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<br />Both principal of and interest on this bond are payable at
<br />American National Bank and Trust Company of St. Paul
<br />in any coin or currency of the united states of America which
<br />at the time of payment is legal tender for public and private
<br />deb ts .
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<br />All bonds of this issue maturing after March 1, 1981,
<br />are subject to redemption at the option of the Village and in
<br />the inverse numerical order on March 1, 1981 and any interest
<br />payment date thereafter at par, accrued interest and a premium
<br />of 2% of the principal amount of bonds called for prior redemption.
<br />Thirty days' prior notice of redemption will be given by mail to
<br />the bank where the bonds are payable and to the last known holder,
<br />and published notice of redemption will be given in the manner
<br />provided by Minnesota statutes, Chapter 475.
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<br />This bond is one of an issue of bonds in the aggregate
<br />principal amount of $918,000, all of like date and tenor except as
<br />to maturity, interest rate, denomination and redemption privilege,
<br />issued pursuant to and in full conformity with the Constitution and
<br />Laws of the State of Minnesota, including Chapter 429, Minnesota
<br />Statutes, for the purpose of defraying the expenses incurred in
<br />connection with Village Improvements Nos. 67-1, 67-2, 67-3, 67-4,
<br />67-5, 67-6A, 67-7, 67-9, 67-12, 67-13, 67-14, 67-15 and 69-25,
<br />consisting of acquiring, opening and widening street right-of-way,
<br />grading, graveling and surfacing of streets and installation of
<br />curb and gutter, sanitary sewer, water main and storm sewers on
<br />various streets in the Village and refunding temporary improvement
<br />bonds issued in connection with such improvements; and this bond is
<br />payable primarily from special assessments to be collected from
<br />property specially benefited by such improvements but constitutes
<br />a general obligation of the Village for the prompt and full payment
<br />of which the full faith and credit of the Village is hereby irrevocably
<br />pledged, and the Village will levy ad valorem taxes if required for
<br />the payment of principal or interest when due, without limitation as
<br />to rate or amount.
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<br />IT IS HEREBY CERTIFIED AND RECITED That all acts, conditions
<br />and things required by the Constitution and Laws of the State of
<br />Minnesot:a to be done, to happen, and to be performed precedent to
<br />and in the issuance of this bond have been done, have happened and
<br />have been performed in regular and due form, time and manner as
<br />required by law; and that this bond, together with all other
<br />indebtedness of the Village outstanding on the date hereof and
<br />the date of its actual issuance and delivery, does not exceed any
<br />constitutional or statutory limitation thereon.
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<br />IN WITNESS WHEREOF, the Village of New Brighton, Ramsey
<br />County, Minnesota, by its Village Council, has caused this bond to
<br />be executed by the Mayor and the Village Manager and sealed wi th
<br />the corporate seal of said Villag~ and the interest coupons hereto
<br />attached to be executed and authenticated by the facsimile signatures
<br />of said officers, all as of September 1, 1969.
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<br />Mayor
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<br />Village Manager
<br />(Seal)
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