Authorizing Issurance $6,000,000 Economic Development First Mortgage Revenue Bonds - South Bend Forge Inc

Home Browse Search

redemption at one time, such Project Bonds, or portions of fully registered Project Bonds, shall be called on a pro rata basis among the bondholders in inverse order of the principal installments due. Notice of the call for redemption of Project Bonds, or portions thereof, identifying the amount to be redeemed, the redemption price to be paid, the date fixed for redemption and the place where the amounts due upon such redemption are payable, shall be given by the Trustee on behalf of the Issuer by mailing a copy of the redemption notice by certified mail at least five (5) days prior to the date fixed for redemption to the registered holders of the Project Bonds. Bond service charges on the Project Bonds shall be payable to the bondholders, without deduction for services of any Paying Agent by check mailed by the Trustee to the registered bondholders at the address shown on the list of bondholders maintained pursuant to Section 11(f) hereof. The Project Bonds shall be executed on behalf of the Issuer with the manual or facsimile signature of the Executive of the Legislative Authority of the Issuer, shall bear the seal of the Issuer or a facsimile thereof and shall be attested to with the manual or facsimile signature of the Fiscal Officer of the Legislative Authority, provided that at least one of such signatures shall be manual. Section 6. Terms of all Bonds. All Bonds shall bear such designations as may be necessary to distinguish them from Bonds of any other series. Bond service charges on all Bonds shall be payable in lawful money of the United States of America. All Bonds shall be negotiable instruments, subject to applicable provisions for transfer and registration, and shall express on their faces the purpose for which they are issued and such other statements or legends as may be required by law. All Bonds shall be executed in the manner provided in the Bond Legislation authorizing their issuance or in the manner provided by the - 12 -