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1998 Resolutions
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1998 Resolutions
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<br />IN WITNESS WHEREOF, the City ofCenterville, Anoka County, Minnesota, by its City <br />Council, has caused this Bond to be executed on its behalf by the facsimile or manual signatures <br />of the Mayor and City Administrator and has caused this Bond to be dated as of the date set forth <br />below. <br /> <br />Dated: <br /> <br />CITY OF CENTERVILLE, :MINNESOTA <br /> <br />(Facsimile) <br />City Administrator <br /> <br />(Facsimile) <br /> <br />Mayor <br /> <br />[Reverse of the Bond] <br /> <br />This Bond is one of an issue in the aggregate principal amount of $245,000 all of like <br />original issue date and tenor, except as to number, maturity date, redemption privilege, and <br />interest rate, all issued pursuant to a resolution adopted by the City Council on June 10, 1998 (the <br />Resolution), for the purpose of providing money to refund the outstanding principal amount of <br />certain general obligation bonds of the City, pursuant to and in full conformity with the <br />Constitution and laws of the State of Minnesota, including Minnesota Statutes, Section 475.67 <br />and the principal hereof and interest hereon are payable from special assessments against property <br />specially benefitted by local improvements and from ad valorem taxes, as set forth in the <br />Resolution to which reference is made for a full statement of rights and powers thereby conferred. <br />The full faith and credit of the City are irrevocably pledged for payment of this Bond and the <br />City Council has obligated itself to levy additional ad valorem taxes on all taxable property in <br />the City in the event of any deficiency in special assessments and taxes pledged, which additional <br />taxes may be levied without limitation as to rate or amount. The Bonds of this series are issued <br />only as fully registered Bonds in denominations of $5,000 or any integral multiple thereof of <br />single maturities. <br /> <br />As provided in the Resolution and subject to certain limitations set forth therein, this Bond <br />is transferable upon the books of the City at the principal office of the Bond Registrar, by the <br />registered owner hereof in person or by the owner's attorney duly authorized in writing, upon <br />surrender hereof together with a written instrument of transfer satisfactory to the Bond Registrar, <br />duly executed by the registered owner or the owner's attorney; and may also be surrendered in <br />exchange for Bonds of other authorized denominations. Upon such transfer or exchange the City <br />will cause a new Bond or Bonds to be issued in the name of the transferee or registered owner, <br />of the same aggregate principal amount, bearing interest at the same rate and maturing on the <br />same date, subject to reimbursement for any tax, fee or governmental charge required to be paid <br />with respect to such transfer or exchange. <br /> <br />The City and the Bond Registrar may deem and treat the person in whose name this Bond <br />is registered as the absolute owner hereof, whether this Bond is overdue or not, for the purpose <br />of receiving payment and for all other purposes, and neither the City nor the Bond Registrar will <br />be affected by any notice to the contrary. <br /> <br />DJK144652 <br />CE1SS-14 <br />
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