Purchase of Land and the Construction , off Street Parking Facilities Issuance of revenue Bonds and Distribution of the Revenues

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days prior to the date fixed for redemption. If any of the bonds so to be redeemed are registered,,such notice shall be mailed to the address of the registered holder as shown on the registration record of the City. The notice shall spec- ify the date and place of redemption and the serial numbers of the bonds called for redemption. The place of redemption may be any bank determined by the City. Interest on the bonds so called for redemption shall cease on the redemption date fixed in such notice, if sufficient funds are available at the place of redemption to pay the redemption price on the date so named and when said bonds shall be presented for re- demption. If any unmatured bond and coupon or coupons so called for redemption shall not be presented on the date fixed for redemption at the place of redemption, the City may place in trust at the bank constituting the place of redemption suf- ficient funds to effect such redemption, and thereafter the holder of such bond and coupon or coupons shall be entitled to payment only from such trust funds and the redemption there- of shall be deemed to have been effected and the bonds no long- er outstanding. Sec. 4. Said bonds shall be signed in the name of the City of South Bend by the Mayor, countersigned by the City Controller, and attested by the City Clerk, who shall affix the seal of said City to each of said bonds. The interest coupons attached to said bonds shall be executed by placing thereon the facsimile signatures of the Mayor and City Con- troller, and said officials, by the signing of said bonds, shall adopt as and for their own proper signatures the fac- simile signatures appearing on said coupons. Said bonds shall have all of the qualities and incidents of negotiable instru- - 7 -