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1 <br />1 <br />131 <br />BBUD(; I9: c <br />October 7, 1985 <br />Page Nine <br />years from the date of issuance. Interest to be paid <br />biannually. <br />3. That the full faith, credit and taxing powers of the <br />City of Lino Lakes are hereby pledged, and that the Lino <br />Lakes City Council authorized a tax levy to pay this prin- <br />cipal and interest on said Certificate of Indebtedness <br />with at least five (5%) percent excess on the tax levy <br />as per M.S.A. 475.61. <br />4. That said principal shall be paid as follows: on <br />the first day of December, 1986 and on every December <br />first thereafter until fully paid. <br />5. That the Lino Lakes City Clerk- Treasurer is author- <br />ized and directed to file with the Anoka County Auditor <br />a certified copy of this Resolution regarding the oblig- <br />ations concerning said Certificate as per M.S.A. 475.61. <br />Dated this 7th day of October, 1985. <br />ATTEST: <br />Marilyn G. Anderson, Clerk- Treasurer <br />CITY SEAL <br />