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3 . Both principal and interest shall be payable at the main <br /> �ce of the Northwestern Nati onal Bank of Mi nneapol i s :: , in Mi nneapol i s , <br /> Minnesota and t e City shal pay t e reaso �able charges o said <br /> bank for its services as paying agent: � � <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 /> fy . <br /> UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> . CITY OF ORONO - <br /> No. � $5, 000 <br /> GENERAL OBLIGATION IMPROVEMENT BONDS OF 1980 <br /> � KNOW ALL MEN BY THESE PRESENTS That the City of Orono, <br /> Hennepin County, Minnesota, acknowledges itself to be indebted <br /> and for value received hereby promises to pay to bearer the sum <br /> of FIVE THOUSAND DOLLARS on the first day of March, 19 , and to <br /> pay interest thereon from the date hereof until the principal � <br /> amount is paid at the rate of � <br /> • per annum, interest to maturity payab e Septe er 1, <br /> 981 and semiannually thereafter on the first day of March and <br /> � the first day of September in each year in accordance with and <br /> upon presentation and surrender of the interest coupons hereto <br /> attached as they severally become due. Both princi�al of and <br /> interest on this bond are payable at � - � - <br /> � in Mi nneapol i s , Minnesota in any coin or currency of the <br /> United States of America which at the time of payment is legal <br /> tender for public and private debts. <br /> All bonds of this issue maturing in the years 1991 to <br /> . 1996, inclusive, are subject to redemption and prior payment at <br /> the option of the City in inverse numerical order on March 1, <br /> 1990 and on any interest payment date thereafter at par, accrued <br /> interest and a premium of 1.00% of the principal amount of each <br /> bond so redeemed. 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 Minnesota Statutes, Chapter 475. <br /> This bond is one of an issue of bonds in the aggregate <br /> principal amount of $1,100,000 , all of like date and tenor, <br /> except as to maturity, interest rate and redemption privilege, <br /> issued pursuant to and in full conformity with the Constitution <br /> and Laws of the State of Minnesota, including Chapter 429, Minnesota <br /> Statutes, for the purpose of defraying the expenses incurred and <br /> • <br /> *the main office of the Northwestern • , <br /> National Bank of Minneapolis -3' <br />