Resolution 1199 - Laserfiche WebLink

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1 , " the right to require the issuance of definitive bonds bearing interest at the rate of 6.00% per annum, maturing and subject to redemption as provided by law, on a par for par basis with such temporary bonds; provided, however, the full faith and credit of the Village have been irrevocably pledged for the payment of principal and interest on this bond and any definitive bond exchanged therefor, and the Village will levy a direct ad valorem tax upon all of the taxable property in the Village if necessary to provide for any deficiency. 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; and that this bond, together with all other indebtedness 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 Village Manager and sealed with the corporate seal of said Village and the interest coupons hereto attached to be executed by the facsimile signatures of said officers, all as of April 1, 1973. Mayor Village Manager (Seal) (Form of Coupon) No. $ [Unless the bond described below has been called for earlier redemptiono] On the 1st day of April (October) , 19 , the Village of New Brighton, Ramsey County, Minnesota, will pay to bearer at the sum shown hereon for the installment of interest then due on its Temporary Improvement Bond of 1973, dated April 1, 1973, No. 0 Mayor Village Manager 5. The Village Manager is directed to cause said bonds to be prepared and the Mayor and Village Manager are authorized and directed to execute the same and affix the village seal thereto and to cause the interest coupons to be executed by their manual or fac- simile signatures. Upon request of the purchaser, a copy of the approving legal opinion of Messrs. Faegre & Benson, Minneapolis, Minnesota, may be printed on the reverse side of each bond and certified by the facsimile signature of the Village Clerk. Upon