CC_Minutes_1967_0622 - Laserfiche WebLink

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Bonds of this series maturing in the years 1968 through 1977 are payable on their respective stated mat uri ty dates, without option of prior payment, but the bonds of this series maturing in the years 1978 through 1986 are each subject to re- demption and prepayment in inverse order of serial numbers, at the option of the Village, on July l, 1917, and any interest pa;yment date thereafter, at par and ac- crued interest. Not less than thirty days before the date fixed for the redemption of any of the bonds, the Treasurer will cause notice stating the amount, the serial numbers and maturities of the bonds called for redemption to be published in a financial periodical in a Minnesota city of the first class, and to be mailed to the owner of the bond, if known, and to the bank at which principal and interest are then payable; provided that notice of the call of any bond for redemption shall be effective upon publication without mailing. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to ex- ist, to happen and to be performed preliminary to and in the issuance of this bond in order to make ita valid and binding general obligation of said Village according to its terms, have been done, do exist, have happened and have been performed as so required; that said General Improvement Bond Sinking Fund has been duly created and provisions has been duly made for the support thereof by ad valorem taxes and spe- cial assessments to be levied upon property benefited by said improvements, col- lectible in the years and in aggregate amounts not less than 5% in excess of sums sufficient to pay when due the principal of and interest on all bonds p~able from said fund; that if necessar.y to p~ such principal and interest, additional ad valorem taxes are required by law to be levied upon all taxable property within the corporate limits of the Village, without limitation as to rate or amount; and that the issuance of this bond does not cause the indebtedness of the Village to exceed any constitutional or statutory l1mi tatioo of indebtedness. IN WITNESS WHEREOF, the Village of Roseville, Ramsey County, Minnesota, by its Village Council, has caused this bond to be executed..neaw.....-w ., the signature of the Mayor, attested by the Village Clerk, and sealed witr.(its corpor- ate seal, and the attached interest coupons and the certificate on the reverse side hereof to be executed and authenticated by the facsimile signatures of said Mayor and Clerk, all as of July l, 1961. Mayor Attest: Village Clerk -7-