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sale of the bonds and all incidental expenses necessary to be
<br />incurred in connection therewith, the City shall make a loan in an
<br />amount not to exceed �0- 13-rs-
<br />-(�5- 53-000 -�-00 -) One Hundred Seventy Thousand Dollars ($170,000.00).
<br />In order to procure said loan pursuant to I. C. 36- 4 -6 -19, the
<br />Common Council hereby determines to issue and sell the negotiable
<br />and general obligation bonds of the City, to be designated as
<br />"Judgment Funding Bonds of 1984",
<br />in an aggregate principal amount not to exceed - 0n-e --_H i nn
<br />Flfty=flve- Thousand- Dollars- One Hundred Seventy
<br />Thousand Dollars ($170,000.00), which bonds shall be issued in
<br />bearer form without coupons, in the denomination of Five Thousand
<br />Dollars ($5,000.00), shall be numbered consecutively from 1
<br />upwards, shall be dated as of Oeteber- -1; -1 -9$3; March 1, 1984, shall
<br />mature on Oeteber -1; -1984; March 1, 1985, and shall ear interest
<br />at a rate not exceeding twelve percent (12%) per annum, the exact
<br />rate or rates to be determined by bidding, which interest shall be
<br />payable at maturity. Both bonds and interest shall be payable at
<br />the 1st Source Bank, in the City of South Bend, Indiana, or at any
<br />additional or successor paying agent designated by the City.
<br />SECTION II. Section 4 of Ordinance No. 7230 -83 is
<br />amended by additions and deletions and shall read in its entirety
<br />as follows:
<br />SECTION 4. The form and tenor of the bonds shall be
<br />substantially as follows (all blanks to be properly completed
<br />prior to the printing of the bonds):
<br />UNITED STATES OF AMERICA
<br />State of Indiana County of St. Joseph
<br />No.
<br />CITY OF SOUTH BEND, INDIANA
<br />JUDGMENT - FUNDING- B9NDS -9F -4983
<br />JUDGMENT FUNDING BONDS OF 1984
<br />$5,000.00
<br />The City of South Bend, a municipal corporation of the State
<br />of Indiana, located in St. Joseph County, for value received,
<br />hereby acknowledges itself indebted and promises to pay to the
<br />bearer hereof the principal amount of
<br />FIVE THOUSAND DOLLARS
<br />on 8etober -1; -1984; March 1, 1985, and to pay interest thereon
<br />from the date hereof until the principal is paid, at the rate of
<br />percent ( %) per annum, payable on Geteber -1 -1984 -
<br />Marc , 1985.
<br />Both principal and interest of this bond are payable in lawful
<br />money of the United States of America, upon presentation and sur-
<br />render of these bonds, at 1st Source Bank of South Bend, in the City
<br />of South Bend, Indiana, or at any additional or successor paying
<br />agent designed by the City.
<br />This bond is one of an authorized issue ofk1�y- o�te -F3�1}
<br />thirty -four (34) bonds of the City of South Bend, of like date,
<br />denomination, tenor and effect, aggregating Ame- Hundred -Fifty -five
<br />£l�et3sa�d- Deltas- F$155;A8A:AA }; One Hundred Seventy Thousand
<br />Dollars ($170,000.00), numbered consecutively from 1 to 81 34 in-
<br />clusive, issue pursuant to I. C. 36- 4 -6 -19 and an ordinance adopted
<br />by the Common Council of said City on August 8, 1983, entitled "An
<br />Ordinance of the City of South Bend, Indiana, authorizing the
<br />issuance and sale of bonds of said City in order to provide funds for
<br />- 2 -
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