12-13-2021 FINAL Packet - Laserfiche WebLink

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11 ARTICLE II THE BONDS Section 2.1 Authorized Amount of Bonds. No Bonds may be issued under the provisions of this Indenture except in accordance with this Article. The principal amount of the Series 2022 Bonds (other than Bonds issued in substitution therefor pursuant to Section 2.8 hereof) that may be issued is hereby expressly limited to $________________. Section 2.2 Issuance of the Bonds. (a) The Series 2022 Bonds shall be designated “City of South Bend, Indiana, Economic Development Lease Rental Revenue Bonds, Series 2022 (Potawatomi Zoo Project),” and shall have such terms, conditions and characteristics as specified in the form of the Series 2022 Bonds attached as Exhibit A hereto and made a part hereof. The Series 2022 Bonds shall be numbered from 22R-1 upwards; provided, however, that the Series 2022 Bonds may be numbered in any other manner acceptable to the Trustee and the Issuer. (b) The Series 2022 Bonds shall be originally issuable as fully registered Bonds without coupons in denominations of $5,000 or any integral multiples thereof. (c) The Series 2022 Bonds shall be dated as of the date of their delivery. Interest shall be computed on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day months. The interest on the Series 2022 Bonds shall be payable on each February 1 and August 1, commencing on February 1, 2019. The Series 2022 Bonds shall bear interest from the Interest Payment Date next preceding the date of authentication thereof, unless such date of authentication shall be subsequent to a Record Date in which case they shall bear interest from such Interest Payment Date. (d) The Series 2022 Bonds shall mature on February 1 and/or August 1 in the years and in the principal amounts, and shall bear interest at the rates per annum all as set forth below: Maturity Date Amount Interest Rate