Authorizing City of South Bend to Borrow $400,000.00 and to Issue ans Sell Bonds fro Purpose of Providing Funds for Payment of City's Part of Expense of Track Elevation

Home Browse Search

July 21 1933, and semi - annually of each year thereafter on the day of January and July until the bonds of this series are fully paid. ON 7. Each of said bonds shall substantially contain SECTI wit: the following provisions and be in the following form, to - UNITED STATES OF AMERICA STATE OF INDIANA CITY OF SOUTH BEND Series No. §500.00 KNOW 4T,L YEN BY THESE PRESENTS: That the City of South is na State of Bend in the County of St- Joseph o the bearer, five i hundred in- debted to and promises to pay ($500.00) dollars in lawful money of the htinter a states ofthe America, on the day of rate of o per annum, the irst insta193e, and the cremain- be payab e on the day of ' resentation and ing interest semi - annually the rea er upon p delivery of proper coupons hereto attached. Both principal le at the Citizens National and interest-\of this bond are payab Bank of South Bend, Indiana. This bond is one of 200 bonds of series of like date, tenor and effect (except as to the maturity t ereof) of authority bond issue authorized City Of and by en- of le Act of the roved on titled "An Act Concerning Municipal Corporations" approved the 6th day of P:garch, 1905and and tor thereof legally and supplemental thereto, adopted by the Common Council oo32 the City of South Bend, Indiana, on the day of Februarys l And it is hereby certified, recited and declared that all acts, conditions, and things required to be done precedent to and in the issuing of said bonds have happened and have been properly done and performed in regular and due form, as required by law, and that the indebtedness which is in- curred by issuing this series of bonds is a constitutional, subsisting and legal obligation of said Ci6y of South Bend, and that the total indebtedness of said City, including this issue, does not exceed paymeentsoftprincipalranda nterestioftthis bond,. To the prompt pad bond, the full faith and credit of the City of South Bend, to- gether with the real and personal property of said City, M hereby pledged and firmly bound. IN WITNESS `;dHEREOP, the said City of South Bend, by its �t Common Council has caused this bond to be signed by its ayor, countersigned by its City Controller and attested by its City Clerk with the seal of said City affixed on the _day of A.D. 193 . MAYOR OF THE CITY OF SOUTH BEND ONTR LLER OF TEE CI OF S UTH BEND ATTEST: CITY CLERK