Agenda Packets - 1988/01/11 - Laserfiche WebLink

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3.01. The Bonds shall be in substantially the following form, with the r necessary variations 99 to number, CUSIP Number, rate of interest and date of maturity, the blanks to be properly filled In: UNITED STATES OF AMERICA STATE OF MINNESOTA CITY OF MOUNDS VIEW No. R- TAXABLE GENERAL OBLIGATION TAX INCREMENT BOND, SERIES 1988A Rate maturity Nominal Date of Original Issue CUSIP February 1, 1988 Registered Owner: Principal Amount: Dollars The City of Mounds View, Minnesota (the "City%, for value received, hereby certifies that it is indebted and hereby promises to pay to the registered owner specified above, or registered assigns, the principal amount specified above on the maturity date specified above, upon the presentation and surrender hereof, and to pay to the registered owner hereof interest on such principal sum at the interest rate specified above from February 1, 1988, or the most recent interest payment date. to which interest has been paid or duly provided for as specified below, on February 1 end August 1 of each year, commencing August 1, 1988, until said principal sum is paid. Principal and the redemption price are payable in lawful money of the United States of America at — , Minnesota, as Registrar, Transfer Agent and Paying Agent, in or at the offices of such successor agent as the City may designate upon 60 days notice to the registered owners at their registered addresses (the "Registrar'). Interest shalt be paid on Cach Vabruary 1 and August 1 by check or draft of the to the person] In whlose namee this u Bond ssiness areg'stered y prior to tat thehe n close ofrest mbusin buent siness on the preceding January 15 and July 15 (whether or not a business day) at his or her address set forth on the bond register maintained by the Registrar. Any such interest not punctually paid or provided Lor will be paid to the person in whose ename this Bond Is registered at the close of business on a specialstablished by he Registrar forthe payment of such defaulted nteres record date The Bonds of this series maturing on or after February 1, 1997, are subject to redemption at the option of the City, in whole or In part 1996nandinverse order any Interest of maturity and by lot within a maturity, on February payment date thereafter at a price equal to par and accrued interest. Thirty days' prior notice of redemption will be given by first-class mail to the Registrar and to the registered owners, and notice of redemption will be published in the manner provided ttthe cfor redemption Statutes, Chapter 7of any Bondect in mailed notice will affect he validity of This Bond Is one of a series of Taxable General Obligatioa Tax Increment Bon_ in the aggregate principal amount of six Million Dollars ($6,000,000) of like