Laserfiche WebLink
<br />Sec. 2. <br /> <br />Issuance and Sale of Certificates. <br /> <br />2.01. The Certificates will be issued by the City and <br />purchased by the Fund. The Certificates will be in the form of a <br />single typewritten Certificate and will mature, bear interest and <br />be subject to redemption and prepayment as provided in the <br />following form of Certificate: <br /> <br />(Form of Certificate) <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ROSEVILLE <br /> <br />GENERAL OBLIGATION EQUIPMENT CERTIFICATE, SERIES 1993 <br /> <br />The City of Roseville, Minnesota, a duly organized and <br />existing municipal corporation in Ramsey County, Minnesota (City), <br />acknowledges itself to be indebted and for value received promises <br />to pay to City of Roseville Debt Service Fund 505, the sum of <br />$250,000 on March 1, 1994, with interest thereon from the date <br />hereof at the annual rate of 7.00%, payable at maturity. The <br />interest hereon and, upon presentation and surrender hereof, the <br />principal hereof are payable in lawful money of the United States <br />of America by check or draft by the City Finance Officer, <br />Roseville, Minnesota, as Certificate Registrar. For the prompt and <br />full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing <br />powers of the City have been and are hereby irrevocably pledged. <br /> <br />The City may elect to prepay the Certificate in whole or in <br />part on any day. <br /> <br />The Certificate is issued pursuant to a resolution adopted by <br />the City Council on June 29, 1993 (Resolution) for the purpose of <br />providing money to defray expenses incurred or to be incurred in <br />purchasing various items of capital equipment, pursuant to and in <br />full conformity with the Constitution and laws of the State of <br />Minnesota, including Minnesota Statutes, Section 412.301, and the <br />principal hereof and interest hereon are payable from ad valorem <br />taxes, as set forth in the Resolution to which reference is made <br />for a full statement of rights and powers thereby conferred. The <br />full faith and credit of the City are irrevocably pledged for <br />paYment of this Certificate and the City Council has obligated <br />itself to levy additional ad valorem taxes on all taxable property <br />in the City in the event of any deficiency, which taxes may be <br />levied without limitation as to rate or amount. <br /> <br />IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that <br />all acts, conditions and things required by the Constitution and <br />laws of the State of Minnesota to be done, to exist, to happen and <br />to be performed preliminary to and in the issuance of this <br />Certificate in order to make it a valid and binding general <br /> <br />DJK53805 <br />RS200-12 <br /> <br />2 <br />