Laserfiche WebLink
This bond does not constitute a corporate obliga- <br />tion or indebtedness of the City of South Bend, but the same <br />is an obligation of the South Bend Redevelopment District, <br />which is a special taxing district having the same boundaries <br />as the City of South Bend, and is payable solely out of Tax <br />Increment. Subject to the provisions for registration, this <br />bond is negotiable under the laws of the State of Indiana. <br />In the manner provided in the Resolution, the <br />Resolution and the rights and obligations of the Commission <br />and of the owners of the Bonds, may (with certain exceptions <br />as stated in the Resolution) be modified or amended with the <br />consent of the owners of 60% in aggregate principal amount <br />of outstanding Bonds exclusive of Bonds if any, owned by the <br />Commission or the City. Additional bonds ranking on a parity <br />with the Bonds and other bonds, junior to the Bonds can be <br />issued in accordance with the terms of the Resolution. <br />The terms and provisions of this bond are continued <br />on the reverse side hereof and such continued terms and pro- <br />visions shall for all purposes have the same effect as though <br />fully set forth at this place. <br />It is hereby certified and recited that all acts, <br />conditions and things required by law and the Constitution <br />of the State of Indiana to be done precedent to and in the <br />execution, issuance, sale and delivery of this bond have <br />been properly done, happened and performed in regular and <br />due form as prescribed by law, and that the issuance of this <br />bond by the South Bend Redevelopment District does not cause <br />any constitutional or statutory limitation of indebtedness <br />to be exceeded. <br />This bond shall not be valid or become obligatory <br />for any purpose or be entitled to any security or benefit <br />under the Resolution authorizing this bond until this bond <br />shall have been herein below endorsed manually by the Registrar. <br />IN WITNESS WHEREOF, the South Bend Redevelopment <br />Commission has caused this bond to be executed in the name <br />of the City of South Bend, acting for and on behalf of the <br />South Bend Redevelopment District, by the manual or facsimile <br />signature of the Mayor of said City and attested by the manual <br />or facsimile signature of the Controller of said City, and <br />WZ <br />