1990-12-17 Resolution 26 - Laserfiche WebLink

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(Form of Bond) • UNITED STATES OF AMERICA State of Indiana County of St. Joseph Registered No. $ SOUTH BEND REDEVELOPMENT AUTHORITY TAXABLE LEASE RENTAL REVENUE BOND (AIRPORT ECONOMIC DEVELOPMENT AREA PUBLIC IMPROVEMENT PROJECT) Interest Maturity Original Authentication Rate Date. Date Date CUSIP Registered Owner: Principal Sum: SOUTH BEND REDEVELOPMENT AUTHORITY, a body corporate and • politic, duly organized. and existing under the laws of the State of Indiana .(hereinafter called the "Authority"), for value received, hereby promises to pay to the Registered Owner (named above) or registered assigns, solely out of the Pledged Funds (hereinafter referred to) the Principal Sum set forth above on the Maturity Date set forth above (unless this Bond is subject to and shall have been duly called for prior redemption. and .payment made as provided for herein) , and to pay interest hereon soley from such Pledged Funds until the Principal Sum shall be fully paid at the rate per annum stated above from the interest payment date next preceding the Authentication Date of this Bond unless this Bond is authenticated after the fifteenth day of the month preceding an interest payment date and on or before such interest payment date in which case it shall bear interest from such interest payment date., or unless this Bond is authenticated on or before July 15, 1991, in which case it shall bear interest from the Original Date, which interest is payable on August 1 and February 1 of each year, beginning on August 1, 1991. Interest shall be calculated on the basis of twelve 30-day months for a 360-day year. Interest on this Bond is payable by check or draft mailed one business day prior to the interest payment date to the person in whose name this Bond is registered on the fifteenth day of the month preceding such interest payment date. Principal and premium, • -7-