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No. 0213 addopted Res. No. 53 Chapin Street Project No. R29, Res. No. 118 LaSalle Park Project IND E-57, Res. No. 200 Ind. Expansion Project IND R-56 declared certain real estate in COSB Redevelopment District to be blighted
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No. 0213 addopted Res. No. 53 Chapin Street Project No. R29, Res. No. 118 LaSalle Park Project IND E-57, Res. No. 200 Ind. Expansion Project IND R-56 declared certain real estate in COSB Redevelopment District to be blighted
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B t4 principal and'interoot of this bond are <br />payable i" lawful money of the United States of <br />Company, <br />AmericaT at the St. Joseph Bank and Trust <br />South'Bend; Indiana. <br />;i... <br />f <br />This1b6hd is one of an authorized issue of <br />Eight! htthdked seventy (870) bonds of like date <br />i <br />and tenor, except as to numbering , and dates of <br />' <br />maturity, in the total amount of Eight hundred , <br />` <br />seventy thousand Dollars ($870,000), issued by ; <br />the South Bend Redevelopment District pursuant <br />i <br />5 <br />to a, resolution adopted by the South Bend Re- <br />-:' <br />' <br />developpgnt Commission on March 21, 1968, and <br />i <br />in strict, , compliance with Chapter 176 of the <br />Acts,of 1953,.as supplemented by Chapter 187 <br />of the Acts of 1955, and Chapter 318 of the <br />Acts of 1963, for the purpose of providing <br />funds to pay the cost of acquisition, clear - <br />ance, rehtLhilitation, site improvement and <br />renewal of property described in Resolution <br />53 ad'opteU'by the South Bend Redevelopment <br />Commission on November 15, 1962 (Chapin Street . . <br />Project), Resolution 118 adopted by the South <br />Bend Redevelopment Commission on January 3,: <br />1966 (LaSalle Park Project), and Resolution <br />X200 adopted by the South Bend Redevelopment <br />s <br />commission on October 5, 1967 (Industrial <br />i <br />Expansion Project) , and all expenses <br />necessarily incurred in connection with I <br />said proceedings. <br />This bond does not constitute a corporate <br />obligation or indebtedness of the City of South <br />Bend, but the same is an obligation of the South <br />Hend Redevelopment District and is payable only <br />out of the special taxes to be levied upon all <br />of the property within said District and deposited <br />' <br />in the Redevelopment District Bond Fund of said <br />Distr ict. Under the.provisions of the authorizing <br />statute, this bond is negotiable as an.inland bill <br />Of :oxchange . <br />Zt is hereby_ certified and' recited that all ... <br />acts,,.conditions' and things required by law and <br />` <br />the. Constitution of the State of Indiana to, be <br />1 , <br />tk <br />.1 <br />• _ <br />r <br />...: 7"x^2 .......... .... _.7, . *. ..... _ _ ...,�. .. ... , . _ <br />
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