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<br />all bonds maturing on or after February 1, 1991 being subject to <br />redemption at the option of the City and in inverse numerical <br />order on February 1, 1990 and any interest payment date thereafter <br />at par and accrued interest. The bonds shall be numbered serially <br />from 1 upwards in chronological order of maturity dates and shall <br />be in the denomination fo $5,000 each. <br /> <br />3. Both principal and interest shall be pa~able at . <br />Northwestern National Bank of Minneapolis, , in Ninneapolls, <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 IMPROVEMENT BOND OF 1980 <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 to 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 <br />per annum, interest to maturity payable February 1, <br />1981 and semiannually thereafter on the first day of February and <br />the first day of August in each year in accordance with and upon <br />presentation and surrender of the interest coupons hereto attached <br />as they severally become due. Both principal of and interest on <br />this bond are payable at <br />in , Minnesota <br />States of America which at the <br />for public and private debts. <br /> <br />, <br />in any coin or currency of the United <br />time of payment is legal tender <br /> <br />All bonds of this issue maturing in the years 1991 to <br />1995, both inclusive, are subject to redemption and prior payment <br />at the option of the City in inverse numerical order on February 1, <br />1990 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 Minnes~ta Statutes, Chapter 475. <br /> <br />-3- <br />