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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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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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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
9/10/1962
Ord-Res Number
4501-62
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This bond is one of an authorized issue of one thousand (1,000 -) <br />bonds of the City of South Bend, Indiana, of like date, denomination, <br />tenor and effect, except as to dates of maturity, aggregating One <br />Million Dollars ($1,000,000), numbered consecutively from 1 to 1000, <br />inclusive, issued for the purpose of providing funds to be applied to <br />the payment and redemption of certificates of indebtedness issued by <br />the City in payment of the City's share of street and alley intersec- <br />tion assessments imposed for improvement of streets and alleys under <br />the Barrett Law, repairing streets, paving and improving of streets, <br />constructing sewers, and acquiring rights -of -wag for the Sample Street <br />bridge, and the expenses incidental thereto, pursuant to an ordinance <br />adopted by the Common Council of said City on the day of <br />, 1962, entitled "An Ordinance of the city of South Bend, <br />ndiana, authorizing the issuance and sale of bonds of said City in <br />order to provide funds for application on the cost of the following: <br />to provide for payment and redemption of certificates of indebtedness <br />issued by the .City in payment of the City's share of street and alley <br />intersection assessments imposed for improvement of streets and alleys <br />under the Barrett Law; acquisition of right -of -way in connection with <br />the construction of a new Sample Street bridge; general repair of <br />streets in the Spring of 1963; paving of Voorde. Drive in the Indus- <br />trial Park and the paving and improving,of Chapin, Sample and Scott <br />Streets in the Chapin Street Redevelopment area; construction of storm <br />sewer at Michigan Street and St. Joseph River; construction of combined <br />sanitary and storm sewers at points east of Miami Street from Scottsdale <br />Addition South to Jackson Road; construction of thirty -six inch (36 ") <br />storm sewer crossing only at Mishawaka Avenue between Emerson and <br />Roberts Streets; construction of storm sewer at 31st Street and Mishawaka <br />Avenue; paving and improving of Portage Avenue from Elwood Avenue to <br />Navarre Street and from Lathrop Avenue to Colfax Avenue; and the con- <br />struction of storm sewer crossing only at Portage Avenue between Vassar <br />Avenue and Humboldt Street; together with the incidental expenses to be <br />incurred in connection therewith; and an act of the General Assembly of <br />the State of Indiana entitled "An Act concerning municipal corporations% <br />approved March 6, 1905, and all acts amendatory thereof and supple- <br />mental thereto, including Chapter 119 of the Acts of 1937- <br />It is hereby certified and recited that ell acts, conditions, and <br />things required to be done precedent to and in the execution, issuance <br />and delivery of this bond have been done and performed in regular and <br />due form as provided by law; that this bond and said total issue of <br />bonds is within every limit of indebtedness prescribed by the consti- <br />tution and laws of the State of Indiana, and that the full faith and <br />credit of the City of South Bend, together with all of its taxable <br />property, both real and personal, are hereby irrevocably pledged to the <br />punctual payment of the principal and Iterest of this bond according <br />to its terms. <br />IN WITNESS WHEREOF /the City of South Bend, St. Joseph County, <br />Indiana, by ordinance of its Common Council, has caused this bond to be <br />signed in its corporate name by its Mayor, countersigned by its City <br />Controller, its corporate seal to be hereunto affixed and attested by <br />its City Clerk, and the interest coupons hereto attached to be executed <br />by placing thereon the facsimile signature of said City Controller, as <br />of the first day of , 1962. <br />ATTEST <br />City Clerk <br />-5- <br />THE CITY OF SOUTH BEND, INDIANA <br />Mayor <br />Countersigned <br />City Controller <br />
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