9523-04 Authorizing the Acquistion, COnstuction and, Installation of Certain Additions

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The principal of this bond is payable at the office of Wells Fargo Bank, N.A., (the "Registrar" or "Paying Agent"), in Ft. Wayne, Indiana. All payments of interest on this bond shall be paid by check or draft mailed one business day prior to the interest payment date to the registered owner hereof as of the fifteenth day of the month preceding the interest payment date at the address as it appears on the registration books kept by the Registrar or at such other address as is provided to the Paying Agent in writing by the registered owner. All payments of principal of this bond shall be made upon surrender thereof at the principal corporate trust office of the Paying Agent in any coin or currency of the United States of America which on the dates of such payment shall be legal tender for the payment of public and private debts. This bond is one of an authorized issue of bonds (the "Bonds") of the City of South Bend, of like original date, tenor and effect, except as to denomination, numbering, interest rates, redemption terms and dates of maturity, in the total amount of Dollars ($~, numbered from R-1 up, issued for the purpose of providing funds to be applied to the cost of certain additions, extensions and improvements to the sewage works of the City (the "Sewage Works" or the "Works"), and to pay all expenses necessarily incurred in connection with the issuance of such bonds, as authorized by Ordinance No. adopted by the Common Council of the City of South Bend on the day of 2004, entitled "An Ordinance of the Common Council of the City of South Bend, Indiana Authorizing the Acquisition, Construction and Installation of Certain Additions, Extensions and Improvements for the City's Sewage Works, the Issuance and Sale of Revenue Bonds to Provide Funds for the Payment Thereof, and the Collection, Segregation and Distribution of the Revenues of Such Sewage Works, and Other Matters Connected Therewith" (the "Ordinance"), and in strict compliance with the provisions of I.C. 5-1-6 and I.C. 36-9-23 and other applicable laws, as amended (collectively, the "Act"). Pursuant to the provisions of the Act and said Ordinance, the principal of and interest on (i) this bond and all other bonds of this issue, and (ii) all bonds issued by the City pursuant to Ordinance 8919-98, designated "City of South Bend, Indiana Sewage Works Revenue Bonds of 1998" (the "1998 Bonds"), which 1998 Bonds are on a parity with this bond and all other bonds of this issue, and (iii) all bonds issued by the City pursuant to Ordinance No. 9270-01, designated as "City of South Bend, Indiana Sewage Works Refunding Revenue Bonds of 2001," (the "2001 Bonds and together with the 1998 Bonds, the "Prior Bonds"), which Prior Bonds are on a parity with this bond and all other bonds of this issue, and (iv) all bonds hereafter issued on a parity with this bond and all other bonds of this issue, are payable solely from the Sewage Works Sinking Fund to be provided from the Net Revenues (defined as the gross revenues of the Sewage Works of the City after deduction only for the payment of the reasonable expenses of operation, repair and maintenance but not including depreciation and payments in lieu of taxes). This bond and the issue of which it is a part, together with the Prior Bonds and any parity bonds hereafter issued constitute a first charge against said Net Revenues. Exhibit A -Page 2