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Issue Revenue Bonds for Waterwork Improvements
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Issue Revenue Bonds for Waterwork Improvements
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4/2/2015 12:16:42 PM
Creation date
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
12/13/1948
Ord-Res Number
3679-48
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The interest coupons attached to said bonds shall be executed by plac- <br />ing thereon the facsimile signature of the City Controller, and said <br />official, by the signing of said bonds, shall adopt as and for his proper <br />signature his facsimile signature appearing on said coupons. In case <br />any officer whose signature appears on the bonds and coupons shall cease <br />to be such officer before the delivery of such bonds, his signature <br />shall nevertheless be valid and sufficient for all purposes the same <br />as if such officer had remained in office until such delivery. <br />Said bonds shall be negotiable by delivery unless registered. <br />Upon presentation of the bonds at the office of the City Clerk in the <br />City of South Bend, said City Clerk shall register said bonds without <br />charge or expense to the holder, as to the prinipal thereof. Such registry <br />shall be noted on the bond, after which no transfer thereof will be valid <br />unless made by the registered owner in person or by his attorney duly au- <br />thorized and similarly noted on the bond, but said bond may be discharged <br />from registry by being in like manner retransferred to bearer, after which <br />it shall be transferable by delivery but may be again registered as before. <br />The registration of any bond shall not affect the negotiability of the in- <br />terest coupons attached thereto, but such coupons shall continue to pass <br />by delivery only and shall remain payable to bearer. <br />Sec. 6. The form and tenor of said bonds and the interest cou- <br />pons to be attached thereto, together with the form of registry endorse- <br />ment thereon, shall be substantially as follows, to -wit: <br />No. <br />UNITED STATES OF AMERICA <br />State of Indiana County of St. Joseph <br />CITY OF SOUTH BEND <br />WATERWORKS REVENUE BOND OF 1940 <br />$1,000.00 <br />The City of South Bend, in St. Joseph County, State of <br />Indiana, for value received, hereby promises to pay to bearer <br />- 7 - <br />
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