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(Re -solution. #99, Continued`)
<br />9,
<br />make such assessment a.valid and binding lien upon such property,.,
<br />4.. It is hereby estimated': that the collections of said
<br />°special assessments will' produce at least five .percent in' excess of
<br />th6.amountsneeded to meet when due the principal and interest payments
<br />on, the bonds:,,her.ein, authorized.:;
<br />s 5.' Inanticipation„ of -the collection -of said special as,sess-
<br />R menus ,and. for the purpose of 'borrowing .money;`to pay; the, oust of
<br />acquiring and oonstruetrig an automobile_ parking facility,, the Village
<br />shall. forthwith ,i•ssue and, deliver to the purchaser.•,thereo, .its
<br />negotiable ooupon general. obligation,-.Parking,►pt Bonds of -1965•,.• Said
<br />' bonds - shall be, dated` June ' •1,• 1965.; shall be. 47 in number , anal numbered
<br />from •1 .,to �47••; inclusive,;: each : in the denomination of $19'000 9 and shall
<br />°mature in order =of,_ serial- numbers on March 1, in. theamount of $3.;:000
<br />-' in ea.ch� .of_, the :;years -.1967 Lthrough 19809 and $5, O00 in 1981, .and the
<br />e . bonds maturing 1 the, years shown below shall bear intereat, at, the
<br />n
<br />respective, rates •per,-s.nnum set forth opposite such matasity° years; as
<br />follows,: ;
<br />:Maturity Years _ Int.eres,t Rate
<br />' 19&7 tnrough 1972. 3;00
<br />1973: through 1976 - p - 3 ,`107
<br />1977 `:throug=h 1981 3;
<br />plus addit•i-on.al interest on all' bonds at tYie 'annual
<br />7' -rate of - i '.20% from August191965, to March:: -1 1966'.
<br />All .interest shall be payable on:March 1.,_,1966,,• .and;,s:emiannually there- '
<br />after on each September 1 andMarch -1.� ' Thd onds `maturing in -the years
<br />1967~ through 1974 � shall be• without option of ''prior, payment, but the
<br />bonds maturing in, 1975 ,and • subsequent. years shall each be, subject to
<br />redemption and prepayment.., at the option. of , the Village on. March 1,
<br />1974, -and any subsequent -nteres't payment date,. at 100-1'/2 and accrued
<br />y interest, Allo redemp ions shall be, made on notice of call for re-
<br />demption.mailed by.the Village Tre'asurer.not less than. 20 days. prior t.o
<br />the"; date specified °for redemption to. the holder, if known, • and' -to; -'the
<br />bank at which the bonds are then payable. •'TheVillage Treasurer and,
<br />=his :su.ccessors in office are hereby authorized and, directed 'to maintain
<br />in their -office .a register' in which they shall enter, so far .:as made
<br />known,ltd them'the.names of holders of redeemable bonds, their addresses,
<br />and- the _ s'erial" numbers of bonds held','by them.. The principal 'of °and
<br />interest on said bonds'shal-l.'be'•,payable at the main office of•'the
<br />Northwesterii National Bank of Minneapolis, in Minneapolis; Minnesota,
<br />and" -':`the, Village 'hereby. agreesi to pay the reasonable. -and customary-
<br />charge°s °,of �such'•`pay`ing 'agent .for the receipt. -and disbursement 'thereof.
<br />1,9- Said bonds and the coupons- attached ',thereto* shall 'be` -'in
<br />substantially -the' following forme
<br />UNITED STATES OF AMERICA
<br />STATE OF MINNESOTA
<br />COUNTY OF HENNEPIN
<br />V',IhhA.GE OF OR'ONO
<br />
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