Agenda Packets - 1985/09/16 - Laserfiche WebLink

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---------------------------------------------------------------- -----------------------------------------------------------acrel- -------------------------4Farm-et-eerpdvH------------------------ ' Ner---------------------------------------------------i---------- -------on-the-t4rst-day-el--------------i------------47-i9_r--- the-etty-e4-Meends-V4err-Ramsey-eernlyr-M4nneeet ar-riti-pay-ee--- bearer -at ---------------- r-the-srm-e4---------------------------- 09ttAP.9-ter-4nterrwt-the"-dae-an-tea-*mprevement-Bend-dated------ --------------- r-49--- r-Ner-------------------------------------- FPaesim4le-seq aerre4-------------------------------------------- e4ty-E4erk------------------------------------------------------- -----------------------------------------4Paesem44e-signatsve4--- Mayor Subdivision 7. Sale, Execution and Delivery. The amaunts, maturit tea y, interest rates and other terms of each issue of improvement bonds made payable from the improvement pond Redemption Fund shall be esta,)lished by the Council, by resolu- tion, and such bonds shall be issued and sold upon such terms as are seemed uy the Council from time to time to be reasonable and in the bast interest of the Municipality and owners of property subject to special assessment. Upon the sale of each issue the bonds shall be prepared for execution under the. direction of the Clerk r and shall be-exeertec'-by-the-s4gneleres-e4-the-Mayer-end eterkr-e4—wham-ene-ee-teeee-sha44-etgn-meneetty-end-eke-ether-say Prehe�tee-ehe-rse-at-hte-prtnledr-t4ehegeephed-er-engraved-4ae--- stmtte-stgnalrrer executed as provided for in Minnesota Statutes t75, and the corporate seal of the Municipality s- — hall be aF�ed to Pact. bond. -end-ehere-she3t-be-attaehed-tl►erete-eeapens------- ev4denethg-the-:neerea!-payebte-Erem-ehe-deee-ef-ieaee-ce-------- metrr4tyr-exeeeted-end-adthentTeated-by-the-pr4needr-It thegrephed er-engraved-iaentmt4e-stgnature3-ef-ehe-Meyer-end-eierkr When executed, the bonds shall oe delivered by the Treasurer to the purchaser thereof, upon payment of the agreed purchase price, and the purchaser shall not be obligated to see to the application of the bond proceeds. Subdivision 8. Authentication of Transcript. The offi- cers of the Municipality and the County Auditor o Ramsey County sha!1 prepare and furnish to the purchaser of each series o: such bonds certified copies of all proceedings and records relacing to the authorization thereof and such other certificates and affi- davits as to matters shown by the records in their custody or otherwise known to them as may be required to evidence the validity and marketability of the bonds, and all such documents shall be deemed representations of the Municipality as to the correctness of all statements therein contained. (Ordinance )