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7/17/2007 9:06:51 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
381
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<br />thereof to the bank at which principal and interest are then payable and to the <br />hOlder, if known, of each bond to be prepaid, and said Treasurer shall maintain a <br />record of the names and addresses of the holders of prepayable bonds of said issue, <br />so far as such information is made available to him, for the purpose of mailing <br />said notices. The bonds shall bear interest at the basic annual interest rates <br />from date of issue until paid or duly called for redemption, plus interest at addi- <br />tional rates, represented by separate liB" coupons, for the period from November 1, <br />1960 to October 1, 1961. All interest shall be payable October 1, 1961, and semi- <br />annually thereafter on April 1 and October 1 in each year, and the basic and ad- <br />ditional rates applicable to the bonds of the several maturities shall be as follows: <br />Basic Additional <br />Interest Rate Interest Rate <br />3.50% 2.hO% <br />3.70% 2.20% <br />4.00% 2.00% <br /> <br />Maturity Years <br />1961 through 1967 <br />1968 through 1970 <br />1971 through 1980 <br /> <br />Serial Numbers <br />1 through 350 <br />351 through 500 <br />501 through 1000 <br /> <br />The principal of and interest on the bonds are payable at the American National <br />Bank of Saint Paul, in St. Paul, Minnesota, and the Village hereby agrees to pay <br />the reasonable and customary charges of$id paying agent for the receipt and dis- <br />bursement thereof. <br /> <br />3. Said improvement bonds shall be in substantially the followin~ form: <br /> <br />UNITED STATES OF A T1EPI CA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br /> <br />VILLAGE OF ROSEVILLE <br /> <br />SANITARY SEWER IMPROVEI1ENT BOND <br />SER.IES H <br /> <br />$1,000. <br /> <br />No. <br /> <br />KNOW ALL MEN BY THESE PRESENTS that the Village of Ros~rille, a duly organized <br />municipal corporation of Ramsey County, Minnesota, acknowledges itself to be in- <br />debted and for value received promises to pay to bearer the sum of ONE TH01BAND <br />DOLLARS on the 1st day of October, 19___, or, if this bond is prepayable as stated <br />below, on a date prior thereto on which it shall h~re been duly called for redemp- <br />tion, and to pay interest thereon at the rate of per cent <br />( %) per annum from the date hereof until paid or until this bond, if prel <br />payable, has been duly called for redemption, plus additional interest on said <br />principal sum at the rate of per cent ( %) per annum <br />from , 19 to , 19 . Said inter- <br />est is payable October 1, 1961,-and semiannually thereafter on April 1 and October <br />1 in each year, interest to maturity being payable in accordance with and upon <br />presentation and surrender of the interest coupons appurtenant hereto, consisting <br />of one set of coupons representing interest from date of issue to maturity at the <br />basic rate states. above, and a separate set designated as liB" coupons, representing <br />interest at the additional rate and for the limited period stated above. Both <br />principal aDd interest at the , in <br />, in any coin or currency of the United States of America <br />which on the respective dates of payment is legal tneder for private and nublic <br />debts. For the prompt and full payment of such principal and interest a.s the same <br />~ecome due the full faith, credit and taxing powers of the Village are hereby <br />lrrevocably pledged. <br />
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