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1999_0125_packet
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1999_0125_packet
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whatever name or names the Holder of the <br /> Bonds shall designate at that time, in <br /> accordance with paragraph 10 hereof. To the <br /> extent that the Beneficial Owners are <br /> designated as the transferee by the Holders, <br /> in accordance with paragraph 10 hereof, the <br /> Bends will be delivered to the Beneficial <br /> Owners. <br /> (iii) Nothing in this subparagraph (c) shall <br /> limit or restrict the provisions of <br /> paragraph 10 hereof. <br /> d Letter f pr senta s., The provisions in <br /> { � <br /> the Fetter of Representations are incorpora ted <br /> herein by reference and made a part of the <br /> resolution, and if and to the extent any such <br /> provisions are inconsistent with the other <br /> provisions of this resolution, the provisions in <br /> the Letter of Representations shall control, <br /> 3 * Purse. The Bonds shall provide funds to finance <br /> the Improvements. The total cost of the Improvements, <br /> which shall include all costs enumerated in Minnesota <br /> Statutes, section 475. 65, is estimated to be at least <br /> equal to the amount of the Bonds. Work on the <br /> Improvements shall proceed with due diligence to <br /> completion. The city covenants that it shall do all <br /> things and perform all acts required of it to assure <br /> that work on the Improvements proceeds with due <br /> diligence to completion and that any and all permits <br /> and studies required under law for the Improvements are <br /> obtained, <br /> 4* Interest, The Bonds shall wear interest payable <br /> semiannually on March 1 and September 1 of each year <br /> an "Interest Payment Date") , commencing <br /> (each, s of a 360-day <br /> September 1, 1999, calculated on the basis <br /> year of twelve 30--day months, at the respective rates <br /> per annum set forth opposite the maturity years as <br /> follows: <br /> Maturity Interest Maturity Interest <br /> year Rates Year — Ratg <br /> 2000 2008 <br /> 2001 2009 <br /> 2002 2010 <br /> 003 2011 <br /> 2004 2012 <br /> 2005 2013 <br /> 2006 2014 <br /> 2007 <br /> 5, Redemptign. All Bonds aturing in the years 2006 <br /> to 2014 both inclusive, shall be subject to redemption <br /> 1 006009.1 7 <br />
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