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03-23-2015 EDA Packet
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03-23-2015 EDA Packet
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EDA
EDA Document Type
EDA Packet
Meeting Date
03/23/2015
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<br />EXHIBIT B <br /> <br />FORM OF BOND <br /> <br />No. R-_____ $________ <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />LINO LAKES ECONOMIC DEVELOPMENT AUTHORITY <br /> <br />LEASE REVENUE BOND <br />SERIES 2014A <br /> <br /> <br />Rate <br /> <br />Maturity <br />Date of <br />Original Issue <br /> <br />CUSIP <br /> <br /> ______ 1, 20__ _______, 2015 <br /> <br />Registered Owner: Cede & Co. <br /> <br />Principal Amount: DOLLARS <br /> <br /> The Lino Lakes Economic Development Authority, Anoka County, a public body corporate and <br />politic and political subdivision of the State of Minnesota (the “Authority”), for value received, hereby <br />promises to pay, but solely from the sources hereinafter described, to the Registered Owner specified above <br />or registered assigns, the principal amount set forth above on the Maturity date specified above, upon the <br />presentation and surrender hereof, and to pay to the Registered Owner hereof interest on such principal <br />amount from such sources at the interest rate specified above from the Date of Original Issue set forth above, <br />or the most recent interest payment date to which interest has been paid or duly provided for as specified <br />below, on _________ 1 and _________ 1 of each year, commencing _________ 1, 20___, until said principal <br />amount is paid. Principal and the redemption price are payable in lawful money of the United States of <br />America at the office of U.S. Bank National Association, Saint Paul, Minnesota, or of its successor, as Bond <br />Registrar. Interest shall be paid on each interest payment date by check or draft mailed to the person in <br />whose name this Bond is registered at the close of business on the fifteenth (15th) day of the month <br />immediately preceding such interest payment date (whether or not a business day) at the Registered Owner’s <br />address set forth on the registration records maintained by the Bond Registrar. Upon written request to the <br />Bond Registrar, delivered at least fifteen (15) days prior to an interest payment date by a registered Owner of <br />$500,000 or more in aggregate original principal amount of the Bonds, payment of interest may be made by <br />wire transfer to such Registered Owner. Any such interest not punctually paid or provided for will cease to <br />be payable on such regular record dates and such defaulted interest may be paid to the person in whose name <br />this Bond is registered at the close of business on a special record date for the payment of such defaulted <br />interest established by the Bond Registrar. <br /> <br /> It is hereby certified and recited and the Authority has found that all acts, conditions and things <br />required to be done precedent to and in the issuance of this Bond and the series of which it is a part have been <br />properly done, have happened and have been performed in regular and due time, form and manner as <br />required by law, and that this Bond and the series of which it is a part does not constitute a debt of the <br />Authority within the meaning of any constitutional or statutory limitation. <br /> <br />B-1 <br />458639v1 JAE LN140-112
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