Agenda Packets - 1989/09/25 - Laserfiche WebLink

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pay pursuant to Minnesota Statutes, Sections 469.124 to 469.134 certain costs of the City's Development District No. 2 established pursuant to Minnesota Statutes, Sections 469.124 to 469.134, and pursuant to an authorizing resolution (the Resolution") adopted by the City Council of the City on September 25. 1989, and Pursuant to and in full conformity with the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Ch 469.179. apter 415 and Sections 469.174 to The Bonds of this series are payable from the Taxable General Obligation Tax Increment Bonds, Series 1989C Fund of the City (the "Bond Fund") to which has been pledged certain tax increment generated from the City's Tax Increment Financing District No, I. All taxable property within the City is also subject to the levy of direct general ad valorem taxes required by law to be levied and extended if needed for this purpose, without limitation as to rate or amount. The issuance of this bond does not cause the indebtedness of the City to exceed any constitutional or statutory limitation thereon. As provided in the Resolution, and subject to certain ilmitations set forth therein, this Bond is transferable upon the books of the City kept for that purpose at the principal office of the Registrar, by the registered owner hereof in person or by such owner's attorney duly authorized in writing, upon surrender of this Bond together with a written instrument of transfer satisfactory to the Registrar, duly executed by the registered owner or such owner's duly authorized attorney. Upon such transfer and the payment of any tax, fee or governmental charge required to be paid by the City or the Registrar with respect to such transfer, there will be '- issued in the name of the transferee a new Bond or Bonds of the same aggregate principal amount as the surrendered Bond. Te Bonds of this ser are issuablonly es coupons hn d nom natio s of t$5,000 or any integralsmulfult plegstered tthereof not ex ebondstedinut g subject to certain limitations therein set forth, the Bonds of this series are the principal amount maturing in any one year. As provided in the Resolution and exchangeable for a like aggregate principal amount of Bonds of this series of the same maturity but of a different authorized denomination, as requested by the registered owner or his duly authorized attorney, upon surrender thereof to the Registrar. It is hereby Certified and Recited that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to exist, to happen and to be performed in order to make this Bond a valid and binding general obligation of the City according to its terms, have been done, do exist, required. have happened and have been performed in due form, time and manner as so This Bond shall not be valid or become obligatory for any purpose until the Certificate of Authentication hereon shall have been manually signed by a person authorized to sign on behalf of the Registrar. IN WITNESS WHEREOF, The City of Mounds View, -Minnesota has caused this Bond to be executed with the facsimile signatures of its :Mayor and its City Clerk -Administrator, both as of the Nominal Date of Original Issue specified above. 4