|
<br />1488
<br />.This bond is one of a series in the total principal amount
<br />of $b8,000, all of like date and tenor, except as to serial number,
<br />maturity, interest rate and redemption privilege, issued b.y said Village
<br />for the purpose of defraying expenses incurred and to be incurred in the
<br />construction of a watermain extension for the Village, which improvement
<br />has heretofore been designated as Watermain Improvement Of 1960, No. 1,
<br />and is issued pursuant to and in full conformity with the Constitution
<br />and the laws of the State of Minnesota. This bond is payable primarily
<br />from the ~atermain Improvement ®f 1960, No. L Fund, but the Council is
<br />required to pay the principal and interest thereof out of any funds in
<br />the treasury in the event that the monies on hand in said fund are at
<br />any time insufficient to meet the payment of maturing principal and
<br />interest.
<br />IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED That
<br />all acts, conditions and things required by the Constitution and laws
<br />of the State of Minnesota to be done, to exist, to happen and to be
<br />performed preliminary to and in the issuance of this bond in order to
<br />make it a valid and binding general obligation of said Village according
<br />to its terms have been done, do exist, have happened and have been
<br />performed as ~o required; that the Village has duly determined the
<br />necessity and contracted for the construction of said improvement; that
<br />the ~niatermain Improvement Of 1860, No, 1. Fund has been duly created
<br />and provision made for the support thereof b.y ad valorem taxes heretofore
<br />levied and special assessments to be levied for the .years and in aggre-
<br />gate amounts not less than five percent in excess of sums sufficient to
<br />pay the interest thereon and the principal hereof, as they respectively
<br />become due, and additional taxes, if needed for said purpose, may be
<br />levied upon all taxable property in the Village, without limitation as
<br />to rate or amount; and that the issuance of this bond did not cause the
<br />indebtedness of said Village to exceed any constitutional or statutory
<br />limitation.
<br />IN 1~TITNESS TnTHEREOF, The Village o~f Falcon Heights, Ramsey
<br />County, Minnesota, b.y its Village Council, has caused this bond to be
<br />executed in its behalf by the signature of its Mayor, attested b.y the
<br />Village Clerk, and sealed with its official seal, and the interest
<br />coupons appurtenant hereto to be executed and authenticated ~y the
<br />facsimile signatures of said officers, and has caused this bond to be
<br />dated as of September 1, 19b0.
<br />Attest:
<br />Vil age Clerk P~iayor
<br />No.
<br />(Form of Coupon)
<br />,,
<br />$
<br />On the 1st day of September (March), 19 , the Village of
<br />Falcon Heights, Ramsey County, Minnesota, will pay to bearer at the
<br />American National Bank, St. Paul, Minnesota, the sum of
<br />DOLLARS lawful money of the United States of
<br />America far interes then due on its Watermain Improvement Of 1960, No. 1,
<br />Bond, dated September 1, 1960. No.
<br />Facsimi e Signa ure
<br />Faesimale ~i~naturel _ ~ _ Mayor
<br />
|