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<br />STA2'L OP ;1IPR4f.+ki0?'A
<br />CQLTDPPY OF RAt"6T��.i`
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<br />h?iC?7 A_LI, t[EN t3Y ��SL PrES�3Tu t�at ihe Vi13¢�e �.^. Arden t�ills, a
<br />duly or�ized municipml. corporation of E�mse-,� Crn;nLyl A?innesota, acknowl-
<br />edgee it�oli' to be indebted :nd for value rec�i.-ed �r�nis6� to ;��y to
<br />bear�� t*,� �um oP OI� THOC6SI�.I�7) �G�LLAP3 on th3 lst da,y o� P,��:st, 19 , or�
<br />iF this oond ia prepsynble as atated he1oN, on a 8ate prior tYiere�o o!s whicla
<br />it csi.all L,�ve '.^�en duZy ca13.�d Por reclaaptiar.� 8nd to pay interest thereon
<br />st the =.utr. of gar cerat (�__�,) per ann�
<br />fra�n c�ae clr.cte hereof urtil paid or until this bond� iP pi•epz9;�ai>le� i�as beEn
<br />duly ctsl?...�+d for redempt3on, p�uc additiorml inter2st on ca.id principai cuce
<br />at the ��ate of per cent { ;�,) Per
<br />annvra� fraa �, lq to , 1.g
<br />Sai3 intere3t ie payable Au�ust 1, 1�, an3 se�ianually therea�'ter ori thc
<br />l�t day oP February tuici the lstr �ay oP August, interattt �a ma�urity bain6
<br />payeble in accordn.nce witiz an3 upon presentstion sn:4 surre%�'er oP the inte*-
<br />est con,on, a�purtenant n�xei:or'con�iating of one set of co-smons represent-
<br />ir.g ir,tcres� fra� date oP 3eat;s ta wFsturity �.� the be�ie r¢ss^e atate3 above,
<br />r3nd a�ep�.rate set designated ao "Ii" coupona, representin� :interr.st a4 th�
<br />additior:t�.t re�te and for tY.e licited pe�iocl stmted nbove. P�tY� rrl:nc3pal
<br />en� i-.-cer¢�t arc payable at
<br />._.�� in .�._..__ __ _..,; t� ��
<br />coin cr cv:-renef �f the ih;i. ��d �ta�es of r�?'ET'�C8 tT�31Cti1 0:�� t:n re^; e�tiwe
<br />dates oi i.ayr�ent is legal tendar Por Zr1*rate and �uhlic debt^. rar t?ie
<br />pro�t 2tv-� Pu11 p�yr.ent of aLch prine2Fa1 anct intere9i n3 t.�e sace �eca:^e
<br />due t.ie ;.u11 faith, cre8it a;,3 texi:n� nowere aF the Vil1a� ere iiereb,y
<br />irra•rocably ple���ed.
<br />i'r.is bond. is one oP a serias in �he ¢�,,re�ate pz'i.ncipal aMount
<br />oP ��:OO,CO�, e11 oY li?ce date and tehor exee�t as to serie2 m�nber� inter-
<br />est �at�, :r,�turity and r.ade�t5on rorivilege, isc�u2d Por the �ur�:ose oP de-
<br />Prayin� exnensea Sncurred and to be 3neurreci in r_or�atruatior_ 04 an lmprove-
<br />¢ent deo3�-�ated as "Sanitai^y uewer 7xa�rovc:�ent i�o. II" oi �he 9i11aGe of
<br />Arden IIllla, anfl is isaued pursueant to and 3n iull can�'or!ni.ty wYth re�oiu-
<br />�ione duly a�3opted by the V31�a�e Co�cil ai"ter Leerin�; as requi+^ed hy leer
<br />nod pw^suont to [znd in fu1:L conformity.uith the Constitutiar� and 1¢we oP
<br />tLe a�ste oi T?inne9otu thereunto enahll�a�, inclvdin� i�91;1nesota Rtatiates,
<br />Ch�.�ter 429. Th1s band 1s p�y&ble prtsrui.*ily Prom the 5ani$a*y Sec�rer im-
<br />prnv�ent Pand Sinhing Fund oi the Villqge, but tho +:ovncil is reouired
<br />to pqy the principel and intereat tl�ereoi out oP any 4wx3s in the treas�ry
<br />in the event tt�at tha :apnt�ys on han.9 �n said ?und ere at �.�y time ineuFfi-
<br />cie:lt �to caeet the pe,yment o.0 msaturi:�„ princapal and interest.
<br />Bonds oP thi� �eries hea:in� �e�ial nut�be:�s 1 through 200 (�vatur-
<br />in,s in -c:ze years 1962 tf++^ov;n 1ry71) a^e nGyaUle at tneir ��esFective sEated.
<br />r.uii1:urity dutes wiLhout ontion o� prior pnyh�nE, but thoso bearing 9�rie,].
<br />mvm3�e;:c 2i;1 ttirou�h 1tQ0 (�.:.�.4uri.7n in �ChQ yrn^� 1972 th•-ou�-t+. 1;�33 ) are each
<br />aub,yeet �to redemption and pre�nrs�nt at tha option oP t?te Villa�e on .�u�ez3t
<br />1, 1�'65� a-!d any int�rest ��r,�en� 3ate thn_�^ea4ter, at a�,^�ce oP ;s- ttn�
<br />ace_^uefl in�e�est plue e premiun o£ �20 Por each �ond prepaid on ar `�efore
<br />Februa:^y 1, 1)'70, an3 withoui p:aNium iP prn,aid or U'_ &�f.cir. August lr 1970;
<br />provicled that oY the p±�e�myable bonda at atty ti�ce ou�stn�td{n�, those 5ea�t_n�,
<br />_�_
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