Resolution 065-55 - Laserfiche WebLink

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~- . .r . . f , , The bonds shall be numbered serially from 1 upwards in chrono- logical order of maturity dates and shall be in the following denomination(s): Serial Numbers Denomination 1 to 875 $1,,000 2. The village shall forthwith issue its Improvement Bonds of 1965, in the aggregate principal amount of $875,000, dated July 1, 1965, to bear interest as above set forth, payable July 1, 1966 and semiannually thereafter on January 1 and July 1 in each year, and to mature serially on January 1 in the years and amounts as follows: ~;40,000 in 1968, ~;55, 000 in each of the years 1969 to 1972, ~;60, 000 in each of the years 1973 to 1979, ~;65, 000 in each of the years 1980 to 1982, all years inclusive, all bonds maturing in the years 1980 to 1982, both inclusive, being subject to redemption and prior payment at the option of the Village and in inverse numerical order on January 1, 1979 and any interest payment date thereafter at par and accrued interest. 3. Both principal and interest shall be payable at The First National Bank of Saint Paul, in St. Paul, Minnesota and the Village shall pay the reasonable charges of said bank for its services as paying agent. 4. The bonds, the interest coupons to be thereto attached and the Clerk's certificate on the reverse side thereof shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY VILLAGE OF NEW BRIGHTON No. . $1,000 IMPROVEMENT BOND OF 1965 KNOW ALL MEN BY THESE PRESENTS That the Village of New Brighton, Ramsey County, Minnesota, acknowledges itself to be indebted and for value received hereby promises to pay to bearer the sum of ONE THOUSAND DOLLARS on the 1st day of January, 19 , and to pay interest thereon from the date hereof until the principal amount is paid at the rate of interest to maturity payable July 1, 1966 and semiannually there- after on the 1st day of January and the 1st day of July in each