Laserfiche WebLink
ing form: <br />Such certificate shall be in substantially the follow- <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF LINO LAKES <br />No. R -1 $ 78,000.00 <br />Equipment <br />Certificate of Indebtedness <br />KNOW ALL MEN BY THESE PRESENTS That the City of Lino <br />Lakes, Anoka County, Minnesota, acknowledges itself to be <br />indebted and for value received hereby promises to pay to <br />Centennial Bank, Circle Pines, Minnesota or registered assigns, <br />with option of prior payment, the principal sum of SEVENTY -EIGHT <br />• THOUSAND DOLLARS on the 1st day of November, 1988, in such coin <br />or currency of the United States of America as at the time of <br />payment shall be legal tender for the payment of debts due the <br />United States of America and to pay interest on said principal <br />sum from time to time remaining unpaid in such coin or currency <br />at the rate of six and three- quarters (6.75 %) per cent per annum <br />from the date hereof until the principal sum is paid, interest <br />to maturity payable on May 1, 1988 and November 1, 1988. <br />Principal and interest on this certificate is payable at the <br />office of the City Clerk - Treasurer in the City of Lino Lakes, <br />Minnesota. <br />Payments of installments of principal and the interest <br />due thereon shall discharge the City of the obligation hereon to <br />the extent of the payment made. Annual payments regardless of <br />when made, shall be applied first to the interest computed to <br />-2- <br />