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. a <br />obligations issued by Grantee to finance the expansion of Grantee's <br />natural gas system into Lino Lakes, shall be paid to the Village of <br />Lino Lakes except that no such payment shall be accrued or made until <br />Grantee shall have satisfied all losses heretofore incurred, including <br />the payment of ail wholesale gas bills, and until all principal, <br />interest, reserve and ether fuhd requirements shall be current on any <br />bonds or other obligations issued by the Village of Circle Pines in <br />whole or in part for gas purposes. <br />PASSED, ADOPTED AND APPROVED by the Village Council of the Village <br />of Lino Lakes, Minnesota, this 25th day of Larch , 1962. <br />Attest: <br />/s/ Henry Rosengren, Clerk <br />/s/ Arnold A. Kelling, Mayor <br />