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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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No. 0958 a final bond resolution of the SBRC authorizing the issuance of the COSB redevelopment district tax increment revenue bonds of 1990 for purpose of raising money for property acquisition/redevelopment in the AEDA allocation area No. 1
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Bond or Bonds of the same maturity in Authorized Denominations <br />equal to the remaining principal amount. In addition to the <br />foregoing notice, further notice may be given by the Registrar as <br />it deems appropriate by mail, publication or otherwise to <br />registered securities depositories, national information services <br />or others containing the above information and such further <br />information as the Registrar may deem appropriate, but no defect <br />in said further notice, nor any failure to give all or any portion <br />of such further notice shall in any manner defeat the effectiveness <br />of a call for redemption if notice thereof is given as above <br />described. <br />3. The form and tenor of the Bonds shall be <br />substantially as follows (all blanks to be properly completed prior <br />to the preparation of the Bonds): <br />United States of America <br />State of Indiana County of St. Joseph <br />No. 90R- $ <br />CITY OF SOUTH BEND REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BOND OF 1990 <br />Interest Maturity Original Authentication <br />Rate Date Date Date CUSIP <br />Registered Owner: <br />Principal Sum: <br />The City of South Bend, in St. Joseph County, State of <br />Indiana (the "City ") , acting for and on behalf of the City of South <br />Bend Redevelopment District (a special taxing district having the <br />same boundaries as the City), for value received, hereby promises <br />to pay to the Registered Owner stated above, or registered assigns, <br />but solely from taxes on real property located in the Airport <br />Economic Development Area, Allocation Area No. 1 ( "Allocation Area <br />No. 111) allocated and deposited in the City of South Bend, <br />Department of Redevelopment, Airport Economic Development Area, <br />Allocation Area No. 1 Allocation Fund (the "Allocation Fund ") <br />pursuant to the provisions of IC 36- 7 -14 -39 and proceeds from the <br />sale or leasing of property in Allocation Area No. 1 under <br />IC 36- 7 -14 -22 deposited in the Allocation Fund as required by <br />IC 36- 7 -14 -26 (the "Tax Increment "), the Principal Sum stated <br />above, on the Maturity Date stated above, unless this bond shall <br />have previously been called for redemption and payment of the <br />redemption price made or provided for, and to pay interest on said <br />Principal Sum to the Registered Owner of this bond until the City's <br />-10- <br />\rlhill \sthbnd \airport \general \finalbd;lh;August 31, 1990 <br />
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