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<br />, , <br /> <br />No. R-l <br /> <br />$150,000 <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 <br />BOND OF 1982 <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 "Registered Holder"), the principal Sum of ONE <br />HUNDRED FIFTY THOUSAND DOLLARS ON THE 1ST DAY OF AUGUST, in <br />the years and principal installments, respectively, as <br />follows: <br /> <br /> principal Principal <br />Year Installment Year Installment <br />1985 $lO,OOO 1989 $20,000 <br />1986 lO,OOO 1990 23,000 <br />1987 20,000 1991 23,000 <br />1988 20,000 1992 24,000 <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 one-half <br />percent (8.50%) per annum, interest to maturity payable on <br />August 1, 1983, and semiannually thereafter on the 1st day <br />of February and the 1st day of August in each year. Both <br />principal installments of and interest on this Bond are pay- <br />able at the First State Bank of New Brighton, in the City of <br />New Brighton, Minnesota, in any coin or currency of the <br />United States of Amer ica which on the date of payment is <br />legal tender for public and private debts. <br /> <br />The principal installments of this Bond matur ing after <br />August I, 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, inclusive, as <br />amended. The principal installments of and interest on this <br /> <br />- 5 - <br />