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EDC Packet 2.6.25
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EDC Packet 2.6.25
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2/4/2025 4:08:24 PM
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Dept of Community Investment
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<br />14 <br />The holder of this Bond shall have no right to enforce the provisions of the Indenture or to institute action to <br />enforce the covenants therein, or to take any action with respect to any event of default under the Indenture, or to <br />institute, appear in or defend any suit or other proceedings with respect thereto, except as provided in the Indenture. <br />In certain events, on the conditions, in the manner and with the effect set forth in the Indenture, the principal of all of <br />the Bonds issued under the Indenture and then outstanding may become or may be declared due and payable before <br />the stated maturity thereof, together with interest accrued thereon. Modifications or alterations of the Indenture, or of <br />any supplements thereto, may be made to the extent and in the circumstances permitted by the Indenture. The Issuer’s <br />or the Redevelopment Commission’s obligation to pay TIF Revenues shall not be subject to acceleration. <br />It is hereby certified that all conditions, acts and things required to exist, happen and be performed under the <br />laws of the State of Indiana and under the Indenture precedent to and in the issuance of this Bond exist, have happened <br />and have been performed, and that the issuance, authentication and delivery of this Bond have been duly authorized <br />by the Issuer. <br />This Bond shall not be valid or become obligatory for any purpose or be entitled to any security or benefit <br />under the Indenture until the certificate of authentication hereon shall have been duly executed by the Trustee. <br />IN WITNESS WHEREOF, the City of South Bend, Indiana, has caused this Bond to be executed in its name <br />and on its behalf by the manual or facsimile signature of the Mayor and its corporate seal to be hereunto affixed <br />manually or by facsimile and attested to by the manual or facsimile signature of its Clerk. <br /> CITY OF SOUTH BEND, INDIANA <br /> <br /> <br />By: <br /> Mayor <br /> <br />(Seal) <br /> <br /> <br />Attest: <br /> <br /> <br /> <br />Clerk <br /> <br /> <br /> <br />(FORM OF TRUSTEE'S CERTIFICATE OF AUTHENTICATION) <br /> <br />This Bond is one of the Bonds described in the within mentioned Trust Indenture. <br />____________________________, as trustee <br /> <br /> By <br /> Authorized Officer <br /> <br /> <br /> <br />ASSIGNMENT <br /> <br />FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto <br /> (Please Print or Typewrite Name and Address) the within Bond and all rights, title and <br />interest thereon, and hereby irrevocably constitutes and appoints attorney to <br />transfer the within Bond on the books kept for registration thereof, with full power of substitution in the premises. <br /> <br />Dated: <br /> <br />SIGNATURE GUARANTEED: <br />
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