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CC PACKET 09271988
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CC PACKET 09271988
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Last modified
12/30/2015 4:32:27 PM
Creation date
12/30/2015 4:32:08 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 09271988
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option' of prior payment , but Bonds having stated maturity dates <br /> in the years 1993 through 1995 are each subject to redemption <br /> and prepayment , at the option of the City and in whole or in <br /> part , and if in part , in inverse order of maturities and by <br /> lot , assigned in proportion to their principal amount , within <br /> any maturity, on October 1 , 1992 and on any interest payment <br /> date thereafter , at a price equal to the principal amount <br /> thereof to be redeemed plus interest accrued to the date of <br /> redemption. At least thirty days prior to the date set for <br /> redemption of any Bond, notice of the call for redemption will <br /> be published in a daily or weekly periodical , published in a <br /> Minnesota city of the first class or its metropolitan area, <br /> which circulates throughout the state and furnishes financial <br /> news as a part of its service, and will be mailed to the Bond <br /> Registrar and to the registered owner of each Bond to be <br /> redeemed at his address appearing in the Bond Register , but no <br /> defect in or failure to give such mailed notice of redemption <br /> shall affect the validity of proceedings for the redemption of <br /> any Bond . Upon the partial redemption of any Bond, a new Bond <br /> or Bonds will be delivered to the registered owner without <br /> charge, representing the remaining principal amount outstanding . <br /> As provided in the Resolution and subject to certain <br /> limitations set forth therein, this Bond is transferable upon <br /> the books of the City at the principal office of the Bond <br /> Registrar, by the registered owner hereof in person or by his <br /> attorney duly authorized in writing upon surrender hereof <br /> together with a written instrument of transfer satisfactory to <br /> the Bond Registrar, duly executed by the registered owner or <br /> his attorney; and may also be surrendered in exchange for Bonds <br /> of other authorized -denominations . Upon such transfer or <br /> exchange, the City will cause a new Bond or Bonds to be issued <br /> in the name of the transferee or registered owner, of the same <br /> aggregate principal amount , bearing interest at the same rate <br /> and maturing on the same date, subject to reimbursement for any <br /> tax, fee or governmental charge required to be paid with <br /> respect to such transfer or exchange. <br /> The City and the Bond Registrar may deem and treat the <br /> person in whose name this Bond is registered as the absolute <br /> owner hereof , whether this Bond is overdue or not, for the <br /> purpose of receiving payment and for all other purposes , and <br /> neither the City nor the Bond Registrar shall be affected by <br /> any notice to the contrary. <br /> IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED <br /> that all acts , conditions and things required by the <br /> Constitution and laws of the State of Minnesota to be done, to <br /> exist , to happen and to be performed precedent to and in the <br /> issuance of this Bond, have been done, do exist , have happened <br /> -5- <br />
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