Acquisition and Construction of Extensions and Additions Waterworks authorizing Revenue Bonds to Provide Cost thereof

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statutes, including the right to compel the collection of suffic- ient rates and charges to provide for the payment of this bond and the interest hereon. This bond and all other bonds of said issue shall, in the hands of bona fide holders, have all of the qualities of negotiable instruments under the law merchant. This bond may be registered at the office of the City Controller as to prin- cipal only, in the name of the owner, in the manner and with the effect provided in said ordinance, but unless registered shall pass by delivery. The interest coupons attached hereto shall at all times pass by delivery. If any bond or interest coupon shall not be presented for payment on the date fixed therefor, the City may deposit in trust with St. Joseph Bank and Trust Company, South Bend, Indiana, an amount sufficient to pay such bond or interest coupon, as the case.may be, and thereafter the holder shall look only to the funds so deposited in trust with said bank for payment and neither the City nor its 'waterworks shall have any further obligation or liability in respect thereto. It is hereby certified and recited that all acts, conditions and things required to be done precedent to and in the execution, issuance and delivery of this bond have been done and performed in regular and due form as provided by law. IN WITNESS WHEREOF, the City of South Bend, in St. Joseph County, State of Indiana, has caused this bond to be signed in its corporate name by its duly elected, qualified and acting Mayor, countersigned by its City Controller, its corporate seal to be hereunto affixed and attested by its duly elected, qualified and acting City Clerk, and the interest coupons hereto attached to be executed by placing thereon the facsimile signatures of said NIa or and City Controller, all as of the first day of 1960. Attest: City Clerk CITY OF SOIITA :fill .i : Countersigned: -11- City Controller