Laserfiche WebLink
<br />9 <br />ARTICLE II. <br />THE BONDS <br />Authorized Amount of Bonds. No Bonds may be issued under the provisions of this Indenture <br />except in accordance with this Article. The principal amount of the Bonds (other than Bonds issued <br />in substitution therefor pursuant to Section 2.9 hereof) that may be issued is hereby expressly <br />limited to $___________. <br />Issuance of the Bonds. The Bonds shall be designated “City of South Bend, Indiana, Taxable <br />Economic Development Revenue Bonds, Series 2026 (Colfax Corner ML, LLC Project),” and <br />lettered and numbered R-1 and upward. The Bonds shall be originally issuable as fully registered <br />Bonds without coupons in denominations of $100,000 and any $1 integral multiples thereafter. <br />Interest on Bonds shall be paid to the owners of such Bonds determined as of the close of business <br />of the Record Date next preceding each Interest Payment Date at the registered addresses of such <br />owners as they shall appear on the registration books of the Trustee, as registrar for the Bonds, <br />notwithstanding the cancellation of any such Bonds upon any exchange or transfer thereof <br />subsequent to the Record Date and prior to such Interest Payment Date, unless the Bonds are <br />authenticated prior to _____________ 15, 202__, in which case interest shall be payable from the <br />Original Date of the Bonds. Payment of interest to the holders of all Bonds shall be by check <br />drawn on the main office of the Trustee and mailed to such holder of the Bonds on each Interest <br />Payment Date. The Bonds shall be dated as of the date of their delivery. Interest shall be computed <br />on the basis of a three hundred sixty (360) day year consisting of twelve (12) thirty (30) day <br />months. The interest on the Bonds shall be payable on each February 1 and August 1 commencing <br />[_____________ 1, 202__]. <br />The Bonds shall bear interest from the Interest Payment Date next preceding the date of <br />authentication thereof, unless such date of authentication shall be subsequent to a Record Date in <br />which case they shall bear interest from the Interest Payment Date with respect to such Record <br />Date. <br />The Bonds shall mature on the following dates in the following amounts and at the <br />following interest rates per annum: <br />Payment Date Maturity Amount Interest Rate <br /> <br /> <br />Payment on the Bonds. The principal of and interest on the Bonds shall be payable in any coin or <br />currency of the United States of America which, at the respective dates of payment thereof, is legal <br />tender for the payment of public and private debts. The principal of the Bonds shall be payable at <br />the principal corporate trust office of the Trustee. All payments of interest on the Bonds shall be <br />made to the person appearing on the Bond registration books of the Trustee as the registered owner <br />of the Bonds by check mailed to the Registered Owner thereof as shown on the registration books <br />of the Trustee, as registrar for the Bonds. Each registered owner of $1,000,000 or more in principal <br />amount of Bonds shall be entitled to receive interest payments by wire transfer by providing <br />written wire instructions to the Trustee before the Record Date for such payment. Notwithstanding <br />anything herein to the contrary, the Bonds shall only need to be presented and surrendered for <br />payment upon the final maturity or optional redemption in full.