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Authorizing the Issuance and Sale of Bonds for Cost of Construction of Storm, Sanitary & other Sewers to maple Road for the Northwest Industrial Development Area
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Authorizing the Issuance and Sale of Bonds for Cost of Construction of Storm, Sanitary & other Sewers to maple Road for the Northwest Industrial Development Area
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5/15/2014 1:16:43 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/13/1961
Ord-Res Number
4409-61
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of said bonds, shall adopt as and for his own proper signature <br />his facsimile signature appearing on said coupons;. Said bonds <br />shall, in the hands of bona fide holders, have all of the <br />qualities of negotiable instruments under the law merchant." <br />Section 2. That Section 3 of the above entitled Ordinance be <br />and the same is hereby amended to read as follows: <br />"Section 3. The form and tenor of said bonds and the <br />interest coupons to be attachedthereto shall be substantially <br />as follows, to -wit: <br />UNITED STATES OF AMERICA <br />State of Indiana County of St. Joseph <br />No. $1,000 <br />CITY OF SOUTH BEND <br />MUNICIPAL BOND OF 1961 <br />The City of South Bend, County of St. Joseph, Indiana, for <br />value received,, hereby acknowledges itself indebted and promises <br />to pay to the bearer hereof the principal amount of <br />ONE THOUSAND DOERS: <br />on the first day of , 19 ,.and to pay <br />interest thereon from the date hereof until the principal is <br />paid, at the rate of per cent ( ) per <br />annum, payable on the f rst day of June, 19 2, and semi- <br />annually thereafter on the first days of December and June <br />in each year, upon presentation and surrender of the annexed <br />coupons as they severally become due. <br />Both principal and interest of this bond are payable in <br />lawful money of the United States of America at the St. Joseph <br />Bank and Trust Company, South Bend, Indiana. <br />This bond is one of an authorized issue of eleven hundred <br />(1100) bonds of The City of South Bend, Indiana, of like date, <br />denomination, tenor and effect, except as to dates of maturity, <br />aggregating One Million, One Hundred Thousand Dollars (,S1,100,000L <br />numbered consecutively from 1 to 1100 inolusive, issued for <br />the purpose of providing funds to be applied on the cost of con- <br />structing sewers, making major street improvements and acquiring <br />rights -of -way for said streets and the Sample Street bridge, and <br />the expenses incidental thereto, pursuant to an ordinance adopted <br />by the Common Council of said City on the 9th day of October, <br />1961, entitled "An Ordinance of the City of South Bend, Indiana, <br />authorizing the issuance and sale of bonds of said City for the <br />purpose of providing funds to be applied on the cost of the con- <br />struction of storm, sanitary and other sewers to Maple Road for <br />the Northwest Industrial Development area, as well as in the <br />-3- <br />
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