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O r t s
<br />s
<br />(Worn o= certificate to be printed -on the back of each bond)
<br />:. IMe hereby,tcertify, that the above is `a full, " true and
<br />M 5correct,..copy of , the'. legal opinion_ rendered by'bond counsel on the
<br />R, =Tissue of',bond s .of the City of;Orono;;Minnesota, which includes the
<br />within bond, dated as of 'the date of;:.,delivery.' of . and 'payment for
<br />the bonds : jr
<br />.' (Facsimile Signature)
<br />Mayor.
<br />.Signature)
<br />{ z (Facsunfile
<br />it.; Clerk -Administrator
<br />"City
<br />'S. The City Clerk -Administrator .is directed to cause' said
<br />T,"Y rwbonds to -be prepared�,�and the Mayor and City Clerk -Administrator are
<br />'
<br />;
<br />authorized and" directed to execute `'the same, one by manual and one. by '
<br />"
<br />4: facsimile,: signature, ,-and affix. thereto_ or rind thereon the seal of
<br />p
<br />A •
<br />the city,;' r. a' -"f acsimile .thereof;° `and to cause the interest coupons
<br />to be executed,and authenticated by the printed facsimile signatures
<br />:Qf
<br />j4
<br />said officers. The approving Legal opinion of Messrs. Faegre &.
<br />Bensonsha11
<br />be printed on the back of each bond which shall be
<br />followed by.a certificate in.the•form set forth above, Which shall
<br />`
<br />be. authenticated by 'the facsimile signatures of the, Mayor and City
<br />Clerk -;Administrator.
<br />:; 6 . The .principal 'of 'and' interest onthe bonds herein
<br />,authorized•. shall` be paid from the Improvement Bond Redemption Fund
<br />:of
<br />the City of orono'in.accordance`with' the"provisions of Ordinance
<br />,.
<br />` . .No. 56,r,- adopted; on September 4, 1963, ,'.and shall' be secured. by the
<br />`
<br />" full faith, credit and taxing power of the City, and by.all the
<br />covenantsrand governed'by •.the terms.;arid provisions set'•forth in
<br />� that ordinance `the'
<br />: ; If principal.' or .interest upon the said .Bonds
<br />r `shall become
<br />s` due;• and =payable. and there.. are insufficient moneys in
<br />rsaid.Fund
<br />V, to pay such principal and`�int_erest, the' City. Treasurer
<br />�rt txs;'autho*-azed anddirected to pay, said principal and interest from
<br />' any fund of ' the�'City . and -.'thereafter"- to`" reimburse 'such fund ;fromJR:
<br />'.colectonsL.,of `taxes• levied and special assessigents pledged to
<br />4
<br />r the' Improvement •: Bond;' Redemption Fund.
<br />7 Tt' is hereby found and ' .determined that the estimated
<br />et .
<br />u t L collection: of special assessments and taxes levied and pledged to
<br />the . impr'ovement'�Bond � Redempt "ion Fund and the ). other moneys appropriated
<br />thereto 'produce at least,:five percentins excess . of the . amount needed
<br />-"
<br />-meet,,whendue, the principal and interest payments on the Bonds
<br />w herein authorized and' on' aiiother ,•bonds of "the;' City payable from
<br />the. Tmpro,rement.`Bond Redemption Fund.., previously levied in
<br />„Taxes
<br />, connection` with ahe Improvement Bonds of., 19,74, . the Improvement Bonds
<br />.
<br />' ;of..1970 Series`A', and 'the "Improvement Bonds of 1970, Series B, are
<br />hereby reconfirmed Such taxes shall continue to' be collected by
<br />the Countv'.Auditor as -before and shall.be deposited in the Improve-,
<br />anent Bond Redemption Fund .
<br />:he City`s Improvement
<br />'ies A, and Improvement
<br />authorizing the same,
<br />974 maturinq after
<br />redelptzon and pre-
<br />tanding Improvement
<br />g after February 1,,
<br />on and prepayment on
<br />of such issues may
<br />lerk-tidministrator
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