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7/17/2007 9:09:22 AM
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4/23/2005 5:25:49 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
786
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<br />(Form of Coupon) <br /> <br />No. <br /> <br />$ <br /> <br />On the 1st day of July (January), 19 ,the Village of Roseville., Ramsey <br />County, Minnesota, will pay to bearer at <br />, in <br />shown hereon in lawful money of the United States <br />on its Sanitary Sewer Improvement Bond, Series I, <br /> <br />, the amount <br />of America for interest then due <br />dated July l, 1963, No. <br /> <br />(Facsimile signature) <br />Village Clerk <br /> <br />(Facsimile signature) <br />Mayor <br /> <br />(Coupons numbered 10 and upwards, attached to bonds numbered <br />and upwards, shall also include the phrase: "Unless the bond de- <br />scribed below is called for earlier redemption".) <br /> <br />(Form of certificate to be printed on the reverse side of each <br />bond, following a full copy of the legal opinion on the issue) <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 />which includes the within bond, dated as of the date of delivery of and payment for <br />the bonds. <br /> <br />(Facsimile signature) <br />Village Clerk <br /> <br />(Facsimile signature) <br />Mayor <br /> <br />3. '!he bonds shall be prepared under the direction of the Village Clerk <br />and shall be executed on behalf of the Village by the signature of the Mayor, coun- <br />tersigned by the Village Clerk, and a facsimile of the corporate seal of the Village <br />shall be printed thereon, and the appurtenant interest coupons shall be executed and <br />authenticated by the printed, engraved or lithographed facsimile signatures of the <br />Mayor and Clerk. When the bonds have been so executed and authenticated, they shall <br />be delivered by the Treasurer to the purchaser thereof, upon payment of the purchase <br />price heretofore agreed upon and the purchaser shall not be obliged to see to the <br />application thereof; but the proceeds shall be credited to the fund heretofore <br />created for Sanitary Sewer Improvement No. 4 and used solely for the payment of costs <br />incurred and to be incurred in the construction of that improvement until paid in <br />full, including all interest to accrue and all principal, if any, which shall become <br />due on the bonds before the completion and acceptance of said improvement.. 'Ihisfund <br />shall also be credited with all collections of the taxes and special assessments to <br />be levied as herein provided, before the completion of said improvement and the pay- <br />ment of the cost thereof. Thereafter, said improvement fund Shall be discontinued, <br />and any sum remaining therein and all subsequent collections of said taxes and <br />assessments shall be paid as received into the sinking fund referred to below. <br /> <br />4. The Village has by resolution adopted June 26, 1956, created its Sani- <br />tary Sewer Improvement Bond Sinking Fund, for the payment of principal and interest <br />on bonds issued to finance sanitary sewer iJn;provements under the provisions of <br /> <br />-~:J- <br />
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