemption terms, in the aggregate principal <br />amount of Dollars ($ ). <br />Said bonds are issued by the South Bend Redevelopment <br />District pursuant to a resolution entitled "Resolution of <br />the South Bend Redevelopment Commission Regarding Issuance <br />of Tax Increment Revenue Refunding Bonds" (Resolution No. <br />) (the "Resolution ") adopted by the South Bend <br />Redevelopment Commission (the "Commission ") on May 1, 1992, <br />as amended on , 1992, in <br />strict compliance with I.C. 36 -7 -14. The certain Bonds <br />were issued to advance refund certain prior bonds issued in <br />1985 and 1986, all as more particularly described in the <br />Resolution. <br />The Bonds maturing on or after February 1, , <br />shall be redeemable at the option of the Commission, in <br />whole or in part (only in authorized denominations), on <br />February 1, , or at any time thereafter. Redemption <br />shall occur at a redemption price expressed as a percentage <br />of the principal amount of each bond to be redeemed in <br />accordance with the following schedule, plus accrued <br />interest to the redemption date: <br />Redemption Period <br />(Both Dates Inclusive) Redemption Price <br />February 1, <br />through January 31, 10_% <br />February 1, and <br />thereafter prior to maturity 10_% <br />In the case of redemption of any bonds, written notice <br />of the call for any such redemption identifying the bonds <br />to be redeemed shall be given by mailing a copy of the <br />redemption notice by registered or certified mail not less <br />than thirty (30) days nor more than sixty (60) days prior <br />-8- <br />
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