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<br />. <br /> <br />. <br /> <br />without mailing. Holders of prepayable bonds may request such <br />notice by advising the Village Treasurer of their names and ad- <br />dresses and the serial numb~rs of the bonds held by them. <br /> <br />3.04 The bonds and the interest coupons and the certificate <br />on the reverse side of each bond shall be executed and authenti- <br />cated in behalf of the Village by the signature of the Mayor, <br />attested by the Village Treasurer, and the corporate seal of the <br />Village shall be affixed to each bond. All signatures and the <br />seal shall be printed, engraved or lithographed facsimiles except <br />for the manual signature of the Mayor on the face of each bond. <br />The bonds shall then be delivered by the Treasurer to the pur- <br />chasers on receipt of the cash purchase price stated in Section <br />1.03, and the purchasers shall not be required to see to the <br />application of the proceeds. <br /> <br />Section 4. Sinkin~ Fund,Special Assessments and Tax <br /> <br />Levies. <br /> <br />4.01 There is hereby created, and there shall be maintained <br />by the Village Treasurer on the official books and records of the <br />Village, so long as any of the bonds herein authorized or other <br />improvement bonds shall be outstanding, a separate and special <br />debt redemption fund to be designated as the "Improvement Bond <br />Sinking Fund". The moneys in said fund shall be held and used <br />only for the payment of the principal and interest on the bonds <br />herein authorized and on any bonds issued and to be issued for <br />improvements instituted pursuant to Minnesota Statutes, Chapter <br />429, and acts amendatory thereof and supplemental thereto which <br />are directed to be paid from such fund, as such payments become <br />due, or to prepay and redeem such bonds when and as they become <br />prepayable according to their terms. Interest and principal, if <br />any, becoming due on any bonds prior to the completion and pay- <br />ment of the cost of the improvement for which they are issued <br />shall be paid by the transfer of moneys from the fund of such <br />improvement to said Sinking Fund. After payment of the cost of <br />any such improvement, the fund thereof shall be discontinued and <br />all subsequent collections of taxes and assessments levied in <br />respect thereof shall be paid as received into said sinking fund. <br />The funds of said improvements designated in Section 1.01, supra, <br />are hereby discontinued, and all remaining special assessments <br />collectible for said improvements are hereby appropriated to said <br />Sinking Fund. <br /> <br />4.02 Pursuant to the provlslons of Minnesota Statutes, Chap- <br />ter 429, the Village has specially assessed owners of property <br />specially benefited by the improvements in amounts not exceeding <br />such special benefits, and the prinCipal amounts of such special <br />assessments remaining unpaid, the years in which the installments <br />thereof are collectible, and the interest rate on deferred in- <br />stallments are as follows: <br /> <br />-8- <br />