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14-20 Cedar Glen Bond Ordinance Addendums
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14-20 Cedar Glen Bond Ordinance Addendums
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3/18/2020 2:57:42 PM
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3/18/2020 2:55:23 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
3/23/2020
Bill Number
14-20
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EXHIBIT A <br /> [BOND FORM] <br /> REGISTERED REGISTERED <br /> NO. RA- $ <br /> United States of America <br /> State of Indiana <br /> City of South Bend <br /> Multifamily Housing Revenue Bonds, Series 2020A <br /> (Cedar Glen Apartments Project) <br /> INITIAL <br /> INITIAL MANDATORY MATURITY <br /> INTEREST RATE: TENDER DATE: DATE: DATED AS OF: CUSIP: <br /> %per annum November 1, 2021 November 1, 2022 April 1, 2020 <br /> REGISTERED OWNER: CEDE & Co. <br /> PRINCIPAL AMOUNT: DOLLARS <br /> The City of South Bend(the"Issuer"), a municipal corporation and validly existing under <br /> the laws of the State of Indiana, for value received, promises to pay to the Registered Owner <br /> specified above or registered assigns, but solely from the sources and in the manner referred to <br /> herein, the Principal Amount specified above on the Maturity Date specified above (subject to <br /> the rights of redemption and tender set forth herein), and to pay from those sources interest on <br /> the unpaid principal balance of said Principal Amount calculated at the Interest Rate (as defined <br /> in the Indenture) on (a) May 1 and November 1 of each year beginning November 1, 2020, and <br /> (B) each Mandatory Tender Date (the "Interest Payment Dates") until the principal amount is <br /> paid or duly provided for. This Bond will bear interest from the most recent date to which <br /> interest has been paid or duly provided for or, if no interest has been paid or duly provided for, <br /> from its above dated as of date, to, but not including the Initial Mandatory Tender Date at a rate <br /> per annum equal to the Initial Interest Rate and thereafter this Bond shall bear interest at the <br /> Remarketing Rate for each subsequent Remarketing Period (as defined in the Indenture). <br /> Interest on this Bond shall be calculated on the basis of a 360-day year consisting of twelve 30- <br /> day months, for the actual number of days elapsed. <br /> The principal of this Bond is payable upon presentation and surrender hereof at the <br /> designated corporate trust office of the trustee, presently The Huntington National Bank (the <br /> "Trustee"). Interest is payable on each Interest Payment Date by check or draft mailed to the <br /> person in whose name this Bond (or one or more predecessor bonds) is registered (the "Holder") <br /> at the close of business on the 15th day of the calendar month next preceding that Interest <br /> RA-1 <br />
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