Resolution 2005-074 - Laserfiche WebLink

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No. R- UNITED STATES OF AMERICA STATE OF MINNESOTA CITY OF LAKE ELMO GENERAL OBLIGATION WATER REVENUE BOND, SERIES 2005A Date of Interest Rate Maturi Original Issue CUSIP December 1, August 1, 2005 REGISTERED OWNER: PRINCIPAL AMOUNT: THOUSAND DOLLARS THE CITY OF LAKE ELMO, Minnesota (the "City "), acknowledges itself to be indebted and, for value received, hereby promises to pay to the registered owner named above, or registered assigns, the principal amount specified above, on the maturity date specified above, with interest thereon from the date of original issue specified above, or from the most recent interest payment date to which interest has been paid or duly provided for, at the annual rate specified above. Interest hereon is payable on June 1 and December I in each year, commencing June I, 2006, to the person in whose name this Bond is registered at the close of business on the 15th day (whether or not a business day) of the immediately preceding month, all subject to the provisions referred to herein with respect to the redemption of the principal of this Bond before maturity. The interest hereon and, upon presentation and surrender hereof, the principal hereof, are payable in lawful money of the Llnited States of America by check or draft of Northland Tryst Services, Inc., Minneapolis, Minnesota, as Bond Registrar, Transfer Agent and raying Agent (the "Bond Registrar "), or its successor designated -under the Resolution described herein. This Bond is one of an issue in the aggregate principal amount of $4,600,000 (the "Bonds ") all of like date and tenor except as to serial number, interest rate, redemption privilege and maturity date, issued pursuant to a resolution adopted by the City Council on July 19, 2005 (the "Resolution"), for the purpose of financing the costs of improvements to the water enterprise system of the City, and is issued pursuant to and in full conformity with the provisions of the Constitution and laws of the State of Minnesota thereunto enabling, including Minnesota Statutes, Sections 444.075 and Chapter 475. For the full and prompt payment of the principal and interest on the Fonds as the same become due, the full faith, credit and taxing power of the City have been and are hereby irrevocably pledged. The Bonds are issuable only as fully registered bonds in denominations of $5,000 or any multiple thereof, of single maturities. -8-