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7/17/2007 9:09:09 AM
Creation date
4/23/2005 5:21:48 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
647
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<br />shall bear interest at the following respective rates from date of' issue until paid <br />or until provision for such payment has been made by deposit with the payir~ agent <br />at maturity or upon prior call for redemption: <br /> <br />Bonds maturing in the years 1963 through 1967 at2. 80% per annum <br />Bonds maturing in the years 1968 through 1971 at3.20% per annum <br />Bonds maturing in the years 1972 through 1975 at3.40% per annum <br />Bonds maturinr- in the years 1976 throup-h 1979 at 3.50% per annum <br />Bonds maturinr in the years 1980 throuf'h 1982 at 3.60% per annum <br /> <br />Each and all of the bonds shall bear additional interest at the rate of l.80% per <br />annum from .January 25, , 1963to November 1. , 1963. The interest shall <br />be payable November 1, 1963, and semiannually thereafter on May 1 and November 1 in <br />each year, and interest to maturity shall be represented by two sets of interest <br />coupons appurtenant to each bond, one representing interest at the basic rate from <br />date of issue to maturity and the other set, designated as "B" coupons, representing <br />the additional interest payable for the limited period stated above. The principal <br />of and interest on the bonds shall be payable at The American National Bank <br />of St. Paul ,in St. Paul. 1linn. <br />and the Village hereby agrees to pay the reasonable and customary charges of the <br />paying agent for the receipt and disbursement thereof. <br /> <br />3. The bonds and the appurtenant interest coupons shall be in substan- <br />tially the following form: <br /> <br />-6- <br />
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