No. 0018 adopted Res. No. 14 on May 5, 1960 declaring certain real estate in the South Bend Redevelopment District to be a blighted area

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�1 .F; Res No. 18 emi- annually thereafter on January 1 and July 1 of each year, pon presentation and surrender of the annexed interest coupons s they severally become due. Both principal and interest of this bond are payable in awful money of the United States of America at the office of the reasurer of St. Joseph County, ex officio Treasurer of said edevelonment District. This bond is one of an authorized issue of one thousand one hundred (1, 100) bonds of like date and tenor, except as to umbering and dates of maturity, in the total amount of One Million One Hundred Thousand Dollars ($1, 100, 000), issued by flie South Bend Redevelopment District pursuant to a resolution adopted by the South Bend Redevelopment Commission on July 7, 1960, and in strict compliance with Chapter 176 of the Acts of 1953, as supplemented by Chapter 187 of the Acts of 1955, for e purpose of providing funds to pay the cost of acquisition, clearance and renewal of the property described in Resolution No. 14, adopted by the South Bend Redevelopment Commission an May 5, 1960, and all expenses necessarily incurred in con - ection with said proceedings. This bond does not constitute a corporate obligation or indebtedness of the City of South Bend, but the same is an ob- i gation of the South Bend Redevelopment District and is pay- able only out of the special taxes to be levied upon all of the property within said District and deposited in the Redevelop- ment District Bond Fund of said District. Under the provisions of the authorizing statute, this bond is negotiable as an inland bill of exchange. - It is hereby certified and recited that all acts, condi- tions and things required by law and the constitution of the State of Indiana to be done precedent to and in the issuance, sale and delivery of this bond have been properly done, hap - ened.and performed in regular and due form as prescribed by law, and that the total indebtedness of the South Bend Re- development District, including the bonds of this issue, does of exceed any constitutional or statutory limitation of indebt- edness. The City of South Bend, acting by and through its Department of Redevelopment and its Redevelopment Commis- sion covenants that it will cause a special tax for the payment of the bonds of this issue to be levied, collected and applied f r that purpose. IN WITNESS WHEREOF, the South Bend Redevelopment Commission of the City of South Bend, St. Joseph County, State of Indiana, has caused this bond to be signed by the Mayor of said City, in the name of the City of South Bend, for and on 4 -