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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the Redevelopment District. The Bonds, together with interest thereon, shall be payable solely out of the Tax Increment. The Bonds shall be issued in fully registered form in the denomination of Five Thousand Dollars ($5,000), or integral multiples thereof ( "Authorized Denominations "), not exceeding the aggregate principal amount of the Bonds and shall be numbered consecutively from 90R -1 upwards. The Bonds shall mature and be payable on August 1, 1996. The interest on the Bonds shall be payable semiannually on the first day of February and the first day of August of each year commencing February 1, 1991. Interest shall be calculated on the basis of twelve (12) thirty -day months for a three hundred sixty -day year. The Controller of the City of South Bend, Indiana, or such financial institution as the Controller may designate pursuant to this Resolution, is hereby appointed as Registrar (the Controller or such financial institution and any subsequent registrar appointed pursuant to this Resolution shall hereinafter be referred to as the "Registrar ") for the Bonds and is hereby charged with the responsibility of authenticating the Bonds. The Registrar shall keep and maintain at its principal office books for the registration and for the transfer of the Bonds (the "Bond Register "). The Controller is hereby authorized and directed, on behalf of the Commission, to enter into such agreements or understandings with the Registrar as will enable the Registrar to perform the services required of a registrar, and is directed to pay the Registrar for its services out of available funds. The principal of the Bonds shall be payable at the principal office of the Controller or such financial institution as the Controller may designate pursuant to this Resolution, which Controller or designated financial institution is hereby appointed as the Paying Agent (the Controller or such financial institution and any subsequent Paying Agent appointed pursuant to this Resolution shall hereinafter be referred to as the "Paying Agent ") for the Bonds. Interest on the Bonds shall be paid by check or draft mailed or delivered to the registered owners of the Bonds at the address as it appears on the Bond Register as of the fifteenth day of the month immediately preceding the interest payment date or at such other address as is provided to the Paying Agent in writing by such registered owners. All payments on the Bonds shall be made in lawful money of the United States of America. The Controller is hereby authorized and directed, on behalf of the Commission, to enter into such agreements or understandings with the Paying Agent as will enable the Paying Agent to perform the services required of a paying agent, and is directed to pay the Paying Agent for its services out of available funds. -5- \rlhill \sthbnd\ airport \general \finalbd;lh;August 31, 1990