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7/17/2007 9:05:31 AM
Creation date
4/23/2005 4:19:01 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
1492a
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<br />All of the bonds shall bear additional interest at the rate of1.80 % per annum, <br />represented by separa.te "B" coupons, from May 1 , 1966,; to <br />April 1 , 1967. The interest shall be payable an October 1, 1966, <br />and semiannually thereafter on the first day of April and the first day of <br />October of each year. Bonds of this issue maturing in the years 1967 through <br />1975 shall not be subject to prior redemption. Bonds of this issue having <br />stated maturity dates in the years 1976 through 1984 shall each be subject to <br />redemption and prepayment at the option of the Villa.ge in inverse order of <br />serial numbers an April 1, 1971 and any interest payment date thereafter, at <br />par s,11.d accrued interest plus a premium. of 210 of par if redeemed on or before <br />October 1, 1975, or at par and accrued interest without premium if redeemed on <br />or after April 1, 1976. The Village Treasurer and his successors in office are <br />hereby authorized and directed to maintain a record of the names and addresses <br />of holders of redeemable bonds so far as such information is mac.e available to <br />them, and at least thirty days before the date specified for redemption and pre- <br />payment, to mail notice of such redemption to the bank at which principal and <br />interest are then payable and to the holder of such bonds, if his name and <br />address are known. The principal of and interest on sa:id bonds fpal1 b~ payable <br />at The Northwestern National Bank of MoiR. M.1nneapo ~s, M~nnEfsota <br />r , , <br />and the Village agrees tOIBY the reasonable charges of said paying agent. <br /> <br />3. Sa.id bonds and the interest coupons to be attached thereto, and the <br />legal opinion certificate appearing on the reverse side thereof, shall be in <br />substantially the following form: <br />
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