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1988-06-17 Resolution 8
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1988-06-17 Resolution 8
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7/17/2008 11:50:07 AM
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The interest on all of the Bands is payable semiannually on <br />. March 1 and September 1 of each year, beginning March 1, 1989. <br />The interest on the Bonds shall be payable by check or <br />.draft mailed one business day prior to the interest payment date <br />to the person in whose name each Bond is registered on the <br />fifteenth day of the month preceding such interest payment date. <br />The principal of, and premium on, the Bonds shall be payable in <br />lawful money of the United States of America, at the principal <br />office of the Trustee in the City of South Bend, Indiana. <br />All Bonds shall be cancelled upon their payment by the <br />Trustee. The Trustee shall dispose of such Bonds as permitted by <br />law and furnish to the Authority a certificate of their disposal, <br />signed by an authorized officer of the Trustee. <br />Sec. 2.02. The Bonds shall be executed in the name of <br />the Authority by the facsimile signature of the President of its <br />Board of Directors and attested by the facsimile signature of the <br />Secretary-Treasurer of its Board of Directors. In case any <br />official whose facsimile signature appears on the Bonds, shall <br />cease to be such. officer before the Bonds shall be duly issued <br />and delivered, such Bonds shall, nevertheless, be the Bonds of <br />the Authority and in all respects binding and obligatory upon it <br />to the same extent as if signed by the officers. of the Authority <br />at the date of the actual issuance and delivery thereof. <br />Sec. 2.03. Each of the Bonds shall be authenticated by <br />i a certificate of_the Trustee endorsed thereon substantially in <br />the form hereinafter set-forth. :Only such Bonds as shall bear <br />thereon the certificate of the Trustee shall be secured by this <br />Agreement or entitled to any lien or benefit hereunder, and the <br />certificate of the Trustee upon any such Bond executed by the <br />Authority shall be conclusive evidence that the Bond so <br />authenticated has been duly issued hereunder and is entitled to <br />the benefits'of the trust hereby created. <br />Sec. 2.04. The form of said Bonds, the Trustee's <br />certificate to be endorsed thereon, and the registration <br />endorsement (with appropriate insertions of amounts and <br />distinguishing numbers and letters), shall be substantially as <br />follows: <br />(Form of Bond) <br />UNITED STATES OF AMERICA <br />State of Indiana <br />County of St. Joseph <br />Registered. <br />No. <br />• <br />Registered <br />-6- <br />
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