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cent (S %) per annum, the exact rate or rates to be determined by bidding, which
<br />interest shall be payable semi - annually on March 1 and September 1 in each year,
<br />beginning on September 1, 1966 and shall be evidenced by coupons attached to said
<br />bonds. Both bonds and interest coupons shall be payable at the First Bank and
<br />Trust Company of South Bend, South Bend, Indiana or at the option of the holder at
<br />The First National Bank of Chicago, Chicago, Illinois, in lawful money of the
<br />United States of America and said bonds shall mature serially in the amounts and
<br />on the dates as follows:
<br />$210,000 September 1, 1973
<br />215,000 September 1, 1974
<br />225,000 September 1, 1975
<br />235,000 September 1, 1976
<br />24.5 ,000 September 1, 1977
<br />250,000 September 1, 1975
<br />255,000 September 1, 1979
<br />260,000 September 1, 1950
<br />The bonds of this issue shall be redeemable at the option of the City, in whole
<br />or in parr, on March 1, 1971, or any interest payment date thereafter, in their
<br />inverse order of maturity and by lot within a maturity, at face value, together
<br />with the following premiums:
<br />390 if redeemed on March 1, 1971, or thereafter on
<br />or before September 1, 1974;
<br />2% if redeemed on March 1, 1975, or thereafter on
<br />or before September l., 1977;
<br />1% if redeemed on March 1, 19 75, or thereaf'rer
<br />prior 'to maturity;
<br />plus in each case accrued interest to the date fixed for redemption. Notice of
<br />such redemption shall be published at least thirty (30) days prior to the date
<br />fixed for redemption at least one time in a newspaper of general circulation
<br />printed and published in the City of South Bend, Indiana, and a newspaper or
<br />financial journal of general circulation published in the City of Indianapolis,
<br />Indiana, and a financial journal of general circulation published in the City of
<br />New York, New York_ If any of -the bonds so to be redeemed are registered, such
<br />notice shall also be mailed to the address of the -registered holder as shown on
<br />the registration records of the City. The notice shall specify the date and place
<br />of redemption and the numbers of the bonds called for redemption. The place of
<br />redemption may be the place of payment named in the bonds, or otherwise as
<br />determined by the City. Interest on the bonds so called for redemption shall
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