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<br />No. R-l <br /> <br />$300,000 <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW SRIGHTON <br /> <br />GENERAL OBLIGATION FIRE STATION <br />BOND OF 1984 <br /> <br />The City of New Brighton, Ramsey County, Minnesota, <br />acknowledges itself to be indebted and, for value received, <br />hereby promises to pay to the First State Bank of New <br />Brighton, New Brighton, Minnesota, or its registered assigns <br />(the "Registered Holder"), upon presentation and surrender <br />hereof, the Principal Sum of THREE HUNDRED THOUSAND DOLLARS <br />on February 1, in the years and pr incipal installments, <br />respectively, as follows: <br /> <br /> PRINCIPAL PRINCIPAL <br />YEAR INSTALLl1ENT '{EAR INSTALLMENT <br />19,86 $24,000 1991 $35,000 <br />1987 26,000 1992 38,000 <br />1988 28,000 1993 41,000 <br />1989 30,000 1994 45,000 <br />1990 33,000 <br /> <br />or on any earlier date on which the principal installments <br />of this Bond may be and shall have been duly called for <br />prepayment, and to pay interest to the Registered Holder <br />from the date hereof on the pr incipal installments hereof <br />until the same are paid at the rate of eight and twenty hun- <br />dredths percent (8.20%) per annum, interest to maturity pay- <br />able on August 1, 1984, and semiannually thereafter on the <br />1st day of February and the 1st day of August in each <br />year. Both pr incipal installments of and interest on this <br />Bond are payable at the First State Bank of New Brighton, in <br />the City of New Brighton, Minnesota, in any coin or currency <br />of the United States of America which on the date of payment <br />is legal tender for public and private debts. <br /> <br />The principal installments of this Bond are subject to <br />prepayment at the option of the Ci ty in inverse order of <br />maturity, in whole or in multiples of $1,000, at par plus <br />accrued interest, on any interest payment date. <br /> <br />This Bond is issued by the City to finance certain im- <br />provements to the City's Eire station (the "Improvements"), <br />pursuant to and in full conformity with the Constitution and <br />laws of the St.=.te of Minnesota, including Minnesota Stat- <br />utes, Chapter 475, and pursuant to authority conferred by <br />