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CC 12-16-1971
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CC 12-16-1971
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<br />. <br /> <br />. <br /> <br />This bond is'one of an issue in the aggregate principal <br />amount of $1,220,DOO, all of like date and tenor except as to <br />serial number, inter~st rate, maturity date and redemption privi- <br />lege, issued for the purpose of paying the cost of necessary pub- <br />lic improvements of special benefit to properties within the Vil- <br />lage, including the retirement of temporary improvement bonds <br />issued to finance such cost, and is issued pursuant to and in <br />full conformity with the Constitution and laws of the State of <br />Minnesota thereunto enabling, including Minnesota Statutes, Chap- <br />ters 429 and 475. This bond is payable primarily from the Improve- <br />ment Bond Sinking Fuhd of the Village, but the Council is required <br />by law to pay maturipg principal thereof and interest thereon out <br />of any funds in the treasury if moneys on hand in said special <br />fund are insufficient therefor. <br />" <br />,I <br />IT IS HEREBY, CERTIFIED, RECITED, COVENANTED AND AGREED <br />that all acts, conditions and things required by the Constitution <br />II . . <br />and laws of the StatF of Mlnnesota to be done, to eXlst, to happen <br />and to be performed precedent to and in the issuance of this bond <br />in order to make it a valid and binding general obligation of said <br />Village according t~ its terms have been done, do exist, have hap- <br />pened and have been performed as so required; that prior to the <br />issuance hereof the Village has duly levied special assessments <br />upon all benefited property within the corporate limits and a <br />direct, annual, irrepealable tax upon all taxable property therein, <br />which special asses~:ments and taxes are collFctible in the years <br />and in aggregate amounts not less than 5% in excess of the amounts <br />required to pay the ;:principal of and interest on the bonds of this <br />issue as such princ~pal and interest respectively become due, and <br />has appropriated th~ same to said fund, and additional ad valorem <br />taxes may be levied upon all taxable property within the Village, <br />if needed for such Rurpose, without limitation as to rate or <br />amount; and that the issuance of this bond did not cause the <br />indebtedness of said Village to exceed any ionstitutional or <br />statutory limitation. <br />. , <br />'I <br />'I <br />IN WITNESS WHEREOF, the Village of Arden Hills, Ramsey <br />County, Minnesota, 9Y its Village Council, has caused this bond <br />to be executed in its behalf by the manual signature of its Mayor, <br />attested by the fac~imile signature of the Village Treasurer and <br />a facsimile of the official corporate seal to be printed hereon, <br />and has caused the interest coupons appurtenant hereto and the <br />certificate as to opinion of bond counsel on the reverse side of <br />this bond to be exe9uted and authenticated by the facsimile sig- <br />natures of said officers, and has dated thi9 bond as of January <br />1, 1972. . " <br /> <br />, <br />(Facsimile signature) <br />Village Treasurer <br /> <br />Mayor <br /> <br />(Facsimile seal) <br /> <br />-5- <br />
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