Resolution 557 - Laserfiche WebLink

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i , , ( of the interest coupons hereto attached as they severally become due. Both principal and interest are payable at the main office of in any coin or currency of the united States of America which at the time of payment is legal tender for public and private debts, and for the prompt and full payment of such principal and interest as the same become due the full faith, credit and taxing powers of the Village have been and are hereby irrevocably pledged. All bonds of this issue maturing in the years 1982 to 1988, both inclusive, are subject to redemption at the option of the Village and in the inverse numerical order on June 1, 1981 and any interest payment date thereafter at a price of par and accrued interest. Thirty days' prior notice of redemption will be given by mail to the bank where the bonds are payable and to the last known holder, and published notice of redemption will be given in the manner provided by Minnesota Statutes, Chapter 4750 This bond is one of an issue of general obligation bonds in the aggregate principal amount of $800,000, all of like date and tenor except as to maturity, interest rate and redemption privilege, issued by the Village for the purpose of providing money for sewage disposal facilities pursuant to Section 444.075, Minnesota Statutes, and payable primarily from special assessments to be levied for a local sanitary sewer interceptor improvement included among such facilities and from charges for the use and availability of sewer and water facilities of the Village and for connections therewith, the net revenues from which assessments and charges the Village has pledged to the payment of principal and interest of the bonds, and similar obligations issued or to be issued by the Village, within the meaning of such statuteo IT IS HEREBY CERTIFIED AND RECITED That the Village has covenanted and does hereby covenant to impose and collect charges of the nature authorized by said Section 444.075 at the times and in the amounts required to produce, together with pledged special assessments and taxes, net revenues adequate to pay all such prin- cipal and interest when due; that the Village has by ordinance established rates and charges estimated to be sufficient to produce such net revenues; that all actso conditions and things required by the Constitution and Laws of the State of Minnesota to be done, to happen and to be performed precedent to and in the issuance of this bond have been done, have happened and have been performed in regular and due form, time and manner as required by law; and that this bond, together with all other indebtedness outstanding, does not exceed any constitutional or statutory limitation of indebtednesso IN WITNESS WHEREOF, the Village of New Brighton, Ramsey County, Minnesota by its Village Council, has caused this bond to be executed in its behalf by the Mayor and the Village Manager and sealed with the corporate seal of the Village, and the interest coupons hereto attached to be executed and authenticated by the facsimile signatures of said officers, all as of June 1, 19680 Mayor Village Manager (Seal)