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<br />the option of the City at any time on or after October 1, 1977 at par
<br />and accrued interest, to pay the costs of Improvements Nos. 15-4, 75-5,
<br />75-6, 75-7, 75-8, 75-9, and 75-10, consisting of acquiring, opening
<br />and widening street right-of-way, grading, graveling and surfacing
<br />of streets and installation of curb and gutter, sanitary sewer, water
<br />main and storm sewers on various streets in the City under Chapter
<br />429, Minnesota Statutes.
<br /> 3. Both principal and interest shall be payable at the ,ain ~
<br />office of BilReNENri!!'1-,.."",.,,+- 11....+ A l.M~I-t<..;oJ rI.+. r3"IflI/~ .. ~ ''11''''''''1' "', ,
<br />in Minneapolis , Minnesota, and the City shall pay the reasonable
<br />charges of said bank for 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 /> CITY OF NEW BRIGHTON
<br />No. $5,000
<br /> TEMPORARY IMPROVEMENT BOND OF 1975
<br /> KNOW ALL MEN BY THESE PRESENTS That the City 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
<br />April, 1978 the sum of FIVE THOUSAND DOLLARS and to pay interest
<br />thereon from the date hereof until the principal amount is paid at
<br />the rate of
<br /> ( %) per annum,
<br />interest to maturity payable October 1, 1975 and semiannually there-
<br />after on April 1 and October 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
<br />at the main office of
<br />in , Minnesota in any coin or currency of the United States
<br />of America which at the time of payment is legal tender for public and
<br />private debts.
<br /> All bonds of this issue are subject to redemption and prior
<br />payment at any time on or after October 1, 1977 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 475. Holders desiring to receive such
<br />notice must register their names, addresses and bond numbers with the
<br />City Clerk.
<br /> This bond is one of an issue of bonds in the aggregate
<br />principal amount of $1,035,000, 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 />expenses incurred and to be incurred in connection with Improvements
<br />Nos. 75-4, 75-5, 75-6, 75-7, 75-8, 75-9, and 75-10, consisting of
<br />acquiring, opening and widening street right-of-way, grading,
<br />
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