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<br />in any coin or currency of the United States of America which at
<br />the time of payment is legal tender for public and private debts.
<br /> All bonds of this issue are subject to redemption and
<br />prior payment on June 1, 1967 and December 1, 1967 at par and
<br />accrued interest. Thirty days'prior notice will be given by
<br />mail to the bank where the bonds are payable and to the last
<br />known holder. Holders desiring to receive such notice must
<br />register their names, addresses and bond numbers with the
<br />Village Clerk.
<br /> This bond is one of an issue of bond.s in the aggregate
<br />principal amount of $1,000,000, all of like date and tenor
<br />all issued pursuant to and in full conformity with the Constitution
<br />and Laws of the State of Minnesota, including Chapter 429, Minnesota
<br />Statutes, for the purpose of providing temporary funds to defray the
<br />expenses incurred and to be incurred in connection with Improvements
<br />Nos. 66-1, 66-2, 66-4, 66-6, 66~~, 66-9, 66-10, 66-11, 66-13, 66-21,
<br />66-23, 66-24, 66-25, 66-26 and 66-27, consisting of acquiring,
<br />opening and widening street right of way, grading, graveling and
<br />surfacing of streets and installation of curb and gutter, sanitary
<br />sewer, water main and storm sewers on various streets in the Village,
<br />and is payable from the Temporary Im~~ovement Bonds of 1966 Fund
<br />out of the proceeds of definitive improvement bonds which shall be
<br />issued and sold at or prior to the maturity of this bond to the
<br />extent that the same cannot be paid out of the special assessments
<br />for such improvements or taxes theretofore collected or out of
<br />any other municipal funds which are properly available and are
<br />appropriated for such purpose, and the holders of the bonds of
<br />this issue have the right to require the issuance of definitive
<br />bonds bearing interest at the rate of 6.00% per annum, maturing
<br />and subject to redemption as provided by law, on a par for par
<br />basis with such temporary bonds; provided, however, the full faith
<br />and credit of the Village have been irrevocably pledged for the
<br />payment of interest on this bond and any definitive bond exchanged
<br />therefor and the Village will levy a direct ad valorem tax upon
<br />all of the taxable property in the Village if necessary to pro-
<br />vide any deficiency.
<br /> IT IS HEREBY CERTIFIED AND RECITED That all acts, condi-
<br />tions and things required by the Constitution and Laws of the State
<br />of Minnesota to be done, to happen, and to be performed precedent
<br />to and in the issuance of this bond have been done, have happened
<br />and have been performed in regular and due form, time and manner
<br />as required by law; and that this bond, together with all other
<br />indebtedness of the Village outstanding on the date hereof and
<br />the date of its actual issuance and delivery, does not exceed
<br />any constitutional or statutory limitation thereon.
<br /> IN WITNESS WHEREOF, the Village of New Brighton, Ramsey
<br />County, Minnesota, by its Village Council, has caused this bond to
<br />be executed by the Mayor and the Village Manager and sealed with
<br />the corporate seal of said Village and the interest coupons thereto
<br />attached to be executed by the signatures of said officers, all as
<br />of June 1, 1966.
<br /> Mayor
<br />Village Manager
<br />(Seal)
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