Authorizing the issuance and sale of bonds in order to provide funds for application on the cost of the payment and redemption of certificates of indebtedness issued by the City in payment of the City's share of street and alley intersection assessments

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$ 25,000 on June 1st, 1963; 25,000 on December 1st, 1963$" 25,000 on June 1st, 1964; 25,000 on December 1st, 1964; 25,000 on June 1st, 1965; 25000 on December 1st, 1965; 25,000 on June 1st, 1966; 25,000 on December lst, 1966; 175,000 on June 1st, 1967; 175,000 on December lst, 1967; 225,000 on June 1st, 1968; 225,000 on December 1st, 1968; 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 the City to each of said bonds. The interest coupons attached to said bonds shall be executed with the facsimile signature of the City Controller, and said official, by the countersigning of said bonds, shall adopt as and for his own proper signature his facsimile signature appearing on said coupons. Said bonds shall, in the hands of bona fide holders, have all of the qualities of negotiable instruments under the law merchant. Section 3. The form and tenor of said bonds and the interest coupons to be attached thereto shall be substantially as follows, to -wit: No. UNITED STATES OF AMERICA State of Indiana County of St. Joseph $1,000 CITY OF SOUTH BEND MUNICIPAL BOND OF 1962 The City of South Bend, County of St. Joseph, Indiana, for value received, hereby acknowledges itself indebted and promises to pay to the bearer hereof the principal amount of ONE THOUSAND DOLLARS on the first day of thereon from the date hereof of per cent first day of June, 1963, and of December and June in each the annexed coupons as they 19 , and to pay interest until the principal is paid, at the rate ( %) per annum, payable on the semi - annually thereafter on the first days year, upon presentation and surrender of severally become due. Both principal and interest of this bond are payable in lawful money of the United States of America at the St. Joseph Bank and Trust Company, South,Bond, Indiana. -4-