Resolution 709 - Laserfiche WebLink

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, I .. f ~ . The bonds shall be numbered serially from 1 upwards in chronological order of maturity dates and shall be in the following denomination(s): Serial Numbers Denomination 1 - 3 inclusive $1,000 4"-18' ~ $5,000 2. The Village shall forthwith issue its Improvement Bonds of 1969, in the a~gregate principal amount of $918,000, dated September 1, 1969, to bear interest as above set forth, payable March 1, 1970 and semiannually thereafter on March 1 and September 1 in each year, and to mature serially on March 1 in the years and amounts as follows: $18,000 in 1970, 90,000 in 1971 to 1973, 60,000 in 1974 to 1975, 50,000 in 1976 to 1983, 35,000 in 1984 to 1985, 40,000 in 1986, all years inclusive, all bonds maturing after March 1, 1981 being subject to redemption at the option of the Village and in inverse numerical order on March 1, 1981 and any interest payment date thereafter at par, accrued interest and a premium of 2% of the principal amount of bonds called for prior redemption. 3. Both principal and interest shall be payable at American National Bank and Trust Company of St. Paul and the Village shall pay the reasonable charges of said bank for its services as paying agent. 4 . The bonds, the interest coupons to be thereto attached and the Clerk's certificate on the reverse side thereof shall be in substantially the following form: UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY VILLAGE OF NEW BRIGHTON No. $1,000 IMPROVEMENT BOND OF 1969 KNOW ALL MEN BY THESE PRESENTS That the Village of New Brighton, Ramsey County, Minnesota, acknowledges itself to be indebted and for value received hereby promises to pay to bearer the sum of ONE THOUSAND DOLLARS on the 1st day of March, 19 , and to pay interest thereon from the date hereof until the principal amount is paid at the rate of interest to maturity payable March 1, 1970 and semiannually there- after on the 1st day of March and the 1st day of September in each year in accordance with and upon presentation and surrender of the interest coupons hereto attached as they severally become due.