Authorizing the Issuance and Sale of Bonds Purpose of Providing Funds to be Applied cost of Construction, Reconstruction and improvement of Streets Approximate Amount $1,000,000.00

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C 7° shall, in the hands of bona fide holders, have all of the qualities of negotiable instruments under the law merchant. Sec. 3. The form and tenor of said bonds, and the interest coupons to be attached thereto, shall be substantially as follows, towit: UNITED STATES OF AMERICA. State of Indiana County of St. Joseph No. $1,000.00 City of South Bend Municipal Bond of 1954 The City of South Bend, in St. Joseph County, Indiana, for value received, hereby acknowledges it- self 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 interest thereon from the date ereof uni tie principal is paid, at the rate of per cent ( ) per annum, payable on the first day of *, an semi - nnually thereafter on the firs days of nd 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 lawful money of the United States of America at the First Bank and Trust Company of South Bend, Indiana, This bond is one of an authorized issue of One thousand (1000) bonds of the City of South Bend, Indiana, of like date, denomination, tenor and effect, except as to dates of maturity, aggregating One Million Dollars ($1,000,000.00), numbered consecutively from 1 to 1000 inclusive, issued for the purpose of providing funds to be applied on the cost of construction, reconstruction and improvement of streets, and expenses incidental thereto, pursuant to an ordinance adopted by the Common Council of said City on the day of , 1954, entitled Or nance of the ity oP out Bend* Indiana, authorizing the issuance and sale of bonds of said City for the purpose of pro- viding funds to be applied on the cost of construction, reconstruction and improvement of streets, and expenses 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 amendatory thereof and supple- ! mental thereto, including Chapter 119 of the Acts of 1937.