60-18 Bond Financing for the Community Center Project

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States of America or any agency or instrumentally thereof when such obligations are backed by the full faith and credit of the United States of America. "Indenture"means this Indenture as originally executed or as it may from time to time be amended or supplemented pursuant to Article IX. "Interest Payment Date" means, with respect to any Bonds, each February 1 and August 1, commencing 1, 20_. "Issuer" or "City" means the City of South Bend, Indiana, a municipal Public Library organized and validly existing under the laws of the State. "Net Proceeds"means the proceeds received from the sale of Series 20 Bonds less any underwriting or other discount. "Opinion of Bond Counsel" means a written opinion of Bond Counsel which opinion is acceptable to the Issuer and the Trustee. "Paying Agent" shall mean any bank or trust company at which principal of the Bonds is payable, which initially is , in , Indiana. "Pledged Revenues" means the property tax proceeds received by the Redevelopment Commission generated by parcels in the Allocation Area and pledged to the Issuer pursuant to the TIF Pledge Resolution which proceeds are derived from the assessed valuation of real property in the Allocation Area in excess of the assessed valuation described in IC 36-7-14- 39(b)(1), as such statutory provision exists on the date of execution of this Indenture. "Project" means the construction and equipping of an approximately 38,000 square foot building for use as a community and education center to provide new and expanded flexible spaces for community meetings and training, events, and conferences and a larger auditorium to meet increasing demand for program space and allow for a more diverse range of programs and community events, and any other projects and improvements related thereto. "Public Library" shall mean the St. Joseph County Public Library, St. Joseph County, Indiana. "Qualified Investments" shall mean any of the following to the extent permitted by law: (i) Governmental Obligations; (ii) money market funds, which may be funds of the Trustee, the assets of which are obligations of or guaranteed by the United States of America and which funds are rated at the time of purchase "AAAm-G" or higher by Standard & Poor's Ratings Services, Inc. and/or "Aaa" by Moody's Investors Service, Inc.; (iii) bonds, debentures, notes or other evidence of indebtedness issued or guaranteed by any of the following federal agencies: Export-Import Bank, Farmers Home Administration, Federal Financing Bank, Federal Housing Administration, Government National Mortgage Association, Maritime Administration, Public Housing Authorities, Banks for Cooperatives, Federal Farm Credit Banks, Federal Intermediate Credit Bank, Federal Home Loan Bank and Federal Land Bank; (iv) certificates of deposit, savings accounts, deposit accounts or depository receipts of a bank, savings and loan associations and mutual savings banks, including the Trustee, each fully insured by the Federal Deposit Insurance Public Library; (v) bankers' acceptances, savings accounts, deposit accounts 6