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1 upwards, shall be dated as of October 1, 1983, shall mature on
<br />October 1, 1984, and shall bear interest at a rate not exceeding
<br />twelve percent (12 %) per annum, the exact rate or rates to be
<br />determined by bidding, which interest shall be payable at maturity.
<br />Both bonds and interest shall be payable at the 1st Source Bank, in
<br />the City of South Bend, Indiana, or at any additional or successor
<br />paying agent designated by the City.
<br />SECTION 3. Said bonds shall be executed in the name of the
<br />City of South Bend Indiana, by the facsimile signature of the Mayor
<br />of said City, countersigned by the facsimile signature of the City
<br />Controller, and attested by the manual signature of the City Clerk,
<br />who shall affix the seal of the City to each of said bonds. Said
<br />bonds shall, in the hands of bona fide holders, have all of the
<br />qualities of negotiable instruments under the laws of the State of
<br />Indiana.
<br />SECTION 4. The form and tenor of the bonds shall be
<br />substantially as follows (all blanks to be properly completed prior
<br />to the printing of the bonds):
<br />No.
<br />UNITED STATES OF AMERICA
<br />State of Indiana County of St. Joseph
<br />CITY OF SOUTH BEND, INDIANA
<br />JUDGMENT FUNDING BONDS OF 1983
<br />$5,000.00
<br />The City of South Bend, a municipal corporation of the
<br />State of Indiana, located in St. Joseph County, for value
<br />received, hereby acknowledges itself indebted and promises
<br />to pay to the bearer hereof the principal amount of
<br />FIVE THOUSAND DOLLARS
<br />on October 1, 1984, and to pay interest thereon from the
<br />date hereof until the principal is paid, at the rate of
<br />percent (_%) per annum, payable on
<br />October1,1984.
<br />Both principal and interest of this bond are payable
<br />in lawful money of the United States of America, upon
<br />presentation and surrender of this bond, at 1st Source
<br />Bank of South Bend, in the City of South Bend, Indiana,
<br />or at any additional or successor paying agent designated
<br />by the City.
<br />This bond is one of an authorized issue of thirty -one
<br />(31) bonds of the City of South Bend, of like date, denomi-
<br />nation, tenor and effect, aggregating One Hundred Fifty -five
<br />Thousand Dollars ($155,000.00), numbered consecutively from
<br />1 to 31 inclusive, issued pursuant to I. C. 36- 4 -6 -19 and
<br />an ordinance adopted by the Common Council of said City on
<br />, 1983, entitled "An Ordinance of the City of
<br />South en Indiana, authorizing the issuance and sale of
<br />bonds of said City in order to provide funds for payment
<br />of judgments against the City ".
<br />It is hereby certified and recited that all acts,
<br />conditions and things required to be done precedent to and
<br />in the execution, issuance and delivery of this bond have
<br />been done and performed in regular and due form as provided
<br />by law; that this bond and said total issue of bonds is with-
<br />in every limit of indebtedness prescribed by the Constitution
<br />and laws of the State of Indiana, and that the full faith
<br />and credit of the City, together with all of its taxable
<br />property, both real and personal, are hereby irrevocably
<br />pledged to the punctual payment of the principal and
<br />interest of this bond according to its terms.
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