Resolution 445 - Laserfiche WebLink

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: . - ~ The bonds shall be numbered serially from 1 upwards in chronologi- cal order of maturity dates and shall be in the following denomina- tion(s}: Serial Numbers Denomination ,.- ..- 2. The bonds shall be in the aggregate principal amount of $500,000, dated October 1, 1967, bear interest as above set fortn payable October 1, 1968 and semiannually thereafter on April 1 and October 1 in each year, and shall mature serially on April 1 in the years and amounts as follows: $10,000 in 1970 to 1976, $15,000 in 1977 to 1983, $20,000 in 1984 to 1990, $25,000 in 1991 to 1995, and $30,000 in 1996 and 1997, all years inclusive, all bonds maturing in the years 1982 to 1997, both inclusive, being subject to redemption at the option of the Village and in inverse numerical order on April 1, 1981 and any interest payment date thereafter at par and accrued interest. 3. Both principal and interest shall be payable at the main office of and the village shall pay the reasonable charges of said bank for its services as paying agent. 40 The bonds and the interest coupons thereto attach~d and the Clerk's certificate on the reverse side thereof, shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY VILLAGE OF NEW BRIGHTON No. . $5,000 PARK BOND OF 1967 KNOW ALL MEN BY THESE PRESENTS That the Village of New Brighton, Ramsey County, Minnesota, hereby acknowledges itself to be indebted and for value received promises to pay to bearer on the 1st day of April, 19 , the sum of FIVE THOUSAND DOLLARS and to pay interest thereon from the date hereof until the principal amount is paid at the rate of interest to maturity payable October 1, 1968 and semiannually there- after on the 1st day of April and the 1st day of October in each year in accordance with and upon presentation and surrender of the