Authorizing Tax Anticipation Time Warrants for 1988

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UNITED STATES OF AMERICA STATE OF INDIANA CITY OF SOUTH BEND No $ CITY OF SOUTH BEND TAX ANTICIPATION TIME WARRANT (City of South Bend, Indiana Fund) FOR VALUE RECEIVED, the City of South Bend, in the State of Indiana, promises to pay to the bearer hereof the sum of Dollars ($ ) on the 30th day of June, 1988, with interest thereon at the rate of (_%) per annum from the date hereof to the date of payment, which interest is payable on the maturity date hereof. This Warrant will bear interest at the rate of (_%) per annum on any amounts not paid at matu- rity. Both principal of and interest on this Warrant are payable in law- ful money of the United States of America at the Office of the St. Joseph County Treasurer, ex-officio Treasurer of the City of South Bend, in South Bend, Indiana, as checks or other warrants are pay- able. This Warrant is one of an issue aggregating Dollars ($ ) and is issued pursuant to and in accordance with Ordinance No. duly adopted by the City of South Bend, Indiana, Common Council on 1988, and in strict confor- mity with IC 36-4-6 and all statutes pertaining or supplemental thereto, in order to provide funds for and to evidence a temporary loan to meet current expenses of the City of South Bend, Indiana Fund. This Warrant is issued in anticipation of and is payable out of taxes levied and in the course of collection of such Fund during the year 1988. It is hereby certified that all acts, conditions, and things to be done precedent to and in the execution, issuance and delivery of this Warrant have been done and performed in regular and due form, as provided by law, and this Warrant is within every limit of indebted- ness prescribed by the constitution and laws of the State of Indiana. Sufficient amounts of revenues from taxation for the City of South Bend, Indiana Fund, from levies now in the process of col- lection for the year 1988, are hereby irrevocably appropriated and pledged to the punctual payment of the principal and interest of this Warrant according to its terms. The consideration for this Warrant is a loan made to the City of South Bend, Indiana, in anticipation of such taxes. IN WITNESS WHEREOF, the City of South Bend, Indiana, has caused this Warrant to be issued and signed in its name by the original or facsimile signature of its duly elected, qualified and acting Mayor, attested by the original or facsimile signature of its duly elected, qualified and acting Clerk, and countersigned by its duly appointed, qualified and acting Controller of said City, and the seal of said -9-