Laserfiche WebLink
<br />such Bond of a denomination of more than $5,000 shall be redeemed <br />as shall equal $5,000 for each number assigned to it and so <br />selected. If a Bond is to be redeemed only in part, it shall be <br />surrendered to the Bond Registrar (with, if the Issuer or Bond <br />Registrar so requires, a written instrument of transfer in form <br />satisfactory to the Issuer and Bond Registrar duly executed by <br />the Holder thereof or his, her or its attorney duly authorized in <br />writing) and the Issuer shall execute (if necessary) and the Bond <br />Registrar shall authenticate and deliver to the Holder of such <br />Bond, without service charge, a new Bond or Bonds of the same <br />series having the same stated maturity and interest rate and of <br />any authorized denomination or denominations, as requested by <br />such Holder, in aggregate principal amount equal to and in <br />exchange for the unredeemed portion of the principal of the Bond <br />so surrendered. <br /> <br />Issuance: Purpose: General Obliaation. This Bond is <br />one of an issue in the total principal amount of $2,200,000, all <br />of like date of original issue and tenor, except as to number, <br />maturity, interest rate, denomination and redemption privilege, <br />which Bond has been issued pursuant to and in full conformity <br />with the Constitution and laws of the state of Minnesota and <br />pursuant to a resolution adopted by the City Council of the <br />Issuer on January 27, 1992 (the "Resolution"), for the purpose of <br />providing money to finance the construction of various <br />improvements within the jurisdiction of the Issuer. This Bond is <br />payable out of the General Obligation Improvement Bonds, Series <br />18 Fund of the Issuer. This Bond constitutes a general <br />obligation of the Issuer, and to provide moneys for the prompt <br />and full payment of its principal, premium, if any, and interest <br />when the same become due, the full faith and credit and taxing <br />powers of the Issuer have been and are hereby irrevocably <br />pledged. <br /> <br />Denominations: Exchanae: Resolution. The Bonds are <br />issuable solely as fully registered bonds in the denominations of <br />$5,000 and integral multiples thereof of a single maturity and <br />are exchangeable for fully registered Bonds of other authorized <br />denominations in equal aggregate principal amounts at the <br />principal office of the Bond Registrar, but only in the manner <br />and subject to the limitations provided in the Resolution. <br />Reference is hereby made to the Resolution for a description of <br />the rights and duties of the Bond Registrar. copies of the <br />Resolution are on file in the principal office of the Bond <br />Registrar. <br /> <br />Transfer. This Bond is transferable by the Holder in <br />person or by his, her or its attorney duly authorized in writing <br />at the principal office of the Bond Registrar upon presentation <br /> <br />26250 <br /> <br />27 <br />