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