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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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obligation with respect to the payment of said Principal Sum shall <br />be discharged, at the rate per annum specified. above from the <br />interest payment date next preceding the date of authentication of <br />this bond, unless this bond is authenticated on or before <br />ce January 15, 1991, in which case the interest shall be paid from the <br />Original Date stated above or unless this bond is authenticated <br />between the fifteenth day of the month preceding an interest <br />payment date and the interest payment date, in which case interest <br />shall be paid from such interest payment date. Interest is payable <br />February 1, 1991 and semiannually thereafter on February 1 and <br />August 1 of each year by check or draft. Interest shall be <br />calculated on the basis of twelve (12) thirty -day months for a <br />three hundred sixty -day year. <br />The principal of and premium, if any, on this bond are <br />payable at the principal office of <br />in the City of , <br />Indiana, as Paying Agent (which term shall include any successor <br />Paying Agent). Interest on this bond shall be paid by check or <br />draft mailed or delivered to the Registered Owner hereof at the <br />address as it appears on the books kept by <br />, in the City of Indiana, as <br />Registrar (which term shall include any successor Registrar), for <br />the registration and for the transfer of the bonds (the "Bond <br />Register ") as of the fifteenth day of the month immediately <br />preceding the interest payment date or at such other address as is <br />provided to the Paying Agent in writing by the Registered Owner. <br />All payments on this bond shall be made in lawful money of the <br />United States of America. <br />This bond, together with interest thereon, does not <br />constitute a corporate obligation or indebtedness of the City of <br />South Bend, but the same is an obligation of the Redevelopment <br />District of the City of South Bend, which is a special taxing <br />district having the same boundaries as the City of South Bend, and <br />is payable solely out of the Tax Increment. Subject to the <br />provisions for registration, this bond is negotiable under the laws <br />of the State of Indiana. <br />The terms and provisions of this bond are continued on <br />the reverse side hereof and such continued terms and provisions <br />shall for all purposes have the same effect as though fully set <br />forth at this place. <br />It is hereby certified and recited that all acts, <br />conditions and things required by law and the Constitution of the <br />State of Indiana to be done precedent to and in the execution, <br />issuance, sale and delivery of this bond have been properly done, <br />happened and performed in regular and due form as prescribed by <br />law, and that the issuance of this bond by the Redevelopment <br />District of the City of South Bend does not cause any <br />-11- <br />\rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990 <br />
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