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<br />The bonds shall be numbered serially from 1 upwards in chrono-
<br />logical order of maturity dates and shall be in the following
<br />denominat ion( s) :
<br />Serial Numbers Denomination
<br />1 through 200 inclusive $5,000.00
<br /> 2. Pursuant to Section 429.091, Subd. 3, Minnesota
<br />Statutes, as amended, the Village shall forthwith issue its
<br />Temporary Improvement Bonds of 1966, in the aggregate principal
<br />amount of $1,000,000, dated June 1, 1966, to bear interest as
<br />above set forth, payable December 1, 1966, June 1, 1967, Decem-
<br />ber 1, 1967 and June 1, 1968, and to mature on June 1,
<br />1968, all bonds being subject to redemption and prior payment at
<br />the option of the Village on June
<br />1, 1967 and December 1, 1967 at par and accrued interest, to pay
<br />the costs of Improvements Nos. 66-1, 66-2, 66-4, 66-6,
<br />~6-r, 66-9, 66-10, 66-11, 66-13, 66-21, 66-23, 66-24,
<br />66.25, 66-26 und 66-27, consisting of ~cquir1ng, openin~
<br />and widening street right of way, grading, graveling an sur-
<br />facing of streets and installation of curb and gutter, sanitary
<br />sewer, water main and storm sewers on various streets in the
<br />Village.
<br /> 3. Both principal and interest shall be payable at
<br />The First National Bank of Saint Paul, St. Paul, Minnesota
<br />and the Village shall pay the reasonable charges of said bank
<br />for its services as paying agent.
<br /> 4. The bonds and the interest coupons to be thereto
<br />attached shall be in substantia'lly the following form:
<br /> UNITED STATES OF AMERICA
<br /> STATE OF MINNESOTA
<br /> COUNTY OF RAMSEY
<br /> VILLAGE OF NEW BRIGHTON
<br />No. . $ 5000
<br /> TEMPORARY IMPROVEMENT BOND OF 1966
<br /> KNOW ALL MEN BY THESE PRESENTS That the Village of New
<br />Brighton, Ramsey County, Minnesota, acknowledges itself to be
<br />indebted and for value received hereby promises to pay to bearer
<br />the sum of Five THOUSAND DOLLARS and to pay interest thereon
<br />from the date hereof until the principal amount is paid at the
<br />rate of four percent C4.00%) per annum and further to ~ay additional
<br />interest at the rate of two percent C2.00%) per annum for the
<br />period October 16, 1966 to December 1, 1966,Crepresented by an extra
<br />coupon in the amount of $12.50)
<br />interest to maturity payable December 1, 1966, June 1, 1967,
<br />December I, 1967 and June I, 1968 in accordance with and upon
<br />presentation and surrender of the interest coupons hereto attached
<br />as they severally become due. Both principal of and interest on
<br />this bond are payable at
<br />The First National Bank of Saint Paul, in St. Paul, Minnesota
<br />
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