CC_Minutes_1967_0622 - Laserfiche WebLink

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Year Amount Rate Rate Amount Rate 1968 $40,000 ".M$, 1978 $50,000 4.1~ 1969 45,000 4.00K 1979 50,000 e.l_ 1970 45,000 4.~ 1980 50,000 e.10f' 1971 45,000 4.007& 1981 50,000 .. .2OtG. 1972 45,000 4.~ 1982 50,000 4.2OK 1973 45,000 4.00K 1983 50,000 4.2OJ' 1974 45,000 4.~ 1984 50,000 4.2. 1975 45,000 .. .00Jr. 1985 50,000 4.2. 1976 45,000 4.0C* 1986 50,000 4.2'" 1917 50,000 4.1C* All of the bonds shall bear additional interest at thEi. rate o:r1.50 % per annum, represented by a separate "B" coupon, from Aug_t 2, , 1967 to July l, 1968. The interest shall be payable July l, 1968, and semiannually thereafter on January 1 and July 1 in each year. Bonds maturing in the years 1968 through 1977 shall be payable on their respective stated maturity dates without option of prior payment, but bonds maturing in the years 1978 through 1986 shall each be subject to redemption and pre- payment at the option of the Village, in inverse order of serial numbers, on July 1, 1977, and any interest payment date thereafter, at par and accrued interest. Not less than thirty days before the date fixed for the redemption of any of the bonds, the Treasurer shall cause notice stating the amount, the serial numbers and maturi- ties of the bonds called for redemption to be published in a daily or weekly peri- odical published in a Minnesota city of the first class, which circulates throughout the State and furnishes financial news as a part of its service, and to be mailed to the bank at which principal and interest are then payable, and to be mailed to the owner of any bond called for redemption who has caused his name and address and the serial numbers of his bonds to be recorded in the office of the Treasurer; provided that failure to give such mailed notice shall not invalidate the call of any bonds for redemption. Interest shall cease to accrue on each bond at the date fixed for the redemption thereof', if notice of such redemption has been duly published as herein required and there is then on deposit with the paying agent a sum sufficient to pay such bonds and the accrued interest. The Village Treasurer is authorized and directed to maintain in his office a record of the names and addresses of the owners of redeemable bonds, and the serial numbers of such bonds held by them, insofar as such information is furnished to him, for the purpose of giving notice of redemption as above provided. The prinCipal of and interest on said bonds shall be payable at The FUae .'ioul 18ak of ..tat Pa\l1 in ac. Pa\l1, Jd.Da.... , and the Village agrees to pay the reasonable charges of said paying agent. 3. Said bonds and the interest coupons to be thereto attached shall be in substantially the following form: -5-