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present or future, of the City and /or the Commission will be personally liable <br />for any act or omission related to the issuance of this Bond or under any pro- <br />vision of this Bond or the Indenture or any supplemental instrument thereto. <br />Any and all such personal liability of every nature, whether in common law or in <br />equity, or by statute or by constitution, or otherwise, of any such Member, <br />Director or Officer, as such, to respond by reason of any act or omission on his <br />par's, or otherwise, for the payment for or to the Commission or any receiver <br />thereof, or for or to the holder of any Bond issued thereunder or otherwise, or <br />to the Trustee, of any sum that may remain due and unpaid upon any Bond thereby <br />secured is hereby expressly waived and released as a condition of and in consider- <br />ation for the execution of this Bond and the Indenture. Privilege is reserved <br />to redeem this Bond at any time after October 1, 1980, without notice at the <br />option of the issuer upon payment of the unpaid principal, together with interest, <br />to the date of such redemption. <br />Attest: <br />Irene K. Gammon <br />Its City Clerk <br />Executed at South Bend, Indiana, this day of <br />1977. <br />CITY OF SOUTH BEND, INDIANA <br />Peter J. Nemeth <br />Its Mayor <br />