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Resolution 0941
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00500 - 00999 (1970-1979)
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Resolution 0941
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Last modified
10/30/2019 8:59:27 AM
Creation date
7/17/2018 7:44:53 AM
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MV City Council
City Council Document Type
Resolutions
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I tit I f ; t i ! 7 r ; . 1 i :1 1 <br />01N1*VFD STATE11.4 Or AMERICA <br />bTATE OF MINN"'UTA <br />COUNTY OF XAMEY <br />CJVI' ue MOU141j�; 71�1__.i <br />Lif 1178 <br />(Themanya Land Company, Project) <br />$600,000 <br />FOR VALUE FZCEIVED the City ot moun0a Viow, HAM82Y <br />County, Minnesota, hooreby promises to pay to the order of <br />Midway Naticiial Bank (the *Payee"), St. Paul, Minnesotat its <br />successors or regintar-:4 ansigns, from the antirce and in the <br />mannk..e hereinafter arovided, the Principal sum Of Six Hundred <br />Cmusand and no/100 Dollors ($600,000.00), otj to much thereof <br />-umay have bion *dvanced to or for Wn benefit of- the City <br />and r6awins unpaid frin time to time (the 'Principal <br />balancw*)t with Interest thereon at the rate of eight and one <br />quar-toc percent (E 1/44) per annum# in any coin cr currency <br />nd for tb* <br />-*idvk -at the -time --or times of paym_t is lejal Aw. or <br />payment of public or jirivate debts in the United States of <br />Anewtoat and in ac4ord&nve With the terms heroinottor set <br />forth* ------ <br />1, a) Ivrolfi- -n-4 attor the date h"s" affd <br />1 if, toenth do- - laf-thcz <br />-caleajev month next suacteding emletion of the Prejeft in <br />Wr <br />W-ve -ion. "Wriv <br />reterrAd to-f-6ut tn- _Gq�_1~nt_no- later then 00 tQh#r 175-f- _a7-0- <br />ext#nd#Nd by -the fave0t the: My #boll P4+ Interest- <br />ont 4 A/") � per 7 Ann=:#- so"-: initiresi "An <br />-1 -4fter 1W dr -ti - of 4actr -And - ##A -A <br />10 OM*t this Nc)t*. and shall be on ZKY <br />payable he fifteenth A <br />he wnd&r Alow <br />Ats t�_ouac*"Uag <br />first advance is made# and an th*.fifteanth day of e3ch and <br />..ev*ry mor6h thereafter, <br />.?raw and after the Amortixation Dat*,,, thin <br />Note- Shall W.amortised and-paidin 240 equal monthly install- <br />ments of Pive Thousand One Hundred Twolv* Dollims -and sixty <br />---cents 115 #_112 & 90) more- or --- I-**#, _pay.Able on the fifteenth day <br />of each month comroncing an the fifteenth dayof th-e-cale-ndar <br />_6� <br />
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