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Resolution 556
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Resolution 556
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7/8/2008 7:45:52 AM
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<br />, <br /> <br />" . .. <br />, I <br /> <br /> <br /> <br />The bonds shall be numbered serially from 1 upwards in chronological <br />order of maturity dates and shall be in the following denominationCs): <br /> <br />Serial Numbers Denomination <br /> <br />1-150 $5,000.00 <br /> <br /> <br /> <br /> <br />2. Pursuant to Section 4290091, Subdivision 3, Minnesota <br />Statutes, as amended, the village shall forthwith issue its <br />Temporary Improvement Bonds of 1968, in the aggregate principal <br />amount of $750,000, dated June 1, 1968, to bear interest as above <br />set forth, payable December 1, 1968, June 1, 1969, December 1, 1969 <br />and June 1, 1970, and to mature on June 1, 1970, all bonds being <br />subject to redemption and prior payment at the option of the Vil- <br />lageatany time on or after June 1,1969 at par'and accrued interest, <br />to pay the costs of Improvements Nos, 68-3 through 68-12, both <br />inclusive, consisting of acquiring, opening and widening street <br />right of way, grading, graveling and surfacing of streets and <br />installation of curb and gutter, sanitary sewer, water main and <br />storm sewers on various streets in the Village under Chapter 429, <br />Minnesota Statutes. <br /> <br />3. Both principal and interest shall be payable at <br /> <br />NorthHestern National BOl1k of Nin...>189po1is <br /> <br />and the Village shall pay the reasonable charges of said bank for <br />its services as paying agentc <br /> <br />40 The bonds and the interest coupons to be thereto <br />attached shall be in substantially the following form: <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />VILLAGE OF NEW BRIGHTON <br /> <br />No. . $ 5,000.00 <br /> <br />TEMPORARY IMPROVEMENT BOND OF 1968 <br /> <br />KNOW ALL MEN BY THESE PRESENTS That the Village of New <br />Brighton, Ramsey County, Minnesota, acknowledges itself to be <br />indebted and for value received hereby promises to pay to bearer <br />the sum of lI'IVE THOUSAND DOLLARS and to pay interest thereon from <br />the date hereof until the principal amount is paid at the rate of <br /> <br /> <br /> <br /> <br /> <br />interest to maturity payable December 1, 1968, June 1, 1969, <br />December 1, 1969 and June 1, 1970 in accordance with and upon <br />presentation and surrender of the interest coupons hereto attached <br />as they severally become duec Both principal of and interest on <br />this bond are payable at <br /> <br />in any coin or currency of the United States of America which at <br />the time of payment is legal tender for public and private debts, <br />
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