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<br />rNITED STATES OF AMERICA
<br />STATE OF MINNESOTA
<br />COUNTY OF RAMSEY
<br />CITY OF ROSEVILLE
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<br />GENERAL OBLIGATION EQUIPMENT CERTIFICATE OF 1991
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<br />The City of Roseville, Minnesota, a duly organized and existing
<br />municipal corporation in Ramsey County, Minnesota (City), acknowledges
<br />itself to be indebted and for value received promises ,to pay to City of
<br />Roseville Debt Service Fund 505, $250,000 on March 1, ,L992, with interest
<br />thereon from the date hereof at the annual rate of}. 39%, payable at
<br />maturity. The interest hereon and, upon presentation and surrender hereof,
<br />the principal hereof are payable in lawful money of the United States of
<br />America by check or draft by the City Finance Officer, Roseville,
<br />Minnesota, as Note Registrar. For the prompt and full payment of such
<br />principal and interest as the same respectively become due, the full faith
<br />and credit and taxing powers of the City have been and are hereby
<br />irrevocably pledged.
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<br />The City may elect to prepay the Certificate in whole or in part on
<br />any day..
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<br />This Certificate is issued pursuant to a resolution adopted by the
<br />City Council on March 11, 1991 (the Resolution), for the purpose of
<br />providing money to defray expenses incurred or to be incurred in purchasing
<br />various items of capital equipment, pursuant to and in full conformity with
<br />~hr1c' Constitution and laws of the State of Minnesota, including Minnesota
<br />Statutes, Section 412.301 and the principal hereof and interest hereon are
<br />payable primarily from ad valo=Q~ tax~s, as set forth in the Resolution to
<br />wM ch refe~eu::.~ ~.S made for a !'1'~ I. co atement of rights and powers therel-v
<br />._" )nfp'~ ~e¿ ";'~,',r~ , 1 fai":~ aD' j# of the City are irrevocably pledg'" ~
<br />:,¡¡ ~ - ,'1;:. at" 1;Õ "'-tit...ca' ,1e City Cot1ncil has obligated i.tse:I.f
<br />to l~·.') ad1:!..tional all vaL;¡:,~m . all taxable property in the City in
<br />the event of any deficiency, which tóxes may be levied without limitation
<br />as to rate or amount.
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<br />Jl IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts,
<br />conditions and things required by the Constitution and laws of the State of
<br />Minnesota to be done, to exist, to happen and to be performed preliminary
<br />to and in the issuance of this Certificate in order to make it a valid and
<br />binding general obligation of the City in accordance with its terms, have
<br />been done, do exist, have happened and have been performed as so required,
<br />and that the issuance of this Certificate does not cause the indebtedness
<br />of the City to exceed any constitutional or statutory limitation of
<br />indebtedness.
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