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25,000.00 <br />June 1, 1963 <br />$ 2.5, 000.00 <br />December 1, <br />1963 <br />$ 25,000.00 <br />June 1, 1964 <br />$ 250 000. 00 <br />December 1, <br />1964 <br />$175,000.00 <br />June 1, 1965 <br />$175., 000. 00 <br />December 1, <br />1965 <br />$275,000.00 <br />June 1, 1966 <br />$275,000.00 <br />December 1, <br />1966 <br />Said bonds shall be signed in the name of the City of <br />South Bend by the Mayor of said City, countersigned by the City <br />Controller, and attested by the City Clerk who shall affix the seal <br />of said city to each of said bonds. The interest coupons attached <br />to said bonds shall be executed by placing thereon the facsimile <br />signatures of the Mayor and City Controller, and said officials, by <br />the signing of said bonds, shall adopt as and for their proper signa- <br />tures their facsimile signatures appearing on said coupons. Said <br />bonds shall, in the hands of bona fide holders, have all of the qualities <br />of negotiable instruments under the law merchant. <br />Section 3. The form and tenor of said bonds, and the <br />interest coupons to be attached thereto, shall be substnatially as <br />follows, to -wit: <br />UNITED STATES OF AMERICA <br />State of Indiana County of St. Joseph <br />No. $1,000.00 <br />CITY OF SOUTH BEND <br />MUNICIPAL BOND OF 1960 <br />The City of South Bend, in St. Joseph County, <br />Indiana, for value received, hereby acknowledges itself <br />indebted and promises to pay to the bearer hereof the <br />principal amount of <br />ONE THOUSAND DOLLARS <br />on the first day of 19 , and to pay <br />interest thereon from the date hereof until the principal <br />is paid, at the rate of ( ) per <br />centum per annum, payable semi - annually on the first <br />days of June and December of each calendar year beginning <br />on June. 1, 1961, upon presentation and surrender of the <br />annexed coupons as they severally become due. <br />- 3 - <br />