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s
<br />.e
<br />iV
<br />and to pay interest thereon at the, rate
<br />,of
<br />; percent annum, -from the -date hereof until said
<br />pr ncipalr-sum is paid or until `this' b'o'nd, if prepayable; is "duly
<br />called ..€or;.redemption; rwhich' interest"' is payable on Februa'r, l
<br />Y+/
<br />1977 and. ;semiannually .thereafter` on February l and August ° 1 in
<br />as , :each year;'interest -to`'maturity `being"payable dance,', with
<br />�_ and,'upon surre'nde'r
<br />a
<br />f
<br />of the interestwscoupons appurtenant hereto.
<br />�_ Both principal"" and interest °payable,
<br />are at ' the ma fn office of the, Northwestern
<br />"i's
<br />F�* Nat i ona 1 Bank: of M i'nrieapo l in M i nneapo l i s 'Minnesota "'"A
<br />' in any coin or currency of the UnitedStatest of Arierica' which on mt
<br />x,.the respective dates
<br />4.
<br />of, payment is .legal tender for public and
<br />private debts. For the
<br />prompt and full a
<br />p yment'of said principal
<br />and interest as the same - become due '�the "faith,
<br />full
<br />credit: andmaxi ng powers of'', said City: shall be -and are' hereby
<br />,pledged: y irrevocabl
<br />. Y
<br />`4 t SYy, a U w Thus bond° is, one ofY' a series'+
<br />f .in the° aggregate,pri ricipal
<br />r amount of 2' 5,, 0'00 all' of ' ike `date' and teinor` except''as
<br />.
<br />to
<br />' Y
<br />r
<br />} er.al number, maturity, .:inte'rest';crate and. redemption privilege,
<br />issued
<br />`
<br />;, by said City pursuant .to,- a`• resolution duly adopted by the
<br />r City Council
<br />for, the`purpose of re -funding in advance of maturity'
<br />outstanding improvement
<br />bonds :of t e G'i
<br />h y, which `outstanding bonds
<br />'. were duly and regularly'r for 'purpose
<br />b'k
<br />ssuedh value for the of paying
<br />4�:costs of iaeeessary loeal improvement �proj,ects
<br />; within City:.
<br />z
<br />}
<br /><.This bond is issued . pursuant to' and, int full conformity
<br />_ .
<br />°the `laws.
<br />}•4h i
<br />,. with Co,n'stztution and; Sta`te of Minnesota' and'
<br />,' ordi�nancesof. the�Cityi'thereiAnto-enabling;
<br />� including -'Minnesota
<br />'Statutes, vChapter.'.475 and Ordinance 56
<br />'fJo. of the City and i s
<br />*y p y _ le ,primarily ;from ..the Improvement Bond Rede'mptio'n Fund
<br />the Cit c of ,
<br />City reated,;by Ordinance'`,No. 56;;but:the City Council' is
<br />i
<br />required by . law to ,pay the principal a and ,interest thereof out of
<br />r anX4 fund of Sthe City if, ever'.the';amount 'ered".ted"'to said''fur_.d
<br />k f should be 'znsuff ic`ient for-- such purpose
<br />T N + ?
<br />Bcinds o= this =seizes; maturing in the"'years
<br />1977 through.
<br />987;,are not sub0ect to redemption,prior'to.maturity, but those
<br />maturing,' in the years 1988 :'through' 1991` are each subject to `
<br />}G
<br />redemption and re. a ��
<br />N� p p yment.:'at the _ o tion . of the Ci yon February
<br />`
<br />r 1987 , andany interest, payment: date thereafter, lh' -inverse order
<br />their `sera.al
<br />=of nunbers,l, and at arice, of
<br />P parand'accrued interest.`
<br />Not .than 'thirty days `before, `d'ate 'specified
<br />,less .the for previa
<br />` ,andr redemptian' of any of said bozids, ;the "Cit ym� nt
<br />y wil'1 'mail ., a notice of
<br />„R Ethe call thereof
<br />s'u
<br />`to : the holder `. if knoran
<br />• , ,:',and,` o ;the bank at which
<br />1y'principal ,;interest
<br />and are'then payable',, and gill-'p.ublish the'notice
<br />s' of
<br />cal as required by Minnesota Statutes; Chapter1:475. Bondholders
<br />desiring.
<br />'to receive; such ,notice may• register' their `names and°'addresses
<br />id and the
<br />serial numbers of their,' bonds°xwith` the City :Treasurer.'
<br />IT R IS HEREBY. CERTIFIED RECITED', CO�TENANTED t�zIVDAGREED_
<br />?�that.,:all
<br />acts; conditions and things required by the Constitution
<br />L�
<br />!and laws 'of the State of .Minnesota. and- ordinances ,,of � the City `to be
<br />done; to
<br />exist, to. happen and to be:performed` precedent to and in
<br />the. issuance?of
<br />>r?,
<br />: valid this" bond; have been- done, do exist, have
<br />• happened and ,have been= performed in r'e'gular and due form; bine and '
<br />runner: asp so,rreaured; that: the' proceeds of the bonds of this issue
<br />together with''other' duly "funds -been
<br />appropriatedhave deposited ,in
<br />scrow% witi "a qualifi�e&,banking for investmentau-
<br />'
<br />,ins•titution
<br />ri,thorzed securities, acknowledged` to be` sufficient foY, and irrevocably
<br />,,appropriated to, the payment of the principal of and interest on the
<br />a
<br />-3-
<br />t °��,�si _ ,�. :.S - c� ! .. -�._ - � :a.�:. !; � .. t,� r.'y�'.Y.= .,fir. JF. ,- -�'k�p - � + 5.. �:Z'Se.7f •t,``'+.lf.�» .".r
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