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<br /> -. <br /> . <br /> , f ~ <br /> in any coin or currency of the united States of America which at the <br /> time of payment is legal tender for public and private debts. <br /> All bonds of this issue are subject to redemption and prior <br /> payment at any time on or after April 1, 1969 at par and accrued in- <br /> terest. Thirty days' prior notice will be given by mail to the bank <br /> where the bonds are payable and to the last known holder and published <br /> notice of redemption will be given in the manner provided by Minnesota <br /> Statutes, Chapter 475. Holders desiring to receive such notice must <br /> register their names, addresses and bond numbers with the Village <br /> Clerk. <br /> This bond is one of an issue of bonds in the aggregate <br /> principal amount of $650,000, 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 Chapte:rs 429 and 106, <br /> Minnesota Statutes, for the purpose of providing temporary funds to <br /> defray the expenses incurred and to be incurred in connection with <br /> Improvements Nos. 67-1, 67-2, 67-3, 67-4, 67-5, 67-6A, 67-7, 67-9, <br /> 67-12, 67-13, 67-14 and 67-15, consisting of acquiring, opening <br /> and widening street right of way, grading, graveling and surfacing <br /> of streets and installation of curb and gutter, sanitary sewer, <br /> water main and storm sewers on various streets in the Village, and <br /> the Villages share of the cost of a storm sewer outlet being pro- <br /> vided by the County, and is payable from the Temporary Improvement <br /> Bonds of 1967 Fund out of the proceeds of definitive improvement <br /> bonds which shall be issued and sold at or prior to the maturity <br /> of this bond to the extent that the same cannot be paid out cf the <br /> special assessments for such improvements or taxes theretofore <br /> collected or out of any other municipal funds which are properly <br /> available and are appropriated for such purpose, and the holders <br /> of the bonds of this issue have the right to require the issuance <br /> of definitive bonds bearing interest at the rate of 6.00% per annum, <br /> maturing and subject to redemption as provided by law, on a par for <br /> par basis with such temporary bonds; provided, however, the full <br /> faith and credit of the Village have been irrevocably pledged for <br /> the payment of interest on this bond and any definitive bond ex- <br /> changed therefor and the Village will levy a direct ad valorem <br /> tax upon all of the taxable property in the Village if necessary <br /> to provide 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 October 1, 1967. <br /> Mayor <br /> Village Manager <br /> (Seal) <br />