Laserfiche WebLink
<br />Section 3. Form of Bond. <br /> <br />3.01. The Bonds will be prepared in substantially the following form: <br /> <br />[Face of the Bond] <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ROSEVILLE <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 19 <br /> <br />Rate <br /> <br />Maturity <br /> <br />Da te of <br />Original Issue <br /> <br />CUSIP <br />778085 <br /> <br />February 11, 1993 <br /> <br />No. <br /> <br />$ <br /> <br />The City of Roseville, Minnesota, a duly organized and existing municipal <br />corporation in Ramsey County, Minnesota (City), acknowledges itself to be indebted <br />and for value received hereby promises to pay to <br /> <br />KRAY & CO. <br /> <br />or registered assigns, the principal sum of $ on the maturity date <br />specified above without option of prior payment, with interest thereon from the date <br />hereof at the annual rate specified above, payable March 1 and September 1 in each <br />year, commencing September 1, 1993, to the person in whose name this Bond is <br />registered at the close of business on the fifteenth day (whether or not a business <br />day) of the immediately preceding month. The interest hereon and, upon <br />presentation and surrender hereof, the principal hereof are payable in lawful money <br />of the United States of America by check or draft by the Finance Director of the City <br />of Roseville, Minnesota, as Bond Registrar, Paying Agent, Transfer Agent and <br />Authenticating Agent, or its designated successor under the Resolution described <br />herein. For the prompt and full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing powers of the City have <br />been and are hereby irrevocably pledged. <br /> <br />The City' may elect on March 1, 1999, and on any date thereafter, to prepay <br />Bonds of this issue maturing on or after March 1, 2000. Redemption may be in whole <br />or in part of the Bonds subject to prepayment. If redemption is in part, those Bonds <br />remaining unpaid which have the latest maturity date will be prepaid first. If only <br />part of the Bonds having a common maturity date are called for prepayment the <br />specific Bonds to be prepaid will be chosen by lot by the Registrar. All prepayments <br />shall be at a price of par plus accrued interest. <br /> <br />The City Council has designated the Bonds of which this bond is a part as <br />"qualified tax exempt obligations" within the meaning of Section 265(b)(3) of the <br />Internal Revenue Code of 1986, as amended (the Code) relating to disallowance of <br /> <br />RLD47466 <br />RS200-10 <br /> <br />6 <br />