res_1530 - Laserfiche WebLink

Home

the date specified tor prepayment and redemption of' any of the bonds, the Treasurer shall mall notice of' the call thereof to the bank at which principal and interest are then payable and to the holder, if knam, of each bond to be prepaid. The Treasurer and his successors in office shall maintain a record of the names and addresses of the holders of prepayable bonds of the issue, so far as such information is made available to them, for the purpose of mailing such notices. The bonds maturing in the years set forth below and bearing the serial numbers set forth opposite such maturity years, shall bear interest from. date of issue until paid or until provision for such payment has been made by deposit with the paying agent at maturity or upon prior call for redemption at the respective annual rates set forth opposite such maturity years and serial numbers: Maturity Years Serial Numbers Interest Rates 1967 1968 1 - 59 3.60% 1969 - 1972 60 163 3.. 70% 1973 - 1978 164 253 3..80% 1979 1981 254 - 298 3..90% 1982 - 1987 299 - 388 4.00% Each and all of the bonds shall bear additional interest at the rate of 2 % per annum from. July 22 ,1966 to June 1 , 196'4 Interest shall be payable June 1, 1967, and semiannually thereafter on December 1 and June 1 in each year; and interest to maturity shall be represented by tvro sets of interest coupons appurtenant to each bond, one set representing interest at the basic rate from. date of issue to maturity, and the other set, designated as a "B" coupon, representing the additional interest payable for the limited period stated above. The principal of' and interest on the bonds shaJ.1 be payable at American National Bank and Trust Company , in St.. Paul , Minn.. and the Village hereby agrees to pay the reasonable and CWltanary. o~ges o:f the paying agerrt for the receipt and disbursement thereof'. 3. The bonds and the appurtenant interest coupons and the legaJ. opinion certificate appearing on the reverse side of each bond, shall be in substantially the following form: -6-