Resolution 693 - Laserfiche WebLink

Home Browse Search

. , > , . l interest coupons hereto attached as they severally become due. Both principal and interest are payable at the main office of The First National Bank of Saint Paul in any coin or currency of the united States of America which at the time of payment is legal tender for public and private debts, and for the prompt and full payment of such principal and interest as the same become due the full faith, credit and taxing powers of the village have been and are hereby irrevocably pledged. All bonds of this issue maturing in the years 1985 to 1999, both inclusive, are subject to redemption at the option of the village and in inverse numerical order on February 1, 1984 and any interest payment date thereafter at a price of par and accrued interest. Thirty days' prior notice of redemption 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. This bond is one of an issue of bonds in the aggregate principal amount of $714,000, all of like date and tenor except as to maturity, interest rate, denomination and redemption privilege, issued by the Village for the purpose of providing money for park acquisition and improvement in the Village, and is issued pursuant to authority conferred by more than the requisite majority vote of the qualified electors of the village voting on the question of the issue at an election duly and regularly called and held and pursuant to and in full conformity with the Constitution and Laws of the State of Minnesota, including Chapter 475, Minnesota Statutes. 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; that prior to the issuance hereof a direct annual irrepealable ad valorem tax has been duly levied upon all of the taxable property in the village in the years and amounts as required by law and additional taxes may be levied on all of said property without limitation as to rate or amount; and that this bond together with all other indebtedness outstanding on the date hereof does not exceed any constitutional or statutory limitation of indebtedness. IN WITNESS WHEREOF, the Village of New Brighton, Ramsey County, Minnesota, by its Village Council, has caused this bond to be executed in its behalf by the Mayor and Village Manager and sealed with the corporate seal of the Village, and the interest coupons hereto attached to be executed and authenticated by the facsimile signatures of said officers, all as of May 1, 1969. :LLJ ilafcf {J~ Mayor ~ (Seal)