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<br />I <br /> <br />-I <br /> <br />J <br /> <br />serially from 1 upwards in chronological order of maturity dates <br />and shall be in the denomination of $5,000 each. <br /> <br />3. Both principal and interest shall be payable at <br />First National Bank of Mpls. , in Minneapolis , <br />Minnesota and the City shall pay the reasonable charges of said <br />bank for its services as paying agent. <br /> <br />4. The bonds, and the interest coupons to be thereto <br />attached and the City Clerk's Certificate on the reverse side <br />thereof shall be in substantially the following form: <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF NEW BRIGHTON <br /> <br />No. <br /> <br />$5,000 <br /> <br />GENERAL OBLIGATION WATER IMPROVEMENT BOND OF 1982 <br /> <br />KNOW ALL MEN BY THESE PRESENTS That the City of New <br />Brighton, Ramsey County, Minnesota, acknowledges itself to be <br />indebted and for value received hereby promises to pay the bearer <br />the sum of FIVE THOUSAND DOLLARS on the first day of February, <br />19 , and to pay interest thereon from the date hereof until the <br />principal amount is paid at the rate of per <br />annum, interest to maturity payable August 1, 1982 and semi- <br />annually thereafter on the first day of February and the first <br />day of August in each year in accordance with and upon present- <br />ation and surrender of the interest coupons hereto attached as <br />they severally become due. Both principal of and interest on <br />this bond are payable at , in <br />Minnesota in any coin or currency of the United States of Aroerica <br />which at the time of payment is legal tender for public and <br />private debts; and to provide moneys for the prompt and full <br />payment of said principal and interest as the same become due the <br />full faith and credit of the City is hereby irrevocably pledged. <br /> <br />All bonds of this issue maturing in the years 1994 to <br />1999, both inclusive, are subject to redemption and prior payment <br />at the option of the City in inverse numerical order on February <br />1, 1993 and on any interest payment date thereafter at par and <br />accrued interest. Thirty days' prior notice will be given by <br />mail to the bank where the bonds are payable and to the last <br />known holder, and published notice of redemption will be given in <br />the manner provided by Minnesota Statutes, Chapter 475. <br /> <br />, <br /> <br />This bond is one of an issue of bonds in the aggregate <br />principal amount of $1,330,000, all of like date and tenor except <br /> <br />-3- <br />