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<br />-2- <br /> <br />thereof payable June 1, 1977, and semi-annually thereafter on the <br />1st day o~ June and the 1st day o~ December in each year, and shall <br /> <br />mature serially on June 1st in the years and amounts as ~ollows: <br /> <br />$6,000.00 <br />$6,000.00 <br />16,000.00 <br />6,000.00 <br />6,000.00 <br /> <br />June 1, 1977 <br />June 1, 1978 <br />June 1, 1979 <br />June 1, 1980 <br />June 1, 1981 <br /> <br />2) The certificates shall be payable at any suitable bank <br /> <br />or trust company designated by the purchaser. <br />J) The certificates o~ indebtedness and the attached <br />interest coupon shall be in substantially the following form: <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br /> <br />NO. <br /> <br />$6,000.00 <br /> <br />FIRE EQUIPMENT <br />Certificates of Indebtedness <br /> <br />KNOW ALL MEN BY THESE PRESENTS, that the City of Centerville, <br /> <br />Anoka County, Minnesota, acknowledges itself to be indebted and for <br />value received hereby promises to pay to bearer the sum of <br /> <br />SIX THOUSAND DOLLARS <br /> <br />on June 1, 1977, and to pay interest thereon from the date hereof <br />until the principal amount is paid at the rate of six percent (6%) <br />per annum, interest to maturity payable semi-annually on the first <br />day of December and the first day of June in each year in accordance <br />with and upon presentation and surrender of the attached interest <br />coupons as they severally become due. There is hereby ordered to <br />the City of Centerville a pre-payment privilege of any amount at <br />any time without penalty. Both principal and interest are payable <br />at the First State Bank of Hugo, in any coin or currency of the <br />United States of America which at the time of payment is legal tender <br /> <br />for public and private debts and to provide money for the prompt and <br />