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The principal of and premium, if any, on this bond are payable at the principal office of
<br />(the "Registrar" or "Paying Agent "), in ,
<br />Indiana. All payments of interest on this bond shall be paid by check mailed one business day
<br />prior to the interest payment date to the Registered Owner as of the Record Date at the address as
<br />it appears on the registration books kept by the Registrar or at such other address as is provided
<br />to the Paying Agent in writing by the Registered Owner. Each Registered Owner of $1,000,000
<br />or more in principal amount of bonds shall be entitled to receive interest payments by wire
<br />transfer by providing written wire instructions to the Paying Agent before the Record Date for
<br />any payment. All payments of principal of and premium, if any, on this bond shall be made upon
<br />surrender thereof at the principal office of the Paying Agent in any U. S. coin or currency which
<br />on the date of such payment shall be legal tender for the payment of public and private debts, or
<br />in the case of a Registered Owner of $1,000,000 or more in principal amount of Bonds, by wire
<br />transfer on the due date upon written direction of such owner provided at least fifteen (15) days
<br />prior to the maturity date or redemption date.
<br />This Bond is one of an authorized issue of bonds of the City of like original date, tenor
<br />and effect, except as to denomination, numbering, interest rates, redemption terms and dates of
<br />maturity, in the total amount of Five Million Six Hundred Eighty Thousand Dollars
<br />($5,680,000), numbered consecutively from R -1 upward, issued for the purpose of providing
<br />funds for various capital improvements and expansions at the City's parks and park facilities, to
<br />fund a reserve fund, if necessary, and for the purpose of paying incidental expenses to be
<br />incurred in connection therewith and on account of the sale and issuance of bonds therefor, as
<br />authorized by Ordinance No. (the "Ordinance ") adopted by the Common Council of the
<br />City of South Bend, Indiana (the "Council ") on the day of , 2015, entitled
<br />"An Ordinance of the Common Council of the City of South Bend, Indiana Authorizing the
<br />issuance of Bonds by the City of South Bend, Indiana Titled Economic Development Income
<br />Tax Bonds of 2015; and Other Matters Connected Therewith, Including the Payment of
<br />Incidental Expenses on Account of the Issuance of the Bonds; and Repealing Ordinances
<br />Inconsistent Herewith ", and in accordance with the provisions of Indiana law, including without
<br />limitation Indiana Code 6 -3.5 -7 and other applicable laws, as amended (collectively, the "Act "),
<br />all as more particularly described in the Ordinance. The owner of this bond, by the acceptance
<br />hereof, agrees to all the terms and provisions contained in the Ordinance and the Act.
<br />Pursuant to the provisions of the Act and said Ordinance, the principal of and interest on
<br />this bond and all other bonds of said issue are payable from economic development income tax
<br />revenues ( "EDIT Revenues "), and to the extent it is insufficient, any other sources of funds
<br />legally available to the Council for such purpose.
<br />THIS BOND DOES NOT CONSTITUTE A GENERAL OBLIGATION OR INDEBTEDNESS
<br />OF THE CITY OF SOUTH BEND, INDIANA. NEITHER THE FULL FAITH AND CREDIT
<br />NOR THE TAXING POWER OF THE CITY OF SOUTH BEND, INDIANA IS PLEDGED TO
<br />PAY THE INTEREST OR PREMIUM ON OR THE PRINCIPAL OF THIS BOND.
<br />The bonds of this issue maturing after are redeemable at the option of
<br />the City on thirty (3 0) days' notice, in whole or in part, in any order of maturities selected by the
<br />City and by lot within a maturity, at 100% of face value, plus accrued interest to the date fixed
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