1988-06-17 Resolution 8 - Laserfiche WebLink

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