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of 1961,„ in the aggregate principal amount of One Million, <br />One Hundred Thousand Dollars ($1,100,000), which bonds shall <br />be issued in the denomination of One Thousand Dollars ($1,000), <br />shall be numbered consecutively from 1 to 1100 inclusive, <br />shall be dated as of the first day of the month in which said <br />bonds are sold, and shall bear interest at a rate not exceeding <br />four per cent per annum (the exact rate to be determined <br />by bidding) which interest shall be payable on June 1, 1962., <br />and semi - annually thereafter on December 1, and June 1, of <br />each year, and shall be evidenced by coupons attached to said <br />bonds. Both bonds and interest coupons shall be payable at <br />the St. Joseph Bank and Trust Company, South Bend, Indiana, in <br />lawful money of the United States of America. The bonds shall <br />mature serially in the amounts and on the dates as follows; <br />025,000 <br />$25,000 <br />75,000 <br />75,000 <br />050,000 <br />50,000 <br />175,000 <br />$75,000 <br />$200,000 <br />$200,000 <br />$125,000 <br />$125,000 <br />on <br />on <br />on <br />on <br />on <br />on <br />on <br />on <br />on <br />on <br />on <br />on <br />June 1, 1963; <br />December 10 1963; <br />June 1, 1964; <br />December 1, 1964; <br />June 1, 1965; <br />December 1, 1965; <br />June 1, 1966; <br />December 1, 1966; <br />June 1, 1967; <br />December 1, 1967; <br />June 1, 1968; <br />December 1, 1968. <br />"Said bonds shall be signed in the name of The City of <br />South Bend by the Mayor, countersigned by the City Controller, <br />and attested by the City Clerk who shall affix the seal of the <br />City to each of said bonds. The interest coupons attached to <br />said bonds shall be executed with the facsimile signature of <br />the City Controller, and said official, by the countersigning <br />-2- <br />