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<br />77 in number and numbered consecutively from l to 77, both inclusive,
<br />dated April 1, 1866, to bear interest from the date thereof until the
<br />principal is paid at the rate of three and seventy-five hundredths
<br />per cent (3•?5~) per annum on all bonds, payable April 1, 1967, and
<br />semi-annually thereafter on October 1 and April 1 in each year, plus
<br />additional interest on all bonds, from June 1, 1966 to October 1, 1967
<br />at the rate of one and seventy-five hundredths per cent (1.750 per
<br />annum, payable April 1, 1867 and October 1, 1867. Said bonds shall
<br />be payable as to principal and interest at The American National Bank
<br />.and Trust Company in St. Paul, Minnesota, and shall mature serially
<br />on April 1 in the years and amounts as follows:
<br />7,000 in the year 1969; and
<br />10,000 in each of the years 1970 to 1976, both inclusive.
<br />All bonds maturing in the years 1972 to 1976, both inclusive (bonds
<br />numbered 28 to 77, both inclusive), shall be subject to redemption and
<br />prior payment at the option of the Village, in inverse order of serial
<br />numbers on April 1, 1971 and on any interest payment date thereafter,
<br />at par and accrued interest, plus a premium of $20.00. At least
<br />thirty days prior notice of redemption shall in each case be given to
<br />the bank where .said bonds are payable, to Juran & Moody, Inc., St.
<br />Paul, Minnesota, and to the last known holder. Holders desiring to
<br />receive such notice must register their names, addresses and bond
<br />numbers with the Village Clerk.
<br />2. The bonds and interest coupons to be issued hereunder
<br />shall be in substantially the following form:
<br />UNITED STATES OF AMERICA
<br />STATE OF MINNESOTA
<br />COUNTY OF RAMSEY
<br />VILLAGE OF FALCON HEIGHTS
<br />STORM SEWER IMPROVEMENT BOND OF 1966
<br />No.
<br />$1,000.00
<br />KNOW ALL MEN BY THESE PRESENTS that the Village of Falcon
<br />Heights, Ramsey County, Minnesota, acknowledges itself to be indebted
<br />and for value received promises to pay to bearer the sum of
<br />ONE THOUSAND DOLLARS
<br />on the first day of April, 19 , and to pay interest thereon from
<br />the date hereof until said principal sum is paid at the rate of three
<br />and seventy-five hundredths per cent (3.750 per annum, payable on
<br />April 1, 1967 and semi-annually thereafter on the first day of October
<br />and the first day of April in each year, plus additional interest at
<br />the rate of one and seventy-five hundredths per cent (1.750 per annum
<br />-Prom June 1, 1966 to October 1, 1967, payable April 1, 1967 and Octo-
<br />ber 1, 1867, in accordance with and upon presentation and surrender of
<br />the interest coupons hereto attached, which are in two sets, one
<br />representing interest at the rate of three and sevent.Y-five hundredths
<br />per cent (3.750 per mum from the date nerCOf to maturity and the
<br />other representing additional interest at the rate of one and seventy-
<br />five hundredths per cent (1.750 per annum from June 1, 1966 to Octo-
<br />ber 1, 1967. Both principal and interest are payable at The American
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