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7/17/2007 9:06:10 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
1857
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<br />(Coupons numbered 20 and up shall bear the phrase: "Unless <br />the bond described below is called for earlier redemption".) <br /> <br />(Form of certificate to follow legal opinion on back of bonds) <br /> <br />We certify that the above is a full, true and correct copy of the legal <br />opinion rendered by bond counsel on the issue of bonds of the Village of Roseville, <br />Minnesota, which includes the within bond, dated as of the date of delivery of and <br />payment for the bonds. <br /> <br />(Facsimile signature) <br />Village Clerk <br /> <br />(Facsimile signature) <br />Mayor <br /> <br />3. Said bonds shall be prepared under the direction of the Village Clerk <br />and when so prepared shall be executed in behalf o~ the Village by the signature of <br />the Mayor, attested by the Village Clerk, and sealed with the corporate seal of the <br />Village, and the interest coupons and legal opinion certificate shall be executed <br />and authenticated by the printed, engraved or lithographed facsimile signatures of <br />the Mayor and Clerk. When said bonds have been so executed and authenticated, they <br />shall be delivered by the Village Treasurer to the purchaser on receipt of the pur- <br />chase price heretofore agreed upon, and said purchaser shall not be required to see <br />to the application thereof. <br /> <br />4. There is hereby created a separate sinking fund for said Golf Course <br />Bonds, which fund shall be kept by the Treasurer apart from all other funds of the <br />Village and used for no purpose other than payment of principal and interest on said <br />bonds, provided, that if any payment of principal and interest shall become due when <br />there is not sufficient money in said fund therefor, the Treasurer shall pay the <br />same from the general fund of the Village, and said general fund shall be reimbursed <br />for such advances out of the proceeds of all taxes levied pursuant to this resolu- <br />tion and all other moneys received for or appropriated to the payment of said bonds <br />and interest. <br /> <br />5. For the prompt and full payment of the principal and interest on said <br />bonds as the same respectively become duet the full faith, credit and taxing powers <br />of the Village shall be and are hereby irrevocably pledged. To provide moneys for <br />the payment thereof. there is hereby levied upon all of the taxable property in the <br />Village, a direct, annual, ad valorem tax which shall be spread upon the tax rolls <br />for the years and in the amounts as follo'Ws, and collected with and as a part of <br />other general taxes of the Village in the respective ensuing years: <br /> <br />Year Amount Year Amount Year Amount <br /> --- <br />1167 $27,900 1975 $23,400 1982 $18,800 <br />1968 27,800 1976 22,700 1983 18,100 <br />1969 27,100 1971 22.100 1.4 11,500 <br />1970 26,500 1978 21,400 1185 16,800 <br />1971 25,900 1979 20,800 lM6 16,100 <br />1972 25,200 1980 20,100 <br />1973 24,600 1981 19,!OO <br />1974 24,000 <br /> -8- <br />
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