No. 0779 amending Res. No. 775 of the COSBRC

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certificate of authentication on such Bond shall have been so executed. SECTION II. Section 3 of the Series 1986 Bond Resolution shall be deleted in its entirety and a new Section 3 shall be and hereby is adopted to read in its entirety as follows: SECTION 3. The form and tenor of the Series 1986 Bonds shall be substantially as follows (all blanks to be properly completed prior to the printing of the Series 1986 Bonds): UNITED STATES OF AMERICA STATE OF INDIANA, COUNTY OF ST. JOSEPH CITY OF SOUTH BEND REDEVELOPMENT DISTRICT TAX INCREMENT REVENUE BONDS OF 1986 Original Maturity Interest Date Date Rate CUSIP Registered Owner: Principal Sum: No. The City of South Bend, in St. Joseph County, State of Indiana, acting for and on behalf of the South Bend Redevelopment District (which district includes all of the territory within the corporate boundaries of the City of South Bend), for value received, hereby promises to pay to the Registered Owner stated above, or registered assigns, but solely out of taxes on real property located in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) (the 11Allocation Area ") allocated and depositied in the South Bend Central Allocation Area (South Bend Allocation Area No. 1A) Special Fund (the "Allocation Fund ") pursuant to the provisions of IC 36- 7 -14 -39 and proceeds from sale or leasing of property in the Allocation Area under IC 36- 7 -14 -22 and deposited in the Allocation Fund (these sources of revenues that will be used for payments of the Bonds shall hereinafter be referred to as the "Tax Increment ", the principal sum stated above, on the Maturity Date stated above and to pay interest thereon, from the date hereof until the principal is paid, at the Interest Rate stated above, which accrued interest is payable February 1, 1987, and semiannually thereafter on February 1, and August 1, of each year by check or draft. The principal and premium, if any, of this bond is payable at the principal office of American Fletcher National Bank and Trust Company, as Paying Agent, in the City of Indianapolis, Indiana. Interest on this bond shall be paid by check or draft mailed or delivered to the Registered Owner hereof at the address as it appears on the books kept by the Registrar for the registration and for the transfer of the Series 1986 Bonds (as defined below) (the -5-