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Resolution 1199
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Resolution 1199
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7/8/2008 7:45:59 AM
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<br />, ") , , <br />,... . <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />street right-af-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 0 <br /> <br />30 Both principal and interest shall be payable at the main <br />office of nN. Nettr1l1i1lttl ..... cd.. ... , in ..,,- <br />Minnesota and the Village shall pay the reasonable charges of said <br />bank for its services as paying agento <br /> <br />40 The bonds and the interest coupons to be thereto attached <br />shall be in substantially the following form: <br /> <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />VILLAGE OF NEW BRIGHTON <br /> <br /> <br />Noo $5,000 <br />TEMPORARY IMPROVEMENT BOND OF 1973 <br /> <br /> <br />KNOW ALL MEN BY THESE PRESENTS That the Village of New Brighton, <br />Ramsey County, Minnesota, acknowledges itself to be indebted and for <br />value received hereby promises to pay to bearer on the 1st day of April, <br />1976 the sum of FIVE THOUSAND DOLLARS and to pay interest thereon from <br />the date hereof until the principal amount is paid at the rate of <br /> <br />( %) per annum, <br />interest to maturity payable October 1, 1973 and semiannually thereafter <br />on April 1 and October 1 in accordance with and upon presentation and <br />surrender of the interest coupons hereto attached as they severally <br />become due. Both principal of and interest on this bond are payable <br />at the main office ofF" Nat.'" Baa.. ....- <br />in" .. , Minnesota <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 0 <br /> <br />All bonds of this issue are subject to redemption and prior <br />payment at any time on or after October 1, 1975 at par and accrued <br />interest. Thirty days' prior notice will be given by mail to the <br />bank where the bonds are payable and to the last known holder, and <br />published notice of redemption will be given in the manner provided <br />by Minnesota Statutes, Chapter 4750 Holders desiring to receive such <br />notice must register their names, addresses and bond numbers with the <br />Village Clerk a <br /> <br />This bond is one of an issue of bonds in the aggregate <br />principal amount of $535,000, all of like date and tenor <br /> <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 />expenses incurred and to be incurred in connection with Improvements <br />Noso 73-2, 73-3, 73-4, 73-5, 73-6 and 73-9, consisting of acquiring, <br />opening and widening street right-af-way, grading, graveling and <br />surfacing of streets and installation of curb and gutterr sanitary <br />sewer, water main and storm sewers on various streets in the Village, <br />and is payable from the Temporary Improvement Bonds of 1973 Fund out <br />of the proceeds of definitive improvement bonds which shall be issued <br />and sold at or prior to the maturity of this bond to the extent that <br />the same cannot be paid out of the special assessments for such <br />improvements or taxes theretofore collected or out of any other <br />municipal funds which are properly available and are ,appropriated <br />for such purpose, and the holders of the bonds of this issue have <br />
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