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S <br />No. <br />• SOUTH BEND REDEVELOPMENT AUTHORITY <br />.TAXABLE LEASE RENTAL REVENt7E BOND <br />(COVELESKI STADIUM REFUNDING) <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 solely from <br />such Pledged Funds until the Principal Sum shall be fully paid at <br />the rate per annum stated above from the interest payment date to <br />which interest has been paid next preceding the Authentication Date <br />of this Bond unless this Bond is authenticated after the fifteenth <br />day of the month preceding an .interest payment date and on or <br />before such interest payment date in which case it shall bear <br />interest from such interest payment date, or unless this Bond is <br />authenticated on or before February. 15, 1992, in which case it <br />shall bear interest from the Original Date, which interest is <br />payable on March 1 and September 1 of each year, beginning on <br />March 1, 1992.._ _ __ <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 />month preceding such interest payment date. Principal and premium, <br />if any, of this Bond are payable in lawful money of the <br />.United States of America at the principal office of Norwest Bank <br />Indiana, N.A., in South Bend,. Indiana. INTEREST ON .THIS BOND IS <br />NOT E%CLIIDABLE FROM GROSS INCOME FOR FEDERAL TA% PIIRPOSES. <br />This Bond shall not be a valid obligation until duly <br />authenticated by the Trustee, or its successors in trust by the <br />execution of the certificate endorsed hereon. <br />• _7- <br />