CC PACKET 05231989 - Laserfiche WebLink

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price equal to the principal being so prepaid plus accrued • interest to the date of prepayment without premium. As provided i.n the Resolution, the HRA will cause to be kept at the office of the Executive Director of the HRA a Note Register in which, subject to such reasonable regulations as it may prescribe, the HRA shall provide for the registration or transfer of ownership of this Note. This Note is transferable upon the books of the HRA at the office of the Executive Director by the Registered Owner hereof in person or by its attorney duly authorized in writing, upon surrender hereof together with a written instrument of transfer satisfactory to the Executive Director of the HRA, duly executed by the Registered Owner or its duly authorized attorney, together with an executed investment letter from the new Registered Owner in the form set forth in the Resolution and an opinion of counsel addressed to the HRA and in form satisfactory to the HRA that such transfer complies with all applicable federal and State of Minnesota securities laws . Upon- such transfer the Executive Director of the HRA- will -note the date of registration and the name and address of the new Registered .Owner upon the books of the HRA and in the registration blank appearing below. Alternatively, the HRA will at the request of the Registered Owner issue new notes in an aggregate principal amount equal to the unpaid principal balance of this Note, and of like tenor, except as to number and principal amount, and registered in the name of the Registered Owner or such transferee as may be designated by the Registered Owner . The HRA may deem and treat the person in whose name this Note is last registered upon the books of the HRA with such registration noted on the Note as the absolute owner hereof, whether or not overdue, for the purpose of receiving payment of or on account of the principal balance, redemption price or interest and for all. other purposes, and all -such payments so made to the Registered Owner- or upon its order shall be valid and effectual to satisfy - and discharge the liability upon this Note to the extent of the sum or sums so paid, and the HRA shall not be affected by any notice to the contrary. IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED 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 precedent to and in the issuance of this Bond in order to make it a valid and binding obligation of the HRA according to its terms have been done, do exist, have happened and have been performed in regular and due form as so required. IN WITNESS WHEREOF, the Housing and Redevelopment Authority of St . Anthony, Hennepin and Ramsey Counties, State • -5-