res_772 - Laserfiche WebLink

Home

UNITED STATES OF AMERl CA STATE OF MINNESOTA COUNTY OF RAMSEY VILLAGE OF ROSEVILLE WATER IMPROVEMENT BOND SERIES 3 No. $ 1.000 KNOW ALL MEN BY THESE PRESENTS that the Village of Roseville, a duly organized municipal corporation of Ramsey County, Minnesot.8, acknowledges itself to be indebted and for value received promises to pay to bearer t.hA sum of CIIa THOU- SAND DOLLARS on the 1st day of June, 19 ,or, if this bond is prepayable 8,G 8 t8, v:'i below, on a date prior thereto on which it shall have been duly called for redemp- tion, and to pay interest thereon at the rate of per cent ( 10) per annum from the date hereof until paid Oc until this bond, i.1 prepayable, has been duly called for redemption, and at the additional rate of per cent ( 10) per annum from, 19 to ,19 ; the interest being payable June 1, 1964.. and semiannually thereafter on December 1 and June 1 in each year, and interest to maturity being payable in accordance with and upon presentation and surrender of the intereB r, cou- pons appurtenant hereto, consisting of one set representing interest to maturity ~Jt. the basic rate applicable to this bond, and a separate set of "B" coupons repres~!nt- iog interest at the additional rate and for the limited period stated above. Both principal and interest are payable at The PUet: lfat.i.onal Bank oflai.nt: ,.,,1 ,in st. Paul, MiDD8M)t,a , ill any coin or currency of the United States of America which on the respective dates of payment is legal tender for private and public debts. For the prompt and fun pay- ment of such principal and interest as the same become due the full faith, credit and taxing powers of the Village are hereby irrevocably pledged. This bond is one of a series in the aggregate principal amount. ()f $1,250,000, all of like date and tenor except as to serial number, int.ererJl. rr.'c>) maturity and redemption privilege, and all issued by the Village for the purpoL" cJ defraying expenses incurred and to be incurred 1n the construction of Water ImprOVe- ment No. 62-1 of the Village of Rosevi1le, pursuant to and in full conformity with resolutions duly adopted by the Village Council and with the provisions of the Con- stitution and laws of the State of Minnesota thereunto enabling.. including MinnesotA. Statutes, Chapters 429 and 475. This bond is payable primarily from thp Water Im- provement Bond Sinking Fund of the Village, but the Council is required to pay the prinCipal and interest thereof out of any funds in the treasu.ry in the event that the moneys on hand in said fund are at any time insufficient to meet the payment of maturing principal and interest. Bonds of this series maturing in the years 196L\- through 19B are not sub- ject to redemption before maturity, but those maturing in the years 1974 through 1984 are each subject to redemption and prepayment at the option of the Village on ~rj_