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7TY2,
<br />(Resolutions #99, 06'A'tinued)
<br />I .. PARKING LOT'BOND OF 1965
<br />4
<br />No. $l'"'OOO
<br />KNOW ALL MEN BY THESE PRESENTS that the Villt,ge of Orono9''
<br />Hennepin'County. Minnesota, acknowledges itself to be indebted and.
<br />for valuereceived promise's to pay -to *.bearer the sum of ONE THOUSAND.,
<br />DOLLAAS* on the Ist day of -March, 19 or, if this bond *is' redeemAib,16
<br />aa -stated below, on a date prior thereto.on which it has been duly
<br />or redemption, and to pay
<br />called f* r.e mp- interest thereon from *the 'date-:-*:
<br />hereof - until said principal -sum be paid,. or, if. this bond` is re-
<br />d6emable, until it h&s.been duly called for redemption_, at -the rate'
<br />..Of per 7cent. %) per.annum -pl'u's
<br />r'. additional interest*on said principal sum 'from August 1, 1965, until
<br />March 1. 1966, at. -the rate of one and tWenty.*hu3id-redths per cent
<br />(1.20o) per annum, 'all interest -being payable, on March 1,-:'1966, and
<br />semiannually ''thereafter on the 1st day of SepteMb6r a,hd:,- the .1s't day ',of
<br />March of each year, and being represented by and payable in adcord
<br />ance
<br />with and upon.presentation and surrender of the interest coupons h6reto.!:j
<br />attached,, 4,hich are in two sets, one representing interest .7
<br />payable from date of issue to maturity, -..and., the -other; -designated as. -
<br />a,11311. coupon, �rppresenting said additional-
<br />'iiieres-ty. .
<br />principal"'
<br />ands interest are - ayable at the dffice',of the:, orthvestern
<br />National Bank of Minneapolis., in Minneapdlis,' Minnesota; in any coin
<br />or currency =of the United States of- America which onthe respective
<br />dates of pa s. .,-:
<br />payment is legal, -.tender for public -private debtFor
<br />t
<br />the prolpt and full payment of buoh.principal and ointerest 'as the, -same'
<br />r-es'9
<br />pectively.become due the full faith, ., credit- and taxing powers - of,
<br />thVillage are hereby irrevocably pledged.
<br />.
<br />This bond is one of anissue in the .aggregate principal -
<br />amount -,(of $47,000,..all of like date and.tenor except. as to serial
<br />nt 'is
<br />nuib,er'"interest rate, maturity and redemption 'privilege, all sued,,"
<br />by -.said Village for the purpos'-e of defraying ..expenses, incurred ' a:�d!., -66
<br />-be incurred in acquiring and.constructing..an--*-6,iitomobil.e parking—
<br />acilit-y''in said -Village, and is issued pursuant to'and-.1n -full con-'
<br />'
<br />formity with the Constitution and laws of the State o±' -.Minnesota
<br />.thereunto enabling, including Minneso.ta-Statutea:1961-, Section 459.14'.
<br />-,e,1r,.:,resp,e,qtive stated, maturity date s. witho--�t o t16n-.of,
<br />Bonds -of . this issue 'nunbere.d..l to -. .,24,, inclusive are payable
<br />payment. B.6nd.s, numbered. .2,5�--�toi inclusivej,%F�ur n
<br />.pen 47. g.:Ln 11975 an
<br />later.,'7e.ar's'.,.p.7'e each-,subjec I t.---to,r,1d-,dempti,o.n -and, pre -payment
<br />opt.iob .of .the village, on Marek 1, 74>, _arid „any subsequent .1nte:rest
<br />P 2rand -d6 yaa Lia.,.U,-0
<br />116d, not :166:s tha 3b`ddys prior -'to he date specified
<br />for ,,'rle- ,redemption ma, n
<br />n -to
<br />f or'redemptio ��.the holder, if -know, -and to the - bank at. which the
<br />bonds are then payable. Holders of rede-emable bonds-, wish#ig--:t.o -receive
<br />such notice must -register their names and addresses and the serial
<br />numbers of their bonds in the office of the Village -Treasurer.
<br />IM IS HEREBY CERTIFIED, --.-RBCI,IEDI..COVENANTED AND AGREED th6;t
<br />all acts, conditions and things required by the Constitution and Laws.-,,
<br />of the State of Minnesota to be 'done, to exist, to happen and to be
<br />performed preliminary.to and in the issuance of this bond -in order to
<br />make*it a valid and binding general obligation of said Village accord-.
<br />
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