Authorizing and Providing for the Issuance of $2,000,000.00 Sewage Works (Revenue) Bonds for the Purpose of Defraying the Cost of Constructing a Sewage Treatment Works

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2. payment date, on and.after November 15, 1945, at par and accrued interests in inverse of numerical order, upon 50 dayst published notice in a newspaper published in the City of New York, ,.New York and South Bend, Indiana. :$aid bonds shall bear interest at the rate of three and one half per cent. (3720 per annum and such interest to maturity of the.respective bonds shill be evidenced by coupons attached - thereto payable on November 15, 1959, and semi- annually thereafter.on, the May 15th and November 15th of each year. Both principal and interest shall be payable at the Chase National Bank of the City of New York, in,the.City of New York, - in lawful money of the United States of America.. Said bonds shall, be signed,by the Mayor'. of said City, and countersigned by the City ,Coatroller, sealed with the, corporate seal of said City and:' attested by the City Clark, and the interest coupons attached to said bonds shall be executed with the facsimile signatures of said Mayor and said City Clerk, 'and said officials by.the execution.of said bonds shall adopt.as -.and for their own proper signatures their respective facsimile.sigaatures on said coupons. All of said bonds, together with the interest thereon, shall be payable out of the "Sewage Works Bond and Interest Redemption Fund" hereinafter created, and the fixed amount of the revenues of the sewerage system of said City pledged thereto. Section 2. That upon presentation at the office of the City Controller of said City of South Bend of any of said bonds, same may be registered as to principal in the name of the.owner.on the books in,his office, such registration to be noted on the reverse side of the bonds by the Controller, and thereafter the principal of such registered bonds shall be payable only.to'the registered holder, his legal representa- tives or assigns. Such registered bonds shall be transferable to another registered holder, or back to,bearer, only upon presentation to the City Controller with a legal assignment duly acknowledged or proved. Registration of any of such bonds shall not affect the negotiability of.the coupons thereto attached but such coupons shall be transferable by delivery merely. Section 3. That said bonds and coupons and - provisions for registration shall be in substantially the following form, to wits (Form.of Bond) UNITED STATES OF AMERICA STATE OF INDIANA COUNTY OF ST. JOSEPH CITY OF SOUTH BEND SEffAGE WORKS (REVENUE) BOND No. $1,000 RNOW ALL MEN BY THESE PRESENTS: That the City of South Bend, in the County of St. Joseph and State of Indiana, for value received hereby promises to Pay to bearer, or if this bond be registered, to the.registered holder hereof, as hereinafter provided, the sum of One Thousand Dollars ($p1,000) on the fifteenth day of November, 19__,, and to pay interest on said sum from the .date hereof until paid at the rate of three and one half per cent per annum, payable November 15, 1959, and semi - annually thereafter on the fifteenth days of May and November, in each year, such interest to the maturity of this bond to be :payable upon presentation. and surrender -of the annexed interest_ coupons as the same severally matured both principal and interest being payable at the Chase National.Bank of the City of New York, in the City of New York, in lawful. money of the United States of America. This bond is one of a series of bonds issued by said City pursuant to an ordinance duly adopted for the purpose of defraying the cost to said City of construct- ing sewer system improvements for said City under and in full compliance e with Section Constitution and statutes of the State of Indiana, including, g , 48 -4301 at seq. of Burns Indiana Statutes, as amended an supplemented.