HomeMy WebLinkAboutgr00090_000017_pg67Yepr Amount Interest Rate Year Amount Interest Rate
1969 $65,000 4.30%
1970 65,000 4.30%
1971 65,000 4.30%
1972 80,000 4.30%
1973 80.000 4.30%
1974 80,000 4.30%
1975 80,000 4.30%
1976 80,000 4.30%
1977 90,000 4.50%
1978 90,000 4.50%
1979 90,000 4.50%
1980 90,000 4.50%
1981 90,000 4.50%
1982 90,000 4.50%
1983 $ 90,000
1984 105,000
1985 105,000
1986 105,000
1987 105,000
1988 105,000
1989 105,000
1990 105,000
199.1 105,000
1992 115,000
1993 115,000
1994 115,000
1995 115,000
1996 115,000
4.50%
4.50%
4.50%
4.50%
4.60%
4.60%
4.60%
4.60%
4.60%
4.60%
4.60%
4.60%
4.60%
4.60%
Interest shall be payable each January 1 and July 1, commencing on January
January 1, 1967. Interest at the basic rate applicable to each bond,
from date of issue to maturity, shall be represented by appropriate
interest coupons appurtenant to such bond, and each and all of the
bonds shall bear additional interest represented by separate coupons
designated as "B" coupons, at the rate of 1.20% per annum for the
limited period from October 1, 1966, to January 1, 1968. The bonds
maturing in the years 1969 through 1981 shall not be subject to re-
demption before maturity, but those maturing in the years 1982 through
1996 shall be each subject to redemption and prepayment at the option
of the Village on January 1, 1981, and any interest payment date
thereafter, at a price of 101 1% of par and accrued interest. Not
less than thirty days before the date specified for prepayment and
redemption of any of said bonds, the Village Treasurer shall mail
notice of the call thereof to the holder, if known, and to the bank
at which principal and interest are then payable, and the Treasurer
is directed to maintain a record of the names and addresses of holders
of prepayable bonds for the purpose of mailing such notices so far
as such information is made available to him. The principal of and
interest on said bonds shall be payable at the American National
Bank and Trust Company in St. Paul, Minnesota, and the Village hereby
agrees to pay the reasonable and customary charges of said paying
agent for the receipt and disbursement thereof.
3. The bonds shall be prepared for execution forthwith, executed
and delivered to Miller and Schroeder, Inc., of Minneapolis, Minnesota
as purchaser thereof, in the manner and substantially in the form set
forth in said Ordinance No. 68, upon payment by the purchaser of par
plus accrued interest, as provided in the contract of sale of said
bonds heretofore accepted by this Council. The proceeds of issuing
said bonds shall be credited by the Treasurer to the funds and in
the amounts as follows:
FUND
Sanitary and Storm Sewer and Street Re-
surfacing Improvement
Sanitary Sewer and Water Improvement 1966 -1
Sanitary Sewer, Watermain and Surface Water
Drainage Improvement 1966 -3
Temporary Improvement Bond Fund
AMOUNT
$ 256,040
73,000
735,960
1.575.000
2,640,000