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<br />.. <br />t . , . <br />. <br /> 2. Pursuant to Section 429.091, Subdivision 3, Minnesota <br />Statutes, as amended, the village shall forthwith issue its Temporary <br />Improvement Bonds of 1970, in the aggregate principal amount of $620,000, <br />dated May 1, 1970, to bear interest as above set forth, payable November <br />1, 1970 and semiannually thereafter on May 1 and November 1 until maturity, <br />and to mature on May 1, 1973, all bonds being subject to redemption and <br />prior payment at the option of the Village at any time on or after <br />November 1, 1972 at par and accrued interest, to pay the costs of <br />Improvements Nos. 70-2, 70-3, 70-4, 70-6, 70-8, 70-10, 70-11, 70-13 <br />and 70-14, consisting of acquiring, opening and widening street <br />right-of-way, grading, graveling and surfacing of streets and <br />installation of curb and gutter, sanitary sewer, water main and storm <br />sewers on various streets in the Village under Chapter 429, Minnesota <br />Statutes. <br /> 3. Both principal and interest shall be payable at <br />~t~"","tl_~ ~'Rk .nd Tr.8t C~. ~ .:.t- i'aul ~ <br />an e ~'age s a pay the reasonab e c arges ~ ' 'sal~ bank for <br />its services as paying agent. <br /> 4. The bonds and the interest coupons to be thereto attached <br />shall be in substantially the following form: <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> VILLAGE OF NEW BRIGHTON <br />No. $ <br /> TEMPORARY 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 indebted <br />and for value received hereby promises to pay to bearer on the 1st day <br />of May, 1973 the sum of THOUSAND DOLLARS and to pay interest <br />thereon from the date hereof until the principal amount is paid at the <br />rate of <br />interest to maturity payable November 1, 1970 and semiannually there- <br />after on May 1 and November 1 in accordance with and upon presentation <br />and surrender of the interest coupons hereto attached as they severally <br />become due. Both principal of and interest on this bond are payable at <br />in any coin or currency of the United States of America which at the <br />time of payment is legal tender for public and private debts. <br /> All bonds of this issue are subject to redemption and prior <br />payment at any time on or after November 1, 1972 at par and accrued <br />interest. Thirty days' prior notice will be given by mail to the bank <br />where the bonds are payable and to the last known holder and published <br />notice of redemption will be given in the manner provided, by Minnesota <br />Statutes, Chapter 475. Holders desiring to receive such notice must <br />register their names, addresses and bond numbers with the Village Clerk. <br /> This bond is one of an issue of bonds in the aggregate <br />principal amount of $620,000, all of like date and tenor <br />and issued pursuant to and in full conformity with the Constitution <br />and Laws of the State of Minnesota, including Chapter 429, Minnesota <br />Statutes, for the purpose of providing temporary funds to defray the <br />