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7/17/2007 8:33:49 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
8561
Resolution Title
Resolution awarding the sale of $2,000,000 General Obligation Improvement Bonds, Series 16, Fixing their form and specifications; directing their execution and delivery, and providing for their payment
Resolution Date Passed
3/14/1990
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<br />Additional provisions of this Bond are contained on the reverse hereof and <br />such provisions for all purposes have the same effect as though fully set forth in <br />this place. <br /> <br />This Bond is not be valid or obligatory for any purpose or entitled to any <br />security or benefit under the Resolution until the Certificate of Authentication <br />hereon has been executed by the Bond Registrar by manual signature of one of its <br />authorized representatives. <br /> <br />IN WITNESS WHEREOF, the City of Roseville, Ramsey County, :\1innesota. <br />by its City Council, has caused this Bond to be executed on its behalf by the <br />facsimile signatures of the Mayor and City Manager and has caused this Bond to be <br />dated as of the date set forth below. <br /> <br />Dated: <br /> <br />CITY OF ROSEVILLE, MINNESOTA <br /> <br />(facsimile) <br />City Manager <br /> <br />(facsi mile) <br />Mayor <br /> <br />CERTIFICATE OF REGISTRATION <br /> <br />(For use if Finance Director is the Registrar) <br /> <br />This Bond has been registered as to principal and interest in the name of the <br />Registered Owner specified above on the registration books of the City of <br />Roseville, Minnesota. <br /> <br />By <br /> <br />Bond Registrar <br /> <br />Reverse of the Bond <br /> <br />This Bond is one of an issue in the aggregate principal amount of $2,000,000 <br />all of like original issue date and tenor, except as to number, maturity date, <br />redemption privilege, and interest rate, all issued pursuant to a resolution adopted <br />by the City Council on March 14, 1990 (the Resolution), for the purpose of provid- <br />ing money to defray the expenses incurred and to be incurred in making local <br />improvements, pursuant to and in full conformity with the Constitution and laws of <br />the State of Minnesota, including Minnesota Statutes, Chapter 429, and the <br />principal hereof and interest hereon are payable primarily from special assessments <br />against property specially benefited by local improvements and ad valorem taxes, <br />as set forth in the Resolution to which reference is made for a full statement of <br />rights and powers thereby conferred. The full faith and credit of the City are <br />irrevocably pledged for payment of this Bond and the City Council has obligated <br />itself to levy additional ad valorem taxes on all taxable property in the City in the <br />event of any deficiency in special assessments and taxes pledged, which taxes may <br />be levied without limitation as to rate or amount. The Bonds of this series are <br />issued only as fully registered Bonds in denominations of $5,000 or any integral <br />multiple thereof of single maturities. <br />
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