Resolution 556 - Laserfiche WebLink

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. ~ . , I All bonds of this issue are subject to redemption and prior payment at any time on or after June 1, 1969 at par and accrued interesto Thirty days! prior notice 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 475. Holders desiring to receive such notice must register their names, addresses and bond numbers with the Village Clerk. This bond is one of an issue of bonds in the aggregate principal amount of $750,000, all of like date and tenor all issued pursuant to and in full conformity with the Constitution and Laws of the State of Minnesota, lncluding Chapters 429, Minnesota Statutes, for the purpose of providing temporary funds to defray the expenses incurred and to be incurred in connection with Improvements Nos. 68-3 through 68-12, both inclusive, consisting of acquiring, opening and widening street right of way, grading, graveling and surfacing of streets and installation of curb and gutter, sanitary sewer, water main and storm sewers on various streets in the Village, and is payable from the Temporary Improvement Bonds of 1968 Fund out of the proceeds of definitive improvement bonds which shall be issued and sold at or prior to the maturity of this bond to the extent that the same cannot be paid out of the special assessments for such improvements or taxes theretofore collected or out of any other municipal funds which are properly available and are appropriated for such purpose, and the holders of the bonds of this issue have the right to require the issuance of definitive bonds bearing interest at the rate of 6.00% per annum, maturing and subject to redemption as provided by law, on a par for par basis with such temporary bonds; provided, however, the full faith and credit of the Village have been irrevocably pledged for the payment of principal and interest on this bond and any definitive bond exchanged therefor and the Village will levy a direct ad valorem tax upon all of the taxable property in the Village if necessary to provide for any deficiencyo IT IS HEREBY CERTIFIED AND RECITED That all acts, 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 of the Village outstanding on the date hereof and the date of its actual issuance and delivery, does not exceed any constitutional or statutory limitation thereonn IN WITNESS WHEREOF, the Village of the New Brighton, Ramsey County, Minnesota, by its Village Council, has caused this bond to be executed by the Mayor and the Village Manager and sealed with the corporate seal of said Village and the interest coupons thereto attached to be executed by the signatures of said officers, all as of June 1, 1968. Mayor Village Manager (Seal)