Sale of Bonds for Cost of the Construction of Storm, Sanitary & other Sewers to Maple Road

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Section 3. The form and tenor of said bonds and the interest coupons to be attached thereto shall be substantially as follows, to -wit: UNITED STATES OF AMERICA: State of Indiana County of St. Joseph No. $1,000 CITY OF SOUTH BEND MUNICIPAL BOND OF 1961 The City of South Bend, County of St. Joseph, Indiana, for value received, hereby acknowledges itself indebted and promises to pay to the bearer hereof the principal amount of ONE THOUSAND DOLLARS on the first day of , 19 , and to pay in- terest thereon from the date hereof until the principal is paid, at the rate of per cent ( %) per annum, payable on the first day of June, 1962, and semi - annually thereafter on the first days of December and June in each year, upon presentation and surrender of the annexed coupons as they severally become due. Both principal and interest of this bond are payable in law- ful money of the nited States of America at the St. Joseph Bank and Trust Company, South Bend, Indiana. This bond is one of an authorized issue of eleven hundred (1100) bonds of the City of South Bend, Indiana, of like date, denomination, tenor and effect, except as to dates of maturity, aggregating One Million,One Hundred Thousand Dollars ($1,100,000), numbered con- secutively from 1 to 1100, inclusive, issued for the purpose of pro- viding funds to be applied on the cost of constructing sewers, making major street improvements and acquiring rights -of -way for said streets and the Sample Street bridge., and the expenses incidental thereto, pursuant to an ordinance adopted by the Common Council of said City on the day of , 1961, entitled "An Ordinance of the City of South Bend, Indiana, authorizing the issuance and sale of bonds of said City for the purpose of providing funds to be applied on the cost of the construction of storm, sanitary and other sewers to Maple Road for the Northwest Industrial Development area, as well as in the area of LaFayette Boulevard and Iroquois Avenue located North of the St. Joseph River and in the Chippewa Avenue and Ireland Road areas; also, for the acquiring of lands and rights -of -way for a new Sample Street bridge and for making major thoroughfare improvements and acquiring of rights -of -way therefor, together with the incidental expenses to be incurred in connection therewith," and an act of the General Assembly of the State of Indiana entitled "An Act concerning municipal corporations ", approved March 6, 1905, and all acts amend- atory thereof and supplemental thereto, including Chapter 119 of the Acts of 1937. -4-