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k• 1 <br />shall no longer be protected by this Resolution and shall <br />not be deemed to be outstanding under the provisions of this <br />Resolution and the owners thereof shall have the right only <br />to receive the redemption price thereof plus accrued interest <br />thereon to the date fixed for redemption. One or more new <br />Bonds shall be issued for the unredeemed portion of any Bond <br />without charge to the registered owner thereof. <br />SECTION 3. The form and tenor of the Bonds shall <br />be substantially as follows (all blanks to be properly com- <br />pleted prior to the printing of the Bonds): <br />UNITED STATES OF AMERICA <br />STATE OF INDIANA, COUNTY OF ST. JOSEPH <br />CITY OF SOUTH BEND REDEVELOPMENT DISTRICT <br />TAX INCREMENT REVENUE BONDS OF 1985 <br />Original <br />Date <br />Registered Owner: <br />Principal Sum: <br />No. <br />Maturity Interest <br />Date Rate CUSIP <br />The City of South Bend, in St. Joseph County, State <br />of Indiana, acting for and on behalf of the South Bend Redevelop- <br />ment District (which district includes all of the territory <br />within the corporate boundaries of the City of South Bend), <br />for value received, hereby promises to pay to the Registered <br />Owner stated above, or registered assigns, but solely out of <br />taxes on real property located in the South Bend Central <br />Allocation Area (South Bend Allocation Area No. 1A) (the <br />"Allocation Area ") allocated and deposited in the South Bend <br />Central Allocation Area (South Bend Allocation Area No. 1A) <br />Special Fund (the "Allocation Fund ") pursuant to the provisions <br />of IC 36- 7 -14 -39 and proceeds from sale or leasing of property <br />in the Allocation Area under IC 36- 7 -14 -22 and deposited in <br />the Allocation Fund (these sources of revenues that will be <br />used for payments of the Bonds shall hereinafter be referred <br />to as the "Tax Increment "), the principal sum stated above, <br />on the Maturity Date stated above and to pay interest thereon, <br />from the date hereof until the principal is paid, at the <br />Interest Rate stated above, which accrued interest is payable <br />August 1, 1986, and semiannually thereafter on February 1, <br />and August 1 of each year by check or draft. <br />The principal and premium, if any, of this bond is <br />payable at the principal office of American Fletcher National <br />-7- <br />