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Resolution 693
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Resolution 693
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7/8/2008 7:45:53 AM
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6/24/2008 2:05:03 PM
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<br />. ' <br />'II T , ..., <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 denomination(sJ: <br /> <br />Serial Numbers Denomination <br /> <br /> <br />1 - 4 inclusive $1,OOO.OO <br />5 - 146 inclusive $5,000.00 <br /> <br /> <br /> <br />2. The bonds shall be in tpe aggregate principal amount <br />of $714,000, dated May 1, 1969, bear interest as above set forth <br />payable February 1, 1970 and semiannually thereafter on February 1 <br />and August 1 in each year, and shall mature serially on February 1 <br />in the years and amounts as follows: <br /> <br />$14,000 in 1971, $30,000 in 1989 to 1991, <br />$lOrOOO in 1972 to 1975, $35,000 in 1992 to 1993, <br />$15,000 in 1976 to 1981, $40,000 in 1994 to 1996, <br />$20,000 in 1982 to 1986, $45,000 in 1997 to 1998, and <br />$25,000 in 1987 to 1988, $50,000 in 1999, all years inclusive, <br /> <br />all bonds maturing in the years 1985 to 1999, both inclusive, being <br />subject to redemption at the option of the Village and in inverse <br />numerical order on, February 1, 1984 and any interest payment date <br />thereafter at par and accrued interest. <br /> <br />3. Both principal and interest shall be payable at the <br />main office of The First National Bank of Saint Paul <br /> <br />and the Village shall pay the reasonable charges of said bank for <br />its services as paying agent. <br /> <br />4. The bonds and the interest coupons thereto attached, <br />and the Clerk's certificate on the reverse side thereof, shall be <br />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 <br /> <br />PARK BOND OF 1969 <br /> <br />KNOW AL~ MEN BY THESE PRESENTS That the Village of New <br />Brighton, Ramsey County, Minnesota, hereby acknowledges itself to <br />be indebted and for value received promises to pay to bearer on <br />the 1st day of February, 19 , the sum of FIVE THOUSAND DOLLARS <br />and to pay interest thereon from the date hereof until the principal <br />amouht is paid at the rate of <br /> <br />interest to maturity payable February 1, 1970 and semiannually there- <br />after on the 1st day of February and the 1st day of August in each <br />year in accordance with and upon presentation and surrender of the <br />
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