Laserfiche WebLink
1997 <br />~. The Village shall forthwith issue its negotiable coupon <br />eneral obligation bonds in the aggregate principal amount of <br />525,000, to be 525 in number and numbered consecutively from 1 to <br />525, both inclusive, in the denomination of $1,000 each, dated <br />October 1, 1863, and to bear interest from the date thereof until <br />the principal is paid at the rate of two and ninety hundredths per <br />cent (2.90/) per annum on all bonds maturing in the years 1964 to <br />1969, both inclusive, and at the rate of three and twenty hundredths <br />per cent (3.20/) per annum on all bonds maturing in the years 1970 <br />to 1974, both inclusive, ~ayable April 1, 1864, and semi-annually <br />thereafter on October 1 and April 1 in each year,? plus additional <br />interest on all bonds represented by a separate set of interest <br />coupons, at the rate of two and forty hundredths er cent (2.40f) <br />per annum from November 1, 1863 to October 1, 196, payable Octo- <br />ber 1, 1864. Said bonds shall be payable as to principal and in- <br />terest at The American National Bank of Saint Paul, St. Paul, <br />Minnesota, and shall mature serially on October 1, in the years <br />and amounts as follows: <br />40,000 in each of the years 1g64, 1868 and 1971; <br />45,000 in each of the years 1867, 1970, and 1972; <br />50,000 in each of the years 1965, 1966, 1969, and 1973; and <br />70,000 in the year 1874. <br />All bonds maturing in the years 1969 to 1974, both inclusive, <br />shall be subject to redemption and prior payment at the option of <br />the Village, in inverse order of their serial numbers on October 1, <br />1868, and on any interest payment date thereafter, at par and <br />accrued interest, plus a premium of $30.00. At least thirty days <br />prior notice of redemption shall in each case be given to the bank <br />where said bonds are payable, and to the last known holder. Hold- <br />ers desiring to receive such notice must register their names, <br />addresses, and bond numbers with the Village Clerk. <br />5. The bonds and interest coupons to be issued hereunder <br />shall be in substantially the following form: <br />'1 <br />1~ <br /> <br />-2- <br />