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<br />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(s): <br /> Serial Numbers Denomination <br /> 1.) iac ....t'". .1,000 <br /> ..... iMa..-..w $,J," <br /> 2 . The Village shall forthwith issue its Permanent Improv~ <br />ment Bonds of 1970, in the aggregate principal amount of $408,000, <br />dated May 1, 1970, to bear interest as above set forth, payable <br />November 1, 1970 and semiannually thereafter on May 1 and November 1 <br />in each year, and to mature serially on May 1 in the years and amounts <br />as follows: <br /> $ 8,000 in 1971, <br /> $15,000 in 1972 and 1973, <br /> $25,000 in 1974 and 1975, <br /> $30,000 in 1976 to 1985, and <br /> $20,000 in 1986, all years inclusive, <br />all bonds maturing after May 1, 1982 being subject to redemption at <br />the option of the Village and in inverse numberical order on May 1, <br />1982 and any interest payment date thereafter at par, accrued interest <br />and a premium of 2% of the principal amount of bonds called for prior <br />redemption. <br /> 3. Both principal and interest shall pe pa.able at <br />........ ....._1 "'n~ #lt~'rgt ~.. ..c~t. l'"~l, $~i._. .. <br />and the Village shall pay the reasonable charges of said bank for <br />its services as paying agent. <br /> 4 . The bonds, the interest coupons to be thereto attached <br />and the Clerk's certificate on the reverse side thereof shall be in <br />substantially the following form: <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> VILLAGE OF NEW BRIGHTON <br />No. $1,000 <br /> PERMANENT IMPROVEMENT BOND OF 1970 <br /> KNOW ALL MEN BY THESE PRESENTS That the Village of New <br />Brighton, Ramsey County, Minnesota, acknowledges itself to be <br />indebted and for value received hereby promises to pay to bearer <br />the sum of ONE THOUSAND DOLLARS on the 1st day of May, 19 , and <br />to pay interest thereon from the date hereof until the principal <br />amount is paid at the rate of <br />interest to maturity payable November 1, 1970 and semiannually there- <br />after on the 1st day of May and the 1st day of November in each year <br />in accordance with and upon presentation and surrender of the interest <br />coupons hereto attached as they severally become due. Both principal <br />and interest on this bond are payable at <br />