Resolution 558 - Laserfiche WebLink

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.( ... , ... , , the amount shown hereon for interest then due on its Improvement Bond of 1968, dated June 1, 1968, No. . (Facsimile) Mayor (Facsimile) village Manager (Form of Clerk's Certificate) I, the duly qualified and acting Village Clerk of the Village of New Brighton, hereby certify that except for the date line the foregoing is a compared, true and complete copy of the legal opinion of Messrs. Faegre & Benson of Minneapolis, Minnesota, which was delivered to me upon delivery of the bonds and is now on file in my office. (Facsimile) Village Clerk Village of New Brighton, Minnesota 5. The Village Manager is directed to cause said bonds to be prepared and the Mayor and Manager are authorized and directed to execute the same and affix the village seal thereto and to cause the interest coupons to be executed and authenticated by the printed facsimile signatures of said officers. A copy of the approving legal opinion of Messrs. Faegre & Benson, Minneapolis, Minnesota, shall be printed on the reverse side of each bond and shall be certified by the facsimile signature of the Village Clerk. Upon receipt of the legal opinion and payment for tpe bonds, the Manager, Treasurer and Clerk shall deliver the bonds to the purchaser and the purchaser shall not be obligated to see to the proper application of the purchase price. 6. There is hereby created a special fund, to be known as Improvement Bonds of 1968 Fund, and the principal and interest on the bonds herein authorized shall be paid from said fundi provided, however, that if the principal or interest upon the said bonds shall become due and payable and there are insufficient moneys to pay principal and interest, the Village Treasurer shall be authorized and directed to pay said principal and interest from the general fund of the Village and thereafter to reimburse said general fund from collections of special assessments for the improvements identi- fied in the form of bond above provided. The proceeds of the bonds herein authorized shall be deposited in the Temporary Improvement Bonds of 1966 Fund to the extent required to pay principal of and interest on the $1,000,000 Temporary Improvement Bonds of 1966, dated June 1, 1966, to the extent that collections of special assessments for Improvements Nos. 66-1, 66-2, 66-4, 66-6, 66-9, 66-10, 66-11, 66-13, 66-21, 66-23, 66-24, 66-25 and 66-27 are insufficient for such purpose. The remaining proceeds of the bonds shall be used to pay the costs of Improvement No. 66-17 and any additional costs of the other improvements identified in the form of bond not met from the Temporary Improvement Bonds of 1966 or collections of special assessments. Any special assessments on account of any said improvements heretofore collected and not