No. 1054 regarding issuance of tax increment revenue refunding bonds

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