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'!. c fy a;�. R q3 ,,l�sa �yy, .} r Via. Y •'.i'F ' Fy�,.F
<br />,.'. + .• .wt ty,? t, «. i r:+ +°:.Mx S...r) T irr7.4Rr S".E� !•}! y
<br />+ 3F y sir Y _•
<br />2. To ,provide funds_to'refund the outstanding Improvement
<br />kk u]yon ds1,ofw 1974, dated .Sep ember 11974,. Improvement. Bonds: of 1970,' J
<br />,t f ft5eriesl, �.dated}ugu^st ,1, 19,70,. and�xlmproveinent;Bond"s of 1970,
<br />Serie ;B, dated;Augu`st 4'1, 1970.,- the,C�ty' :shall . forthwith, issue its
<br />,bwt� negotiable coupozi General Obligation...Refunding-Bonds •,of„1976 in;
<br />'the; aggregate principal ,:amount o;f�r$2, 6? 5, 00,0, _ to ':.die dated, August 1, j: s
<br />Y N197f, •to bear ��r terest at the rates��abave set forth, payable
<br />rFebruary+ l,r;.1977 and- semannuallyd tk�ereafter• on°February 1 and F w `kCu
<br />August 3 = in each, year, and to mature”: serially on=February l `in
<br />il
<br />the, years ,,,and amounts as follows:=o- t F ,.
<br />'�•ki l `r �- �irc•#+ Td.ti .., �a ti °� ¢•r - >t ..:, fir',. : + 4�
<br />wAr»Fq+ $165; 000 t znr_1977, i' "fit $215, 0OO in 1984, 6 r.
<br />< � , $;16.0 ' 000 in 197$'r ff i
<br />-`k
<br />$16 ¢ $2`05 Q00`, n ^1985,. ,
<br />�:a s ;'tt=$1,65; 0:00 (zn x1979 yt$2."10 00'0`; in19'86,.
<br />$185 00;0 in 1980, $190, 000 in• 1987; (`
<br />a {q5 t $190, Q00. zn 198Y and 1982, $'125, 000 in 1,988, ` and y Vit,
<br />? $185, OOQ ,in
<br />1983--,$150, 000 in 19.89 .to'• 1991, all
<br />years inclusive,
<br />nr�r';f 4 r {° •. C+'.,>F jt+ ;... , a _.. Ft F i ;mss !Y t :`. .. ^ .,'" '. ,.+ .. " .'t;
<br />spall: bonds •=maturing •in ,the . ears 1988 i to 1991,, beth inclusive',; bei
<br />Y
<br />r�� moi.,{ � : s - .
<br />u .; subject t. redemption at the option "of the City.;and in inverse
<br />(,rr %nuiuericaI. order' on February 1, 1987 :and any interest payment date
<br />t.
<br />thereafter At par and :'accrued interest: The bonds shall . be' numbered
<br />T sekially. from 1 upward's in:. chronological: order of maturity dates
<br />''and shall, 'be int the following denomination (s)
<br />:Serial` Lumbers '' Denomination'
<br />} .r i •�� t x T r 'i
<br />t 1 through••52:7 $5,000, r
<br />V. .
<br />,,3 . Both principal, .and 'interest shall be payable • - .k,
<br />at the main office of the Northwestern National,. Bank L i n Minneapolis �•; s
<br />Minnesota, and: the City shall pay ;the reasonable #
<br />charges of said: bank , f r- its.,,, vices as paying .agent.
<br />4
<br />� 6.0 kY :}= SA The bonds, -the. interest`couporis and the certificate '
<br />��
<br />to legal opinion to be printed on `the: back of the bonds' shall
<br />` , f
<br />lb "subs-atiallg'.in the;`forn prescribed ,by' Ordinance No: 5.6 .of
<br />>as
<br />the;'City a`s follows ' .
<br />s
<br />n Y%3M,Fr a` ,: ,' • s UNITED STATES OF AMERICA
<br />�(X, * : OF
<br />STATE`' . MINNESOTA
<br />COUNTY OF HENNEPIN
<br />CITY OF ORONO P.
<br />No $5,000
<br />°4 GENERAL OBLIGATION REFUNDING BOND OF; 1976
<br />}• `
<br />KNOW ALL 14EN BY THESE PRESENTS That the City of Orono, a
<br />"municipal .'corpora ion •.of Hennepin.+ County,,.Minnesota, hereby acknowl -
<br />�l„s eg' i -self to be indebted and for. value received promises to pay
<br />to. k earer , the sum of FIVE' THOUSP.�LTD DOLLARS on the first day cif. .
<br />"..February,' -19 or', if this bond is :prepayable as noted below, on
<br />a prior date on which it shall have 'been duly called for redemption,
<br />wa.
<br />m
<br />S r
<br />Qyflll.,
<br />A n• �r
<br />alai, J
<br />.. ......_. _.. .. ._.:.: r. . a... y._ - :. ,r,i ...M ....- : ...:..�• .a :."`_:...n.Xal:'}.t'n•�. FL;.t.4:w YS+Yar's�'..R 1?•ti%n hSi:.eF
<br />
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