Issue Revenue Bonds for Waterwork Improvements

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