CC 07-20-1961 - Laserfiche WebLink

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. . .. . " , . IT IS HEREBY CERTIFIED, RECITED, COVENAIilTED AND AGREED that all acts, con- ditions and things required by the Constitution and laws of the state of Minnesota to be done, to exist, to happen and to be performed preliminary to and in the issu- ance of this bond in order to make it a valid and binding general obligation of said Village according to its terms have been done, do exist, have happened and have been performed as SO required; that the Village has duly determined the necessity and con~ tracted for the construction of said improvements; that the Street Improvement Bond Sinking F\md has been duly created and provision made for the support thereof by taxes levied and special assessments to be levied with respect to the improvements financed by said bonds, such assessments and taxes being collectible at the t:i:mes required and in aggregate amounts not less than five per cent (5%) in excess of sums sufficient to PB\Y the interest hereon and the principal hereof as they respectively became due, and additional ad valorem taxes, if needed for said purpose, "f!Jq be and are required by law to be levied upon all taxable property in the Village, without limitation as to rate or amount; and that the issuance of this bond did not cause the indebtedness of said Village to exceed any constitutional or statutory limita- tion. IN WITNESS WHEREOF the Village of Arden Hills, Ramsey County, Minnesota, by its Village Council, has caused this bond to be executed in its behalf by the signature of its Ma;vor, countersigned by its Village Clerk, and sealed with its offi- cial seal, and the interest c01lJlons appurtenant hereto to be executed and authenti- cated by the facsimile signatures of said officers, and has caused a true and correct copy of the opinion rendered by bond counsel as to the validity of the issue includ- ing this bond, rendered at the time of delivery hereof, to be printed on the reverse side of this bond, and has caused this bond to be dated as of August 1, 1961. Countersigned: ~~or Village Clerk (SEAL) (Form of Coupon) No. $ On the 1st day of August (February), 19 ,the Village of Arden Hills, Ramsey County, Minnesota, will PB\Y to bearer at - ,in ,thesumof_ DOLLARS law.t'ul money of the United States of America for interest then due on its Street Improvement Bond, Series B, dated August 1, 1961, No. " (Facsimile signature) Village Clerk (Facsimile signature) I~or (Coupons numbered 10 and upwards, attached to bonds numbered 241 and upwards, shall also include the phrase: "Unless the bond de- scribed below is called for earlier redemption".) -6-