Construction of Additions and Improvements to the Sewage Works Bonds

Home Browse Search

pay the redemption price of all the Series 1989 Bonds or portions of the Series 1989 Bonds which are to be redeemed on that date. Official notice of redemption having been given as aforesaid, the Series 1989 Bonds or portions of the Series 1989 Bonds so to be redeemed shall, on the redemption date, become due and payable at the redemption price therein specified, and from and after such date (unless the City shall default in the payment of the redemption price) such Series 1989 Bonds or portions of the Series 1989 Bonds shall cease to bear interest. Upon surrender of such Series 1989 Bonds for redemption in accordance with said notice, such Series 1989 Bonds shall be paid by the Registrar and Paying Agent at the redemption price. Series 1989 Bonds redeemed in part may be exchanged for a Series 1989 Bond or Series 1989 Bonds of the same maturity in authorized denominations equal to the remaining principal amount. In addition to the foregoing notice, further notice may be given by the Registrar and Paying Agent as it deems appropriate by mail, publication or otherwise to registered securities depositories, national information services or others containing the above information and such further information as the Registrar and Paying Agent may deem appropriate, but no defect in said further notice, nor any failure to give all or any portion of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice therof is given as above described. Section 6. The form and tenor of the Series 1989 Bonds shall be substantially as follows (all blanks to be properly com- pleted prior to the printing of the Series 1989 Bonds): UNITED STATES OF AMERICA STATE OF INDIANA COUNTY OF ST. JOSEPH No. 89R-_ $ CITY OF SOUTH BEND, INDIANA SEWAGE WORKS REVENUE BOND OF 1989 Interest Maturity Original Authentication Rate Date Date Date CUSIP Registered Owner: Principal Sum: The City of South Bend, in St. Joseph County, State of Indiana, for value received, hereby promises to pay to the Registered Owner as stated above, or registered assigns, solely out of the special revenue fund hereinafter referred to, the principal sum as stated above, on the Maturity Date stated above and to pay interest on said principal sum to the Registered Owner of this bond until the City's obligation with respect to the payment of said principal sum shall be discharged, at the rate per annum as specified above from the interest payment date immediately preceding the date of authentication of this bond, unless this bond is authenticated on or -8-