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<br />Extract of HiDut.S of H..ting of the
<br />City Council of the City of
<br />Cent.rvill., Anoka County, Hinn.sota
<br />
<br />Pursuaac to due call aDd DOCic. ch.r.of, a (regular)(a,..'.l) ...t1aa
<br />
<br />of the City Coullcil of the City of Cenc.rvill... KiDD.soca, wa. duly h.ld- 1zt
<br />
<br />the City Ball in ..id City OD tlJec1nesdi(u , ~1L1d't..t ~.., , 1988, .t
<br />I
<br />"",,,{)O . o'clock p.... L ~ CorrJl /;%1:.
<br />. eaT\. I.. ~fV\. .' .. 'kr-
<br />- foU-.,. -. -. pr......t. LII/lier; tJ/, / h...;./:Jer, Ii> fdlle, . Inl\
<br />
<br />aad the folJ.ov.1a& were .-sent:: jfs~
<br />
<br />....
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<br />*'.*
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<br />
<br />:IESOLUTIOK Ra.. '2i.=.c,
<br />
<br />USOLtl'nOllrROVIDIRG.lOlt_ TIlE. Dll'EASBCB:
<br />A)IJ) PADEft OB rnr.trr.AJ;lt;' OUTSr.dDDG . i
<br />~ OBLIGATIO" BOlm&' 0:' mE. CIn"...
<br />
<br />:r.'t' 'c~ :'-".';'r:;i~:>'~-
<br />
<br />;,t~' }"4,.... ..... .:~
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<br />U IT USOL.VED. By- the C1q., C0UIlC11. of. eIl.- City' d Cent.rv1U..,. Aula
<br />Couaty:,.. 1H..,...ca. (Ciq)1' _ follova:.:, . ,~, . :L' ,i:,',
<br />
<br />
<br />".,:'~"~"~ ....'..,...., r "'.,': -;" .;~ ". ;'_~..
<br />s.c.e:s.o.,l.. ,~: F1IlcIiIla..
<br />
<br />t~Ol'.. u.. C1qt ... Ireretofore :faauecl,. 11014 acl cI&l1.vencl ~.~~;({<.: -:1 "
<br />Obliaauoa Iap~09_.U 10M.. of' 1977 (Jaada).,.. date4.r~ I., 19!17~ ill. eh.'.~H~
<br />aarepce Prilldpal. __t: of $870,.000 of which: $'425.000.; :bt priDcipal
<br />-.oUDI: ta. outatndfol.." : >~(;
<br />
<br />~ - :... ....... .... .... ('.-~"
<br />',,- w.. f:.(~~_.~:':i-
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<br />1.02., thaCoullcU baa tav..cipced, the:- facta _tit the aad.acac.. oE
<br />ics f1Dallc1&l.. a4Yu.r. .... bereby clacen1lles that there are pre"lltlT fa
<br />the: debt: .."ice fuDcl (Debt Servic.. lUIlcl)- for the BoIlda _equate fUDda fOJ:
<br />the del....nc.. of th. obUpdolla. repre.ented by ehe Boacl., th.t 18 to NY..
<br />thac. if th.. balaceac in, che d.bt.ernc.. fund are- iIlvuced ill ..cunei..
<br />autbor1aed by: IUllIluotaScatut.., Chapt.r 475 (Act) th.n w1l1 be fullda 1n
<br />tbe Debt S."ice at the C1M. alld'in the aaoUllC., Il.C....ry to provide for
<br />th. proapt ad full payaellt of the principal of aDdintere.C OR" the BODd.;
<br />a. the.... bac~ due ad to _.t tbe r.quir...." of the Act.
<br />
<br />1.03. It a futtber dee.milled tbat it 18 111 the b..t illt.r..c. of
<br />he- .0UIld' fillancial _a.....t of the City that the obl1latioDa. repr...nt.d.'
<br />by the BoJul. 'be d.f....d ad paid.
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