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more in principal amount of bonds shall be entitled to receive interest payments by wire transfer
<br /> by providing written wire instructions to the Paying Agent before the Record Date for any
<br /> 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$1,000,000 or more in principal amount of the Bonds (as
<br /> hereinafter defined), by wire transfer on the due date upon written direction of such owner
<br /> provided at least fifteen(15) days prior to the maturity date or redemption date.
<br /> THIS BOND SHALL NOT CONSTITUTE AN INDEBTEDNESS OF THE CITY
<br /> WITHIN THE MEANING OF THE PROVISIONS AND LIMITATIONS OF THE
<br /> CONSTITUTION OF THE STATE OF INDIANA, AND THE CITY SHALL NOT BE
<br /> OBLIGATED TO PAY THIS BOND OR THE INTEREST THEREON EXCEPT FROM THE
<br /> SPECIAL FUND, ENTITLED "SEWAGE WORKS SINKING FUND" AS DESCRIBED
<br /> HEREIN, PROVIDED FROM THE NET REVENUES OF THE CITY'S SEWAGE WORKS
<br /> UTILITY.
<br /> It is hereby certified and recited that all acts, conditions and things required to be done
<br /> precedent to and in the execution, issuance and delivery of this bond have been done and
<br /> performed in regular and due form as provided by law.
<br /> This bond shall not be valid or become obligatory for any purpose until the certificate of
<br /> authentication hereon shall have been executed by an authorized representative of the Registrar.
<br /> This bond is one of an authorized issue of bonds of the City of South Bend, Indiana, of
<br /> like date, tenor and effect, except as to denomination, numbering, rates of interest, redemption
<br /> terms and dates of maturity, aggregating
<br /> Dollars ($ ), numbered consecutively from 1 upward (the "Bonds"), issued for the
<br /> purpose of providing funds to be applied to the cost of refunding the outstanding (i) City of
<br /> South Bend, Indiana Sewage Works Revenue Bonds of 2006 (ii) City of South Bend, Indiana
<br /> Sewage Works Revenue Bonds of 2007, and (iii) City of South Bend, Indiana Sewage Works
<br /> Revenue Bonds of 2007B (collectively, the "Refunding"), to refund interim notes issued in
<br /> anticipation of the Bonds, if any, and to pay incidental expenses and costs of issuance of the
<br /> Bonds. This bond is issued pursuant to an ordinance adopted by the Common Council of said
<br /> City on the day of , 2015, entitled "An Ordinance of the Common Council of the
<br /> City of South Bend, Indiana, Concerning the Refunding of Outstanding Sewage Works Revenue
<br /> Bonds of 2006, Sewage Works Revenue Bonds of 2007, and Sewage Works Revenue Bonds of
<br /> 2007B, Each Issued to Finance Construction of Improvements to the Municipal Sewage Works
<br /> of the City of South Bend, Indiana; Authorizing the Issuance of Revenue Bonds for such Purpose
<br /> in the Principal Amount not to exceed Twenty-Eight Million Dollars ($28,000,000);
<br /> Appropriating Moneys from the Reserve Account for Such Bonds (#653); Addressing Other
<br /> Matters Connected Therewith; and Repealing Ordinances Inconsistent Herewith" (the
<br /> "Ordinance"), and in accordance with the provisions of Indiana law, including without limitation
<br /> Indiana Code 36-9-23, and other applicable laws, as amended (the "Act"), all as more
<br /> particularly described in the Ordinance. The owner of this bond, by the acceptance hereof,
<br /> agrees to all the terms and provisions contained in the Ordinance and the Act.
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