87-061 - Laserfiche WebLink

Home Browse Search

No. R-1 $300,000 UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF NEW BRIGHTON GENERAL OBLIGATION FIRE STATION BOND OF 1984 The City of New Brighton, Ramsey County, Minnesota, acknowledges. itself to be indebted and, for value received, hereby promlses to pay to the First State Bank of New Brighton, New Brighton, Minnesota, or its registered assigns (the "Registered Holder"), upon presentation and surrender hereof, the Principal Sum of THREE HUNDRED THOUSAND DOLLARS on February 1, in the years and pr incipal installments, respectively, as follows: PRINCIPAL PRINCIPAL YEAR INSTALLMENT YEAR INSTALLMENT 1986 $24,000 1991 $35,000 1987 26,000 1992 38,000 1988 28,000 1993 41,000 1989 30,000 1994 45,000 1990 33,000 or on any earlier date on which the principal installments of this Bond may be and shall have been duly called for prepayment, and to pay interest to the Registered Holder from the date hereof on the principal installments hereof until the same are paid at the rate of eight and twenty hun- dredths percent (8.20%) per annum, except that said rate of interest on and after June 1, 1987, shall be six and twenty- five hundredths percent (6.25%) per annum, interest to maturity payable on August 1, 1984, and semiannually there- after on the 1st day of February and the 1st day of August in each year. Both principal installments of and interest on this Bond are payable at the First State Bank of New Br ighton, in the Ci ty of New Br ighton, Minnesota, in any coin or cur rency of the United States of Amer ica which on the date of payment is legal tender for public and private debts. The principal installments of this Bond are subject to prepayment at the option of the City in inverse order of matur ity, in whole or in multiples of $1,000, at par plus accrued interest, on July 1, 1987, and on the 1st day of any month thereafter. I