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of any constitutional or statutory provision whatsoever. The liability of
<br />the City and /or Commission shall be as described in the Indiana Municipal Economic
<br />Development Act of 1965, together with the amendments and supplements thereto,
<br />and as provided by the Indenture and all supplemental instruments thereto.
<br />No member, Director, or Officer, as such, past, present or future, of the City
<br />and /or the Commission will be personally liable for any act or omission related
<br />to the issuance of this Bond or under any provision of this Bond or the Indenture
<br />or any supplemental instrument thereto. Any and all such personal liability
<br />of every nature, whether in common law or in equity, or by statute or by consti-
<br />tution, or otherwise, of any such Member, Director, or Officer, as such, to
<br />respond by reason of any act of omission on his part, or otherwise, for the
<br />payment for or to the Commission or any receiver thereof, or for or to the
<br />holder of any Bond issued thereunder or otherwise, or to the Trustee, or-any
<br />sum that may remain due and unpaid upon any Bond thereby secured is hereby
<br />expressly waived and released as a condition of and in consideration for the
<br />execution of this Bond and the Indenture.
<br />As provided in and to the extent permitted by the Indenture, and all supplemental
<br />instruments thereto, said Indenture and supplemental instruments may be amended,
<br />altered, modified or supplemented by the City, the Commission, the Trustee
<br />and the Lessee, provided, however, that no modification may affect the reduction
<br />or the extension of the stated time of payment of the principal of this Bond,
<br />or of the interest hereon, or of any premium payable on the redemption hereof,
<br />or change the percentage of bondholders required to annul the declaration of
<br />default, authorize the sale, lease or encumbrance of the real estate or the
<br />facility by the lien of any mortgage, or change the rights and duties of the
<br />Trustee.
<br />This Bond (or series of Bonds) shall mature on or before June 30, 1984. This
<br />Bond (or series of Bonds) may be redeemed in whole or in part at the option
<br />of the City at any time by paying the principal amount due on this Bond (or
<br />on all of the Bonds of the series) with all interest due thereon, up to the
<br />date of redemption.
<br />Notice of redemption shall be given by the City to the Trustee at least Sixty
<br />(60) days prior to the date of redeeming said Bond(s). The Trustee shall notify
<br />the bondholder(s) in writing of the redemption at least Thirty (30) days prior
<br />to the date of redemption. After notice of redemption has been given by the
<br />Trustee and the date of redemption has been met by the paying of the principal
<br />amount of the Bond(s) and the unpaid interest thereon, then after said date
<br />said Bond(s) shall bear no interest. This Bond shall be authenticated by the
<br />certificate of the Trustee endorsed hereunder.
<br />IN WITNESS WHEREOF, the City of South Bend, Indiana, has caused this Bond to
<br />be executed by the Mayor by manual signature and to be attested by the City
<br />Clerk by manual signature, and its corporate seal to be affixed hereto, and
<br />has caused this Bond to be forwarded to the Trustee for authentication on
<br />, 1973.
<br />CITY OF SOUTH BEND, INDIANA
<br />ATTEST: BY:
<br />Irene K. Gammon, City Clerk Jerry J. Miller, Mayor
<br />This Bond is hereby authenticated by the undersigned as Trustee, on , 1973.
<br />ST. JOSEPH BANK AND TRUST COMPANY,
<br />South Bend, Indiana, TRUSTEE
<br />5Z
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