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<br />No. R-l <br /> <br />$65,000 <br /> <br />mUTED STATES OF AMERICA <br />STATE OF MINNESOTA <br />OOUN"l"Y OF RAMSEY <br />CITY OP NEW BRIGB"l'<>>1 <br /> <br />GENERAL CBLIGrlTICIf TAX INCREMENT <br />BalD OF 1983 <br /> <br />KNOW ALL BY THESE PRESENTS that the City of New Brigh- <br />ton, Ramsey County, Minnesota, acknowledges itself to be <br />indebted and, for value received, hereby promises to pay to <br />the First State Bank of New Brighton, or its registered <br />assigns (the "Reg istered Holder"), the Principal Sum of <br />SIXTY-FIVE THOUSAND OOLLARS (If THE 1ST MY OF AUGUST in the <br />years and principal installments, respectively, as follows: <br /> <br /> Principal Principal <br />Year Installment Year Installment <br />1985 $5,000 1989 $ 9,000 <br />1986 5,000 1990 9,000 <br />1987 6,000 1991 10,000 <br />1988 6,000 1992 15,000 <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 Reg istered Holder <br />from the date hereof on the principal installments hereof <br />.until the same are paid at the rate of eight percent (8.00t> <br />per annwo, interest to matur i ty payable on August )" 1983, <br />and semiannually thereafter on the 1st day of February and <br />the 1st day of August in each year. Both principal install- <br />ments of and interest on this Bond are payable at the First <br />State Bank. of New Brighton, in the City of New Brighton, <br />Minnesota, in any coin or currency of the United States of <br />America which on the date of payment is legal tender for <br />public and private debts. <br /> <br />The principal installments of this Bond matur ing after <br />August 1, 1988, are subject to prepayment at the option of <br />the City in inverse order of maturity, in whole or in multi- <br />ples of $1,000, at par plus accrued interest, on said date <br />and any interest payment date thereafter. <br /> <br />This Bond is issued by the City in aid of financing a <br />project pursuant to and in full conformity with the Consti- <br />tution and laws of the State of Minnesota, including Minne- <br />sota Statutes, Sections 273.71 to 273.78, inclus i. ve, "16 <br />amended. The principal installments of and interest on this <br />Bond are payable from ad valorem tax increments derived from <br /> <br />- 5 - <br />