Resolution 814 - Laserfiche WebLink

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I . . . , . 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. All bonds of this issue maturing after May 1, 1982, are suBject to redemption at the option of the Village and in inverse numerical order on May 1, 1982 and any interest payment date there- after at par, accrued interest and a premium of 2% of the principal amount of bonds called for prior redemption. 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 $408,000, all of like date and tenor except as to maturity, interest rate, denomination and redemption privilege, issued pursuant to and in full conformity with the Constitution and Laws of the state of Minnesota, including Chapter 429, Minnesota Statutes, for the purpose of defraying the expenses incurred in connection with constructing Village Improvements Nos. 68-3 to 68-7 inclusive, 68-9 to 68-12 inclusive, and 68-14, consisting of acquiring, opening and widening street right-of-way, grading, graveling and surfacing of streets and installation of curb and gutter, sanitary sewer, water main and storm sewers on various streets in the Village and refunding temporary improvement bonds issued in connection with certain of such improvements; and this bond is payable primarily from special assessments to be collected from property specially benefited by such improvements, but constitutes a general obligation of the Village for the prompt and full payment of which the full faith and credit of the village is hereby irrevocably pledged, and the Village will levy ad valorem taxes if required for the payment of principal or interest when due, without limitation as to rate or amount. IT IS HEREBY CERTIFIED AND RECITED That all acts, conditions and things required py 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; and that this bond, together with all other indebted- ness of the Village outstanding on the date hereof and the date of its actual issuance and delivery, does not exceed any constitutional or statutory limitation thereon. IN WITNESS WHEREOF, the Village of New Brighton, Ramsey County, Minnesota, by its Village Council, has caused this bond to be executed by the Mayor and the Village Manager and sealed with the corporate seal of said Village, and the interest coupons hereto attached to be executed and authenticated by the facsimile signatures of said officers, all as of May 1, 1970. Mayor Village Manager CSeal[