Concerning Construction and the Installation of Extensions, Additions and Improvements to the Waterworks

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cease on the redemption date fixed in said notice, if funds are available at the T of redemption to pay the rincipal of and premium and interest on -the bonds so called for redemption, on the date fixed in said notice and thereafter when presented for payment. Coincidentally with the payment of the redemption price, the bonds so called for redemption shall be surrendered for cancellation, 'together with -the unmatured interest coupons appurtenant 'thereto. Section S. Said bonds shall be signed in -the name of the City by the Mayor, countersigned by the City Controller, and attested by the City Clerk, who shall affix -the seal of the City -to each of said bonds. The interest coupons attached to said bonds shall be executed by placing thereon the facsimile signatures of tiie Mayor and City Controller, and said officials, by the signing of said bonds, shall adopt as and for their proper signatures 'the facsimile signatures appearing on said coupons. In case any officer whose signature appears on -the bonds or coupons shall cease to be such officer before the delivery of such bonds., his signature shall nevertheless be valid and sufficient for all purposes the same as if such officer had remained in office until such delivery. Said bonds shall be negotiable by delivery unless registered Upon presentation of the bonds at the office of the City Controller in the City of South Bend, said Controller shall register said bonds as to the principal thereof, without charge or expense to the holder. Such registry shall be noted on -the bonds, after which no transfer thereof will be valid unless made by d-ie registered ocmer in person or by his attorney duly authorized, and similarly noted on the bonds, but said bonds may be discharged from registry by being in like manner transferred to bearer, after which they shall be transferable by delivery, but may be again registered as before. The registration of any bond shall not affect the negotiability of the interest coupons attached thereto, but such coupons shall continue to pass by delivery merely and shall remain payable to bearer. Section u. The form and tenor of said bonds and 'the interest coupons to be attached thereto, together with the form of registry endorsement thereon, shall be substantially as follows, all blanks -to be filled in properly prior to delivery thereof: -7-