Laserfiche WebLink
• CERTIFICATE OF AUTHENTICATION <br />This is one of the Bonds delivered pursuant to the <br />Resolution mentioned within. <br />AMERICAN NATIONAL BANK AND TRUST <br />COMPANY, as Bond Registrar <br />By <br />Authorized Representative <br />[Reverse of the Bonds] <br />This Bond is one of an issue in the aggregate <br />principal amount of $115,000 (the Bonds), issued pursuant to a <br />resolution adopted by the City Council on January 10, 1990 (the <br />Resolution), for the purpose of financing the costs of an <br />improvement in the City (the Improvement), and is issued <br />pursuant to and in full conformity with the provisions of the <br />the Constitution and laws of the State of Minnesota thereunto <br />enabling, including Minnesota Statutes, Chapters 429 and 475. <br />The Bonds are payable primarily from the 1990 Improvement Bond <br />Fund (the Fund) of the City. In .addition, for the full and <br />prompt payment of the principal and interest on the Bonds as <br />the same become due, the full faith, credit and taring power of <br />the City have been and are hereby irrevocably pledged. The <br />Bonds are issuable only as fully registered bonds in <br />denominations of $5,000 or any multiple thereof, of single <br />maturities. <br />Bonds maturing in the years 1992 through 1996 are <br />payable on their respective stated maturity dates without <br />option of prior payment, but Bonds having stated maturity dates <br />in 1997 and later years are each subject to redemption and <br />prepayment, at the option of the City and in whole or in part, <br />and if in part, in inverse order of maturities and in $5,000 <br />principal amounts selected by lot within a maturity, on <br />February 1, 1996 and on any interest payment date thereafter, <br />at a price equal to the principal amount thereof to be redeemed <br />plus accrued interest to the date of redemption. At least <br />thirty days prior to the date set for redemption of any Bond, <br />notice of the call for redemption will be mailed to the Bond <br />Registrar and to the registered owner of each fond to be <br />redeemed at his address appearing in the Bond Register, but no <br />defect in or failure to give such mailed notice of redemption <br />shall affect the validity of proceedings for the redemption of <br />any Bond. Upon the partial redemption of any Bond, a new Bond <br />or Bonds will be delivered to the registered owner without <br />charge, representing the remaining principal° amount outstanding. <br />-5- <br />