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<br /> , 1 The bonds shall be numbered serially from 1 upwards in chronologi-
<br /> cal order of maturity dates and shall be in the following denomina-
<br /> tion(s) :
<br /> Serial Numbers Denomination
<br /> 1 - 1.30 $5,000
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<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 1967, in the aggregate principal
<br /> amount of $650,000, dated October 1, 1967, to bear interest as
<br /> above set forth, payable April ~ 1968, October 1, 1968, April 1,
<br /> 1969 and October 1, 1969, and to mature on October 1, .1969, all
<br /> bonds'being subject to redemption and prior payment at the option
<br /> of the Villag.e at any time on or after April 1, 1968 at par and
<br /> accrued interest, to pay the costs of Improvements Nos. 67-1,
<br /> 67-2, 67-3, 67-4, 67-5, 67-6A, 67-7, 67-9, 67-12, 67-13, 67-14
<br /> and 67-15, consisting of acquiring, opening and widening street
<br /> right of way, grading, graveling and surfacing of streets and
<br /> installation of curb and gutter, sanitary sewer, water main and
<br /> storm sewers on various streets in the Village under Chapter 429,
<br /> Minnesota ~ms, and the Village's share of the cost of a storm
<br /> sewer outlet being provided by the County under Chapter 106,
<br /> Minnesota Statutes.
<br /> 3. Both principal and interest shall be payable at
<br /> NORTHWESTERN NATIONAL BANK OF MINNF...APOLIS, 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 substantially the following form:
<br /> UNITED STATES OF AMERICA
<br /> STATE OF MINNESOTA
<br /> COUNTY OF RAMSEY
<br /> VILLAGE OF NEW BRIGHTON
<br /> No. . $5,000
<br /> TEMPORARY IMPROVEMENT BOND OF 1967
<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 from
<br /> the date hereof until the principal amount is paid at the rate of
<br /> four per cent (4/00%) per annum, and further to pay additional interest represented
<br /> by an extra coupon at the rate of two per cent (2.00%) per annum from November
<br /> 8, 1967 to April 1, 1968.
<br /> interest to maturity payable April 1, 1968, October 1, 1968, April 1,
<br /> 1969 and October 1, 1969 in accordance with and upon presentation and
<br /> surrender of the interest coupons hereto attached as they severally
<br /> become due. Both principal on and interest on this bond are payable
<br /> at
<br /> the main office of the
<br /> NORTHWESTEFU~ NATIONAL BA~K OF ~UNI~OLIS,
<br /> MINNEAPOLIS, MIiJ]\f'[GSOTA
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