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Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues
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Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues
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1/16/2014 3:10:56 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
6/9/1969
Ord-Res Number
5089-69
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Sec. 5. The form and tenor of said bonds, the interest <br />coupons to be attached thereto, and the form of registry en- <br />dorsement thereon, shall be substantially as follows, all <br />blanks to be filled in properly prior to delivery thereof: <br />UNITED STATES OF AMERICA <br />State of Indiana County of St. Joseph <br />No. $5,000 <br />CITY OF SOUTH BEND <br />OFF - STREET PARKING REVENUE BOND <br />SERIES 1969 PROJECT <br />The City of South Bend, in St. Joseph County, <br />State of Indiana,.for value received, hereby prom- <br />ises to pay to the bearer hereof, or if this bond <br />be registered then to the registered holder, solely <br />out of the special revenue fund hereinafter referred <br />to, the principal amount of <br />FIVE THOUSAND DOLLARS <br />on the first day of January, (unless this bond <br />be subject to and be called for redemption prior to <br />maturity as hereinafter provided), and to pay inter- <br />est thereon from the date hereof until the principal <br />is paid, at the rate of <br />per cent ( %) per annum, payable on the first <br />days of January and July in each year, beginning on <br />January 1, 1970, upon presentation and surrender of <br />the annexed coupons as they severally become due. <br />Both principal and interest of this bond are <br />payable in lawful money of the United States of <br />America at the main office of First Bank and Trust <br />Company of South Bend, in the City of South Bend, <br />Indiana, or, at the option of the holder, at <br />.................... ...... ................... <br />in the City of ' <br />This bond is one of an authorized issue of <br />( ) bonds of the City of South <br />Ben of Ike a te tenor and effect, except as to <br />numbering, rates of interest, and dates of maturity, <br />in the total amount of .....I. <br />...... <br />numbered-from. 1 <br />to inclusive, issued for the purpose of provid- <br />ing funds to pay the cost of off - street parking facili- <br />ties in the City designated as "Project 1969," as au- <br />thorized by an ordinance adopted by the Common Council <br />of the City of South Bend on the day of , <br />1969, entitled "An Ordinance of the City of South Ben <br />concerning the purchase of land and the construction, <br />
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