Resolution 444 - Laserfiche WebLink

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. . , , '" ~ (Form of Coupon) No. . $ . [Unless the bond described below has been called for earlier redemption] On the 1st day of October (April) , 19 , at the Village of New Brighton, Ramsey County, Minnesota, will pay to bearer at the main office of the sum shown hereon for interest then due on its Sewage Facility Bond of 1967, dated October 1, 1967, No. . (Facsimile) Mayor (Facsimile) Vl.llage Manager (Form of Village Clerk's Certificate) I, the undersigned, Village Clerk of the Village of New Brighton, Minnesota, hereby certify that except for the date line, the above is a full, true and compared copy of the legal opinion of Messrs. Faegre & Benson, of Minneapolis, Minnesota, which was delivered to me upon delivery of the bonds and is now in file in my office. (Facsimile) Village Clerk Village of New Brighton, Minnesota 5. The bonds shall be prepared under the direction of the Village Manager, and when so prepared shall be executed on behalf of the village by the Mayor and the Village Manager and sealed with the village seal and the interest coupons shall be executed and authenti- cated by the printed facsimile signatures of said Mayor and Village Manager. The legal opinion of Messrs. Faegre & Benson, of Mtnneapolis, Minnesota, respecting the validity and enforceability of the bonds shall be printed on the reverse side of each bond and shall be certified by the facsimile signature of the Village Clerk. When the bonds shall have been so prepared and executed, they shall be delivered by the Clerk and Treasurer in exchange for the purchase price and upon receipt of the signed legal opinion of Messrs. Faegre & Benson, and the purchaser shall not be required to see to the proper application of the proceeds. 6. There is hereby created a special fund to be known as the Sewage Facility Bonds Fund, and the principal of and interest on the bonds herein authorized and also the principal of and interest on any similar obligations hereafter issued under Section 444.075 (or successor law) shall be paid from said Sewage Facility Bonds Fundi provided, however that if the principal of or interest upon the bonds shall become due and payable and theE are insufficient moneys in said Fund to pay such principal and interest, the Village Treasurer is authorized and directed to pay such principal or interest from the general fund and thereafter to reimburse the general fund from collections of special assessments and water and sewer charges hereby pledged. There shall be deposited into the Sewage Facility Bonds Fund all collections of the special assessments to be levied for the sanitary sewer interceptor ordered by