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Approving Economic Development Bonds - South Bend Forge Inc
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Approving Economic Development Bonds - South Bend Forge Inc
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5/22/2013 10:20:12 AM
Creation date
5/22/2013 10:02:57 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
5/27/1980
Ord-Res Number
6781-80
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Unless a written waiver of such notice is received by the Trustee, <br />notice of the call for redemption of this Bond, or portions thereof, <br />identifying the amount to be redeemed, the redemption price to be paid, <br />the date fixed for redemption and the place where the amounts due upon <br />such redemption are payable, shall be given by the Trustee on behalf of <br />the Issuer by mailing a copy of the redemption notice by certified mail at <br />least five (5) days prior to the date fixed for redemption to the registered <br />holders of the Series 1980 Bonds. <br />Except as provided in the Indenture, the holders or registered owners <br />of the Bonds are not entitled to enforce the provisions of the Indenture or <br />to institute, appear in or defend any suit, action or proceeding to enforce <br />any provisions of the Indenture or to take any action with respect to any <br />event of default under the Indenture. <br />The Indenture permits certain amendments, changes or modifications of <br />the Agreement, the Indenture and the Mortgage not prejudicial to the holders <br />of the Bonds, to be made with the consent of the Trustee, but without the <br />consent of or notice to the holders of the Bonds and other amendments, <br />changes or modifications thereof (with certain exceptions as provided in <br />the Indenture) to be made with the consent of the holders as provided for <br />in the Indenture. <br />If an event of default, as defined in the <br />than an event of default as defined in Section <br />the principal of Bonds then outstanding may be <br />the manner and with the effect provided by the <br />waiver of such event of default or rescission <br />provided in the Indenture. <br />Indenture, shall occur (other <br />6.01(c) of the Indenture), <br />declared due and payable in <br />Indenture, but subject to <br />if such declaration as <br />This Bond shall not constitute the personal obligation, either jointly <br />or severally, of the members of the Common Council, or the officers, of the <br />Issuer. <br />This Bond shall not be entitled to any security or benefit under the <br />Indenture or become valid or obligatory for any purpose until the certificate <br />of authentication hereon shall have been signed by the Trustee. <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things <br />necessary to be done or performed by the Issuer or to have happened precedent <br />to and in the issuing of the Series 1980 Bonds in order to make them legal, <br />valid and binding special obligations of the Issuer in accordance with their <br />terms, and precedent to and in the execution and delivery of the Indenture <br />and Agreement have been done and performed and have happened in regular and <br />due form as required by law; that payment in full for the Series 1980 Bonds <br />has been received; and that the Series 1980 Bonds do not exceed or violate <br />any constitutional or statutory limitation. <br />IN WITNESS WHEREOF, the City of South Bend, in the County of St. Joseph <br />and the State of Indiana has caused this Bond to be executed in the name of <br />the Issuer by the manual signature of its Mayor and of the corporate seal <br />of the Issuer to be affixed hereto or impressed hereon and attested by the <br />manual signature of the Clerk of the said City, all as of the lst day of <br />May, 1980. <br />Attest: <br />Clerk <br />[Seal] <br />CITY OF SOUTH BEND, INDIANA <br />Bv: <br />Mayor <br />
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