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<br />. . <br />I <br /> <br />- 1 <br />. ' <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />(Form of Coupon) <br /> <br />No. $ <br /> <br />[Unless the bond described below has been called for earlier <br />redemption] <br /> <br />On the 1st day of March (September), 19 ,the Village <br />of New Brighton, Ramsey County, Minnesota, will pay to bearer at <br />American National Bank and Trust Company of St. Paul <br />the amount shown hereon for interest then due on its Improvement <br />Bond of 1969, dated September 1, 1969, No. . <br /> <br /> <br />(Facsimile) <br />Mayor <br /> <br />(facsimile) <br />Village Manager <br /> <br /> <br />(Form of Clerk's Certificate) <br /> <br />I, the duly qualified and acting Village Clerk of the <br />Village of New Brighton, hereby certify that except for the date <br />line the foregoing is a compared, true and complete copy of the <br />legal opinion of Messrs. Faegre & Benson, of Minneapolis, Minnesota, <br />which was delivered to me upon delivery of the bonds and is now on <br />file in my office. <br /> <br /> <br />(Facsimile) <br />Village Clerk <br />Village of New Brighton, Minnesota <br /> <br /> <br />5. The Village Manager is directed to cause said bonds <br />to be prepared and the Mayor and Manager are authorized and directed <br />to execute the same and affix the village seal thereto and to cause <br />the interest coupons to be executed and authenticated by the printed <br />facsimile signatures of said officers. A copy of the approving legal <br />opinion of Messrs. Faegre & Benson, Minneapolis, Minnesota, shall be <br />printed on the reverse side of each bond and shall be certified by <br />the facsimile signature of the Village Clerk. Upon receipt of the <br />legal opinion and payment for the bonds, the Manager, Treasurer and <br />Clerk shall deliver the bonds to the purchaser and the purchaser <br />shall not be obligated to see to the proper application of the <br />purchase price. <br /> <br />6. There is hereby created a special fund, to be known <br />as Improvement Bonds of 1969 Fund, and the principal and interest on <br />the bonds herein authorized shall be paid from said fundi provided, <br />however, that if the principal or interest upon the said bonds shall <br />become due and payable and there are insufficient moneys to pay <br />principal and interest, the Village Treasurer shall be authorized <br />and directed to pay said principal and interest from the general fund <br />of the Village and thereafter to reimburse said general fund from <br />collections of special assessments for the improvements identified <br />in the form of bond above provided. The proceeds of the bonds herein <br />authorized shall be deposited in the Temporary Improvement Bonds of <br />1969 Fund to the extent required to pay principal of and interest on <br />