My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1988-06-17 Resolution 8
sbend
>
Public
>
Redevelopment Authority
>
Resolutions
>
1988-1989
>
1988
>
1988-06-17 Resolution 8
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/17/2008 11:50:07 AM
Creation date
7/17/2008 11:50:05 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
127
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
This Bond is one of an authorized issue of Bonds of the. <br />South Bend Redevelopment Authority, all of like date, tenor and <br />• effect (except as to numbering, denomination, interest rates and <br />dates of maturity), in the. aggregate principal amount of Five <br />Million Six Hundred Eighty-five Thousand Dollars ($5,685.,000), <br />issued under and in accordance with, and all equally and ratably <br />entitled to the benefits of, and ratably secured by, a Trust <br />Agreement (hereinafter called the "Agreement"), dated as of <br />June 1, 1988, executed by the. Authority and First Interstate Bank <br />of Northern Indiana, N.A., as Trustee, to which reference is <br />hereby. made for a description of the rentals and other ..income <br />(the "Pledged Funds") pledged as security for the payment of the <br />Bonds and interest thereon and the rights under said Agreement of <br />the Authority, the holders of the Bonds and the Trustee, to all <br />of which the holders hereof, by the acceptance of this Bond, <br />agree. <br />The Authority covenants that one business day prior to <br />March 1 and September 1 in each year, beginning with March 1, <br />1989, it will pay to the Trustee, prior to the due date, an <br />amount sufficient to pay the principal and all interest as it <br />becomes due until all of the Bonds of this issue shall have been <br />retired. <br />The Bonds of this issue may be redeemed prior to <br />maturity at the option of the Authority in whole or in part in <br />whole multiples of $5,000, in inverse order of maturities and by <br />lot within maturities, on any date, at face value and without <br />• premium, plus accrued interest to-.the date fixed for redemption; <br />provided notice has been given by mail to the registered owners <br />of all Bonds. If this Bond is so called for redemption, and <br />payment is made to the Trustee in accordance with the terms of <br />the Agreement, this Bond shall cease to bear interest or to be <br />entitled to the lien of the Agreement from and after the date <br />fixed for the redemption in the call. <br />In case an event of default, as defined in the <br />Agreement, occurs, the principal of this Bond may become or may <br />be declared due and payable prior to the stated maturity hereof, <br />in the manner, and with the effect, and subject to the conditions <br />provided in the Agreement. <br />This Bond is transferable by the registered owner hereof <br />at the principal office of First Interstate Bank of Northern <br />Indiana, N.A., upon surrender and cancellation of this Bond and <br />- on presentation of a duly executed written instrument of transfer <br />and thereupon a new Bond or Bonds of the same aggregate principal <br />amount and maturity and in authorized denominations will be <br />issued to the transferee or transferees in exchange therefor. <br />This Bond may be exchanged upon surrender hereof at the principal <br />office of First Interstate Bank of Northern Indiana, N.A., duly <br />endorsed by the owner for-the same aggregate principal amount of <br />Bonds of the same maturity in authorized denominations as the <br />• owner may request. <br />-8- <br />
The URL can be used to link to this page
Your browser does not support the video tag.