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Amend Section 3, 6 and 12 Ordinance No. 4321-60 Concerning acquisition and construction of extensions and additions to the Waterworks
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Amend Section 3, 6 and 12 Ordinance No. 4321-60 Concerning acquisition and construction of extensions and additions to the Waterworks
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5/7/2014 4:20:28 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/2/1960
Ord-Res Number
4346-60
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UNITED STATES OF AMERICA <br />State of Indiana County of St. Joseph <br />No. $1,000.00 <br />CITY OF SOUTH BEND <br />WATERWORKS REVENUE BOND OF 1960 <br />The City of South Bend, in St. Joseph County, State of <br />Indiana, for value received, hereby promises to pay to bearer, <br />or if this bond be registered then to the registered holder here- <br />of, solely out of the special revenue fund hereinafter referred <br />to, the principal amount of <br />ONE THOUSAND DOLLARS <br />on the first day of September, 19 , and to pay interest there- <br />on from the date hereof until the principal is paid, at the rate <br />of per cent (_%) per annum, payable semi- <br />annually on the first days of March and September in each year, <br />beginning on March 1, 1961, upon presentation and surrender of <br />the annexed coupons as they severally become due. <br />Both principal and interest of this bond are payable in law- <br />ful money of the United States of America at the St. Joseph Bank <br />and Trust Company, South Bend, Indiana, in the City of South <br />Bend, Indiana, or at the option of the holder at the City National <br />Bank and Trust Company of Chicago, in the City of Chicago, Illi- <br />nois. <br />This bond is one of an authorized issue of one thousand nine <br />hundred forty (1, 940) bonds of the City of South Bend, of like date, <br />denomination, tenor and effect, except as to rates of interest and <br />dates of maturity, in the total amount of One Million Nine Hundred <br />Forty Thousand Dollars ($1,940,000.00), numbered consecutively <br />from 1 to 1940 inclusive, issued for the purpose of providing funds <br />to pay the cost of extensions and additions to the municipally owned <br />waterworks of said City pursuant to an ordinance passed by the <br />Common Council of said City on the 23rd day of May, 1960, en- <br />titled "An Ordinance concerning the acquisition and construction <br />of extensions and additions to the waterworks owned and operated <br />by the City of South Bend, Indiana, authorizing the issuance of <br />revenue bonds to provide for the cost thereof, and matters con- <br />nected therewith," as amended by an ordinance passed by the <br />Common Council of said City on the day of <br />1960, and in strict compliance with the provisions of the governing <br />statutes, particularly Chapter 155 of the Acts of the General Assem- <br />bly of the State of Indiana for the year 1929, and all acts amendatory <br />thereof or supplemental thereto. <br />The principal and interest of this bond and all other bonds <br />of said issue, and any bonds ranking on a parity therewith, are <br />- 5 - <br />
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