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thereof and shall be redeemed as provided in the Security Agree- <br />ment and Indenture of Trust. Payments of principal and interest <br />are payable in lawful money of the United States of America at the <br />principal office of the Trustee or its successor in trust or by <br />check or draft mailed or delivered to the registered owner as <br />provided in the Security Agreement and Indenture of Trust. The <br />bonds shall never constitute a general obligation of, an indebtedness <br />of, or a charge against the general credit of the City of South Bend <br />or the State of Indiana nor are the bonds payable in any manner <br />from revenues raised by taxation. <br />Section 6. The Mayor and Clerk are authorized and directed to <br />sell such bonds to the purchasers thereof at the rate of interest on <br />the bonds equal to 75% of the prime commercial lending rate ( "Prime <br />Rate ") announced by Citibank, of New York, New York, at its principal <br />office on December 1, 1983, such rate to be adjusted from time to <br />time contemporaneously with each change in said Citibank's Prime <br />Rate; provided, however, that in the event interest on the bonds <br />becomes taxable, the interest rate shall increase to the Prime Rate <br />of said Citibank, as adjusted from time to time contemporaneously <br />with each change of said Bank's Prime Rate, plus 1 The bonds <br />shall be sold at a price not less than 100% of the principal amount <br />thereof. <br />Section 7. The Mayor and Clerk are authorized and directed to <br />execute, attest, affix or imprint by any means the City seal to the <br />-5- <br />