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<br />1 i' 6 � r L`.i 7 s -.K t'-itt i tr �i•"} A i j�k t� � ti �... �.s �fs�'���'Yk�aw
<br />} r r
<br />obligations being refunded when 'due `. or.: if prepayable, to the eariz �.r
<br />g,
<br />r r est date such 'obli at>ons may be called for redemption, and the: n`s'
<br />'emi u61 payable` on °such: redemption date';. {that -the average annual r
<br />A< net"'interest rate` on the bonds; oif th.s; issue, computed to stated {
<br />a
<br />�;�° matur>.ty dates,r after, adding the expenses `of this issue including r
<br />the,- amount in : excess" of the; proceeds; of this issue deposited by' the
<br />Cz'ty in 'the escrow account
<br />r is lowex.,by at,least one-fourth of one
<br />;. percent per, annum than the average'; annual• interest rate of"the obl>_
<br />gat> ons refunded•; by "the' bonds ' of this issue; that notice of redemption'
<br />P_ the 'obligations being refunded, by the bonds of this issue has been
<br />dul give' and `'`such notice will be zepublished` as required by la�,r;
<br />y g�
<br />that prior to the issuance: hereof ±the City has .levied upon all taxabley �:
<br />r
<br />r`r property within ,its ,corporate limits .ha direct annual, ad valorem
<br />,..
<br />for .the years and in the amounts required, ..together with estimated `
<br />: collection"s=`of; .the- special "assessments levied An to be, levied for
<br />tia t local improvements and appropriated ,to said Redemption Fund,, to � .
<br />s" produce° sums not less than 5s in excess of 'the: -annual .amounts of
<br />K"
<br />Principal -.`and interest to become due`iipon the bonds of.:this<issue
<br /># and;'all' 'other bonds payable; from said.Redemption Fund; that addi
<br />yd? ;tlonal taxes if needed for the '
<br />r + p yment• of said principal and
<br />#t ' Y k _ L
<br />` =interest ma be levied upon :such property without ,limitation as
<br />rxgf to' rate :or.'amount; and thatthe issuance of this,'bond did not cause
<br />krs sa A '. the ;indebtedness of said City Y. to exceed any contitutional, statutory Y fir.. • .
<br />{
<br />or ordinance limitation.
<br />WITNESS -OF,the city k:. y
<br />of Orono, ,Hennepin County,
<br />x Minnesota; by i.ts, Iit Coun61 1, hasrrcaused this bond to be executed
<br />in its behalf by,' the facsimile signature of vi s .Mayor, countersigned
<br />r b'arid y .the City Clerk; and the, corporate seal or facsimile thereof to be, >< <
<br />a`fixed • hereto,•• the appurtenants interest coupons' and the certif'
<br />ica'te as to opinion of bond counsel:'on the reverse side hereof to
<br />n.vr b�' lexecuted .and ,authenticated" by the facsimile signatures of said .r
<br />=ricers, and has caused this bond to be dated as of August 1, 1976.
<br />«'
<br />_ A�
<br />H2
<br /><br+t s riayor .
<br />trGl ` Coitern e ,
<br />iff
<br />s,r Ci y Clei } a
<br />� f (Seal
<br />(Form ' of Coupon)
<br />i k !
<br />• .
<br />[Uni ess theF bond described below,hasbeen ;called for earlier redemption]' '
<br />5�! On• the 1st da of February $
<br />y e uary (august), 19 the City of ;.
<br />Orono, Hennepin County, Minnesota, will pay to bearer at the main office
<br />r
<br />'' ofthe NorthtveSt`ern Nat tong l' Bank of M i nneapo3 i s, Minnesota,
<br />4A, sum :shown hereon in lawful money of the United States of
<br />%r:mer,zca for.':interest then due on its,:Ge'neral Obligation Refunding
<br />„fix\ 3orid` of 197.6, dated August l,• 197&, No:
<br />f tt"ta -
<br />Y . (Facsimile Siqnature)
<br />Mayor --
<br />{
<br />g (Facsimile Signature)
<br />City Clerk -Administrator
<br />n F 1 r
<br />tA.
<br />?rye - 4
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