Authorizing Issuance and Sale of Bonds the Cost of Construction , Reconstruction and Improvement of Streets $1,000,000.00

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on June 1 and December 1 of each calendar year, and shall be evidenced by coupons attached to said bonds. Said bonds and interest coupons shall he payable at the St. Joseph Bank and Trust Company of South Bend, Indiana, in lawful money of the United States of America. The bonds shall mature serially in the amounts and on the dates as follows: $ 50, 000.00 June 1, 1961 $ 50, 000.00 December 1, 1961 $ 50,000.00 June 1, 1962 $ 50, 000.00 December 1, 1962 $ 50, 000. 00 June 1, 1963 $ 50, 000.00 December 1, 1963 $2250000.00 June 1, 1964 $225,000.00 December 1, 1964 $125,000.00 June 1, 1965 $125,000.00 December 1, 1965 Said bonds shall be signed in the name of the City of South Bend by the Mayor of said City, countersigned by the City Controller, and attested by the City Clerk who shall affix the seal of said city to each of said bonds. The interest coupons attached to said bonds shall be executed by placing thereon the facsimile signatures of the Mayor and City Controller, and said officials, by the signing of said bonds, shall adopt as and for their proper signatures their facsimile signatures appearing on said coupons. Said bonds shall, in the hands of bona fide holders, have all of the qualities of negotiable instruments under the law merchant." Section 2. That Section 3 of the above entitled ordinance be amended to read as follows: "Section 3. The form and tenor of said bonds, and the interest coupons to be attached thereto, shall be substantially as follows, to -wit: