1991-11-15 Resolution 46 - Laserfiche WebLink

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REFERENCE IS MADE TO THE. FURTHER PROVISIONS OF THIS BOND SET FORTH ON THE REVERSE HEREOF WHICH SHALL. FOR ALL PURPOSES HAVE THE SAME EFFECT AS IF DULY.SET.FORTH HEREIN. (Reverse of Bond) This Bond is one of an authoi iofdlike date,B tenor andeeffect .Bend Redevelopment Authority, al .(except as to numbering,- denomination, interest rates and dates of maturity), in the .aggregate principal amount of Four Million Two Hundred Eight Thousand Dollars ($4,280,000), issued under and in accordance with, and all equally and ratably entitled. to the benefits of, and ratably secured by, a Trust Agreement (hereinafter called the "Agreement"), dated as of November 1, 1991, executed by the Authority and Norwest Bank Indiana, N.A., as Trustee, to which reference is hereby made for a description of the rentals and other income (the "Pledged Funds") pledged as security for the payment of the Bonds and interest thereon and the rights under said Agreement of the Authority, the holders of t theBacce t ncetof Trustee, to all of which the holders hereof, by P .this Bond, agree. The Authority covenants that one business day prior to March 1 and .September 1 in each year, beginning with March 1, 1992, it will pay to the Trustee, prior to the due date, an amount sufficient to pay the principal and all interest as it becomes due until all of the Bonds of this issue shall have been retired. In case an event of default, as defined in the Agreement, occurs,. the principal of this Bond may become or may be declared due and payable prior to the stated maturity hereof, in the manner, and with the effect, and subject to the conditions provided in the Agreement. This Bond is transferable by the registered owner hereof at the principal office of Norwest Bank Indiana, N.A., upon surrender - --- ---and-• cancellation of this -Bond and on presentation of a duly - °°---- executed written instrument of transfer and thereupon a new Bond or Bonds of the same aggregate principal -amount and maturity and in authorized denominations will be issued to the transferee or transferees in exchange therefor. This Bond may be exchanged upon surrender hereof at the principal office of Norwest Bank Indiana, N.A., duly endorsed by the owner for the same aggregate principal amount of Bonds of the same maturity in authorized denominations as the owner may request. The Authority and the Trustee may deem and treat the person in whose name this Bond is registered as the absolute owner hereof. (Front of Bond) • 8