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Last modified
2/17/2016 12:01:22 PM
Creation date
2/9/2016 11:56:05 AM
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Template:
Planning Files
Planning Files - Planning File #
18
Planning Files - Type
Planning-Other
Project Name
Rose of Sharon
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i. �Vhat ki!i�l � i���n;i .� ��,�� i, �� , <br />The bon fii•st income bond of the Assembly Homes, esota non-profit <br />corporati�ue is limited to an aggregate principal am of Two Hundred <br />Thousand Dollars (S200,000) secured by the guaranteed income of nursing homes <br />operated. <br />2. Are thcri� �li(f��r��nt �i��nomin,�t�<�n� u( hr�n�ls`' <br />Yes, �100, 5250, S700, 51,000. Ptu•chascs may be made in any multiple oE these <br />denominatio�is. <br />3. Hoµ� much int��r� �� �,��i!! t}���� l,�>nrl� }r.i��° <br />The bonds pay G'; simple interest per year and can be collected in six-month <br />intervais. <br />4. Flotv is th�� :rit� i� :<t f�;����•� <br />By coupons attached to the bonds. By presenting the coupons to the bank on due <br />dates interest will Ue paid as though the coupon were a check drawn on Assembly <br />Homes. <br />5. Is it t�hsoluti l�� ii� ���> �;�r�: ;��r thc� inicr��st to l�c c�oll��ctc�ri c�•c�r�' six months? <br />No. Interest coupons may be left on the bonds until they mature and then cashed. <br />However, when this is done the interest does not compound; it remains simple <br />interest. <br />6. Can a i�onclholdrr cush thc hon:l hc�lorc it is clu��'' <br />No. However, thc hond is nc�;otiablc and may be sold to someone else or used as <br />security for a loan. In hai•dship circumstances Assembly Homes will make every <br />effort to redeem the 6ond or help resell it. <br />7. How is thc tnoncy to rc�tire thc�c V�oncls pro��icicci? <br />From the income of Assembly Homes. Each month sufficient money is deposited in <br />a reserve fund administered by Glenwood State Bank, Glenwood, Minnesota, guar- <br />anteeing payment of principal and interesl as it becomes due. <br />8. Who is responsil>lc for the s�(c-keepin�; of my honiis? <br />You are! However, if you should lose your bond or if it is destroyed, notify <br />Assembliy Homes immediately in oi•dci• tliat payment at the bank may be stopped <br />and arrangements made for its replacement. <br />;�.;�.�—,•:�.-•.�� <br />� k�l c �I � � ; k'`al � t`i <br />�, � - � � �_ : -l�> � ..i� ; <br />�� <br />'Z�� �� J�_ � f1.' <br />� C ''I <br />__� F� � M.,� h� � ��f1 . <br />. �w�cci..... <br />•i <br />�-'!� ��i'�� <br />
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