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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(Interest Coupon) Coupon No. On , 19 , the City of South Bend, Indiana, will pay to bearer at the St. Joseph Bank and Trust Company, South Bend, Indiana, Dollars in lawful money of the United States of America, being the interest then due on its Municipal Bond of 1962, dated , 1962. THE CITY OF SOUTH BEND, INDIANA By (Rtcsirdl e ) City Controller Section 4. As soon as can be done after the passage of this ordinance, the City Clerk shall give notice of the filing of the petition for the issuance of and the determination to issue bonds. Said notice shall be published once each week for two (2) weeks in the South Bend Tribune and The Record, the same being newspapers published in The City of South Bend and representing the two (2) leading political parties, and copies of said notice shall also be posted in three (3) public places in the City, as provided by Sec. 64 -19ro and Sec. 64- )9 /SBurns Indiana Statutes 1933• Said bonds shall not be advertised for sale prior to the expire- tion of the period during which taxpayers may file remonstrances or objecting petitions to the issuance of said bonds. In the event a remonstrance shall be filed by the owners of taxable real estate under the provisions of Sec. 64 -191O Burns Indiana Statutes 1933, then no further steps towards the issuance of said bonds shall be taken unless and until the Common Council shall have determined that such remon- strance is insufficient. In the event an objecting petition or peti- tions are filed by taxpayers under the provisions of See. 64- ►91 S' Burns Indiana Statutes 1933, then no further steps towards the issuance of said bonds shall be taken unless and until the State Board of Tax Commissioners shall issue its order approving the issuance of said bonds. In the event it shall be determined by the State Board of Tax Commissioners, or otherwise, that the whole amount of the bonds herein authorized shall not be issued, then the City Controller shall be authorized to advertise and sell a lesser amount of bonds, and the bonds not issued and sold shall be the bonds of the longest maturity or maturities. Section 5. Prior to the sale of said bonds the City Controller shall cause to be published a notice of such sale once each week f or -6- i