No. 1054 regarding issuance of tax increment revenue refunding bonds

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Principal Sum set forth above on the Maturity Date shown above, unless earlier redeemed, and to pay interest thereon, solely from such sources, until the principal is paid, at the per annum rate shown above (calculated on the basis of a 360 -day year of twelve 30 -day months) from the interest payment date to which interest has been paid next preceding the authentication date of this bond, unless this bond is authenticated after the fifteenth day of the month preceding an interest payment date and on or before such interest payment date in which case it shall bear interest from such interest payment date, or unless this bond is authenticated on or before , in which case it shall bear interest from the Original Date, which interest is payable on the first day of each February and August, commencing until payment in full of this bond. Principal and premium, if any, of this bond are payable in lawful money of the United States of America at the principal office of Bank One, Indianapolis, National Association (the "Paying Agent "). Interest is payable by check or draft mailed one business day prior to the interest payment date to the registered owner hereof at his address as it appears on the registration books maintained for the Issuer by Bank One, Indianapolis, National Association (the "Registrar ") as of the 15th day of the month immediately preceding the interest payment date (the "Record Date ") , or at such other address as is furnished in writing by the registered owner to the Registrar prior to the Record Date for any interest payment. This bond ranks on a parity with the bonds issued under the hereinafter described Resolution, issued in original principal amount of $ and designated as "City of South Bend, Indiana Redevelopment District Tax Increment Revenue Refunding Bonds of 199211, and with the bonds designated "City of South Bend, Indiana Redevelopment District Tax Increment Revenue Bonds of 1985" which mature between February 1, and February 1, in principal amount of $ , and with the bonds designated as "City of South Bend Redevelopment District Tax Increment Revenue Bonds of 1986" which mature between February 1, and February 1, in principal amount of $ , and with the bonds designated as "City of South Bend Redevelopment District Tax Increment Revenue Bonds of 1988" outstanding in principal amount of This bond does not constitute a general obligation or indebtedness of the City of South Bend but the same is a limited and special obligation of the South Bend Redevelopment District and is payable only out of allocated