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become due, the full faith, credit and taxing powers of the Village are hereby irrevocably pledged. Bonds of this issue maturing October 1, 1978 and October 1, 1979 are subject to redemption and prior payment at the option of the Village in inverse order of their numbers, on October 1, 1862 and on any interest payment date thereafter. All other bonds of this issue maturing on October 1, 1970 and thereafter are subject to redemption and prior payment at the option of the Village, in inverse order of their numbers, on October 1, lg6g and on any interest pay- ment date thereafter. Bonds so redeemed shall be redeemed at par and accrued interest, plus a premium of $~+0. Thirty days prior notice of redemption shall in each case be given to the bank where said bonds are payable and to the last known holder. Holders desiring to receive such notice must register their names, addresses and bond numbers with the Village Clerk. This bond is one of a series in the total principal amount of $67,000, all of like date and tenor, except as to serial number, maturity, interest rate and redemption privilege, issued by said Village for the purpose of defraying expenses incurred and to be in- curred in the construction of a watermain extension and pumping sta- tion for the Village, which improvement has heretofore been designated as Larpenteur Avenue Watermain and Pumping Station Improvement, and is issued pursuant to and in full conformity with the Constitution and the laws of the State of Minnesota. This bond is payable primar- ily from the Larpenteur Avenue Watermain and Pumping Statibn:Improve- ment Fund, but the Council is required to pay the principal and inter- est thereof out of any funds in the treasury in the event that the monies on hand in said fund are at any time insufficient to meet the payment of maturing principal and interest. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED That all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed preliminary to and in the issuance of this bond in order to make it a valid and binding general obligation of said Village accord- ing to its terms have been done, do exist, have happened and have been performed as so required; that the Village has duly determined the necessity and contracted for the construction of said improvement; that the Larpenteur Avenue Watermain and Pumping Station Improvement Fund has been duly created and provision made for the support thereof by ad valorem taxes heretofore levied and special assessments to be levied for the years and in aggregate amounts not less than five percent in excess of sums sufficient to pay the interest thereon and the principal hereof,- as they respectively become due, and additional taxes, if needed - for said purpose, may be levied upon all taxable property in the Village, ~~~' without limitation as to rate or amount; and that the issuance of this