Authorizing $3,200,000 Economic Development Revenue Bonds - Crowe, Chizek & Company Project

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sions of the Act, this ordinance and the Indenture in the principal amount of $3,200,000, which bonds shall be designated "Economic Development Revenue Bonds, Series 1979 (Crowe, Chizek and Company Project) ", and shall be payable as to principal, interest and premium, if any, in lawful money of the United States of America at the principal office of the Trustee, or its successors in trust, under the provisions of the Indenture. The Bonds shall be issuable as coupon Bonds, registrable as to principal only, or as to both principal and interest, in the denomination of $5,000, and as fully registered Bonds without coupons in the denomination of $5,000 and any integral multiple thereof. The Bonds shall be issued initially as fully registered Bonds. The fully registered Bonds shall be lettered R and shall be numbered separately from 1 upward, and the coupon Bonds shall be numbered separately from 1 upward. The coupon Bonds shall be dated January 1, 1979, and shall bear interest from such date payable semiannually on January 1 and July 1 of each year with the first interest payment to be made on July 1, 1979. Fully registered Bonds shall bear interest payable semiannually as aforesaid and shall be dated as of the date of issue and delivery. Bond number R -1 shall be in the denomination of $2,500,000 and shall bear interest at the rate of six and three - quarters percent ( 6 3/40 ) per annum; Bond number R -2 shall be in the denomination of $700,000 and shall bear interest at the rate of seven and sixty- hundredths percent ( 7.600 ) per annum. The Bonds shall mature and be payable in periodic installments as set forth on Exhibit B to the Indenture. The Bonds shall be subject to redemption at the times, under the circumstances, in the manner, at the prices and with the effect as more fully prescribed in Article III of the Indenture, which terms are, by this reference, incorporated herein. Section 6. City of South Bend, Indiana, Not Liable on Bonds. The Bonds shall be limited obligations of the Issuer and, except - 5 -