Agenda Packets - 1994/04/25 - Laserfiche WebLink

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ON REVERSE OF BOND I hereby certify that the foregoing is a full, true, and correct copy of the legal opinion executed by the above-named attorneys, except as to the dating thereof, which opinion has been handed to me for filing in my office prior to the time of delivery of the Bonds. (facsimile signature) City Clerk-Administrator City of Mounds View, Minnesota Issuance; Purpose; General Obligation. This Bond is one of an issue in the total principal amount of $ , all of like date of original issue and tenor, except as to registration number, maturity, interest rate and denomination, which Bonds have been issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota, including Minnesota . Statutes, Section 475. 67, Subdivision 13, and pursuant to a resolution adopted by the City Council, the governing body of the City, on April 25, 1994 (the "Resolution") , for the primary purpose of providing moneys, together with other available funds of the City, sufficient to prepay on February 1, 1996, those bonds of the City's Taxable General Obligation Tax Increment Bonds, Series 1988A, dated February 1, 1988, which mature on February 1, 1997, and thereafter. This Bond constitutes a general obligation of the City, and to provide moneys for the prompt and full payment of the principal of and interest on all of the Bonds, when the same become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. Denominations; Exchange; Resolution. The Bonds are issuable solely as fully registered bonds in the denominations of $5, 000 and integral multiples thereof of a single maturity and are exchangeable for fully registered Bonds of other authorized denominations of $5, 000 and integral multiples thereof of a single maturity and are exchangeable for fully registered Bonds of other authorized denominations in equal aggregate principal amounts at the principal office of the Bond Registrar, but only in the manner and subject to the limitations provided in the Resolution. Reference is hereby made to the Resolution for a description of the rights and duties of the Bond Registrar. Copies of the Resolution. are on file in the principal office of the Bond Registrar. Transfer. This Bond is transferable by the Holder in person or by the Holder's attorney duly authorized in writing at the principal office of the Bond Registrar upon presentation and surrender hereof to the Bond Registrar, all subject to the terms 262142.1 7