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1998 <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />VILLAGE OF FALCON HEIGHTS <br />GENERAL OBLIGATION REFUNDING SEWER IMPROVEMENT BOND OF 1863 <br />No. $1,000.00 <br />KNOW ALL MEN BY THESE PRESENTS, that the Village of Falcon <br />Heights, Ramsey County, Minnesota, certifies that it is indebted <br />and for value received promises to pay to bearer the sum of <br />ONE THOUSAND DOLLARS <br />on the first day of October, 19 , and to pay interest thereon <br />from the date hereof until the principal is paid at the rate of <br />three and twenty hundredths per cent (3.20) per annum, said in- <br />terest being payable April 1, 1964 and semi-annually thereafter <br />on the first day of October and the first day of April in each <br />year, plus additional interest, represented by a separate set of <br />interest coupons at the rate of two and forty hundredths per cent <br />(2.40) per annum, from November 1, 1863 to October 1, 1864, pay- <br />able October 1, 1964, in accordance with and upon presentation <br />and surrender of the interest coupons hereto attached, which are <br />in two sets, one representing interest from the date hereof to <br />maturity at the rate of three and twenty hundredths per cent <br />(3.20) per annum on the other representing additional interest <br />at the rate of two and forty hundredths per cent (2.406) per annum <br />for the period November 1, 1863 to October 1, 1864. Both principal <br />and interest are payable at The American National Bank of Saint <br />Paul,. St. Paul, Minnesota, in any coin or currency of the United <br />States of America, which on the date of payment is legal tender <br />for public and private-debts. <br />All bonds maturing in the years 1969 to 1974, both inclusive, <br />(numbered 226 to 525, both inclusive), are subject to redemption <br />and prior payment at the option of the Village in inverse order <br />of their serial numbers on October 1, 1968 and on any interest pay- <br />ment date thereafter at par and accrued interest, plus a premium <br />of $30.00. At least thirty days prior notice of redemption shall <br />in each case be given to the bank where said bonds are payable and <br />to the last known holder. Holders desiring to receive such notice <br />must register their names, addresses, and bond numbers with the <br />Village Clerk. <br />This bond is one of an issue in the total principal amount <br />of $525,000, all of like date and tenor, except as to maturity, <br />interest rate, and redemption privilege, which bond has been issued <br />pursuant to and in full conformity with the Constitution and laws <br />-3- <br />