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90-093
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90-093
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<br />been authenticated and delivered under this Resolution. When the Bonds have been so <br />prepared~ executed and authenticated~ the City Manager shall deliver the same to the <br />Purchaser upon payment of the purchase price in accordance with the contract of sale <br />heretofore made and executed, and the Purchaser is not obligated to see to the <br />application of the purchase price. <br /> <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed <br />definitive Bonds one or more typewritten temporary Bonds in substantially the form <br />set forth in Section 3 with such changes as may be necessary to reflect more than one <br />maturity in a single temporary bond. Upon the execution and delivery of definitive <br />Bonds the temporary Bonds will be exchanged therefor and cancelled. <br /> <br />Section 3. Form of Bond. <br /> <br />3.01. The Bonds will be printed in substantially the following form: <br /> <br />[Face of the Bond] <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />GENERAL OBLIGATION TAX INCREMENT BOND <br />SERIES 1990A <br /> <br />No. <br /> <br />$ <br /> <br />Rate <br /> <br />Maturity <br /> <br />Date of <br />Original Issue <br /> <br />CUSIP <br /> <br />5.70% <br /> <br />December 1~ 1993 <br /> <br />December 1~ 1990 <br /> <br />December 1, 1990 <br /> <br />Registered Owner: <br />Principal Sum: <br /> <br />The City of New Brighton, Minnesota~ a duly organized and existing municipal <br />corporation in Ramsey County, Minnesota (City)~ acknowledges itself to be indebted <br />and for value received hereby promises to pay to <br /> <br />or registered assigns, the principal sum specified above on the maturity date specified <br />above, with interest thereon from the date hereof at the annual rate specified above, <br />payable June 1 and December 1 in each year, commencing December 1, 1991, to the <br />person in whose name this Bond is registered at the close of business on the fifteenth <br />day (whether or nota business day) of the immediately preceding month. The interest <br />her~on and, upon presentation and surrender hereof, the principal hereof are payable in <br />lawful money of the United States of America by check or draft by Norwest Bank, <br />Minnesota, National Association, in Minneapolis, Minnesota, as Bond Registrar, Paying <br /> <br />5 <br />
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