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1998 Resolutions
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1998 Resolutions
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<br />July 1, 1998 <br /> <br />The City of Centerville, Minnesota, a duly organized and existing municipal corporation <br />in Anoka County, Minnesota (City), acknowledges itself to be indebted and for value received <br />promises to pay to <br /> <br />or registered assigns, the principal sum of $ on the maturity date specified above with <br />interest thereon from the date hereof at the annual rate specified above, payable February 1 and <br />August 1 in each year, commencing February 1, 1999, to the person in whose name this Bond <br />is registered at the close of business on the fifteenth day (whether or not a business day) of the <br />immediately preceding month. The interest hereon and, upon presentation and surrender hereof, <br />the principal hereof are payable in lawful money of the United States of America by check or <br />draft by the City Administrator of the City of Centerville, Minnesota, as Bond Registrar, Paying <br />Agent, Transfer Agent and Authenticating Agent, or its designated successor under the Resolution <br />described herein. For the prompt and full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing powers of the City have been and <br />are hereby irrevocably pledged. <br /> <br />The City may elect on any date to prepay Bonds. Redemption may be in whole or in part <br />and if in part, at the option of the City and in such order as the Cirj will determine and within <br />a maturity by lot as selected by the registrar. Prepayments will be at a price of par .plus accrued <br />interest. <br /> <br />The City Council has designated the issue of Bonds of which this Bond forms a part as <br />"qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the Internal <br />Revenue Code of 1986, as amended (the Code) relating to disallowance of interest expense for <br />financial institutions and within the $10 million limit allowed by the Code for the calendar year <br />of issue. <br /> <br />Additional provisions of this Bond are contained on the reverse hereof and such provisions <br />for all purposes have the same effect as though fully set forth in this place. <br /> <br />This Bond is not valid or obligatory for any purpose or entitled to any security or benefit <br />under the Resolution until the Certificate of Authentication hereon has been executed by the Bond <br />Registrar by manual signature of one of its authorized representatives.t <br />DJK144652 <br />CE155-14 <br />
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