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�i� <br /> �� �� � <br /> � o o � <br /> ��b. � CITY of ORONO <br /> � � � <br /> �� �'�' RESOLUTION OF THE CITY COUNCIL <br /> . ��ESI��4� NO. � � � � <br /> iJNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF HENNEPIN <br /> CITY OF ORONO <br /> No. R-1 $50,000 <br /> GENER.AL OBLIGATION <br /> EQUIPMENT CERTIFICATE OF INDEBTEDNESS, SERIES 2002 <br /> Interest Rate Maturi Date of Ori�inal Issue � , <br /> 1.90% March 1, 2003 March 1, 2002 <br /> Registered Owner: <br /> • Principal Amount: Thousand Dollars <br /> The City of Orono, Hennepin County,Minnesota, for value received,hereby ' <br /> promises to pay to the Registered Owner specified above, or registered assigns,without option of <br /> prior payment,the Principal Amount specified above on the Maturity Date specified above,upon , <br /> the presentation and surrender hereof, and to pay to the Registered Owner hereof interest on such <br /> principal sum at the interest rate specified above from March 1, 2002 from the date hereof or the <br /> most recent interest payment date to which interest was provided to the date of maturity. <br /> Principal is payable in lawful money of the United States of America at the office of the Orono <br /> Finance Director, in Orono, Minnesota, as Bond Registrar or of its successor as Bond Registrar <br /> � designated by the City upon 60 days' notice to the registered owners at their registered addresses. <br /> Interest shall be paid on September 1, 2002 and at maturity on March 1, 2003 by check or draft <br /> mailed to the registered owners. . <br /> This Certificate constitutes an issue of Certificates in the aggregate principal <br /> amount of$50,000, issued pursuant to and in full conformity with the Constitution and Laws of <br /> the State of Minnesota, including Section 412.301 and Chapter 475, Minnesota Statutes,for the <br /> � purpose of providing funds for purchasing certain equipment. This Certificate constitutes a <br /> general obligation of the City and to provide moneys for the prompt and full payment of said <br /> principal and interest as the same become due the full faith and credit of the City is hereby <br /> inevocably pledged, and the City will levy ad valorem taxes, if required for such purpose, <br /> • without limitation as to rate or amount. <br /> Page 2 of 8 <br />