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Resolution 445
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Resolution 445
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7/8/2008 7:45:51 AM
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<br /> .. , <br /> - <br /> . <br /> interest coupons hereto attached as they severally become due. Both <br /> principal and interest are payable at the main office of <br /> ....<t. IAtmrfIL .. AID .. .... .. NUL, ..... <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, and for <br /> the prompt and full payment of such principal and interest as the <br /> same become due the full faith, credit and taxing powers of the vil- <br /> lage have been and are hereby irrevocably pledged. <br /> All bonds of this issue maturing in the years 198~ to 1997, <br /> both inclusive, are subject to redemption at the option of the village <br /> and in inverse numerical order on April 1, 1981 and any interest pay- <br /> ment date thereafter at a price of par and accrued interst. Thirty <br /> days' prior notice of redemption 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. <br /> This bond is one of an issue of bonds in the aggregate <br /> principal amount of $500,000, all of like date and tenor except <br /> as to maturity, interest rate and redemption privilege, all issued <br /> by the village for the purpose of providing money for park acquisi- <br /> tion and improvement in the village, and is issued pursuant to <br /> authority conferred by more than the requisite majority vote of <br /> the qualified electors of the village voting on the question of <br /> the issue at an election duly and regularly called and held and <br /> pursuant to and in full conformity with the Constitution and Laws <br /> of the State of Minnesota, including Chapter 475, Minnesota Statutes. <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 to <br /> and in the issuance of this bond have been done, have happened and <br /> have been performed in regular and due form, time and manner as <br /> required by law; that prior to the issuance hereof a direct annual <br /> irrepealable ad valorem tax has been duly levied upon all of the <br /> taxable property in the village in the years and amounts as required <br /> by law and additional taxes may be levied on all of said property <br /> without limitation as to rate or amount; and that this bond together <br /> with all other indebtedness outstanding on the date hereof does not <br /> exceed any constitutional or statutory limitation of indebtedness. <br /> IN WITNESS WHEREOF, the Village of New Brighton, Ramsey <br /> County, Minnesota, by its Village Council, has caused this bond~o <br /> be executed in its behalf by the Mayor and the Village Manager and <br /> sealed with the corporate seal of the Village, and the interest <br /> coupons hereto attached to be executed and authenticated by the <br /> facsimile signatures of said officers, all as of October 1, 1967. <br /> May,or <br /> Village Manager <br /> (Seal) <br />
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