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CC PACKET 05301989
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1989
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CC PACKET 05301989
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Last modified
12/30/2015 4:37:07 PM
Creation date
12/30/2015 4:36:53 PM
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SP Box #
18
SP Folder Name
CC PACKETS 1987-1989
SP Name
CC PACKET 05301989
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• 4 . I understand that the Note is payable as to <br /> principal and interest solely from the tax increment to be <br /> derived from the District pledged to the payment thereof under <br /> the Resolution. I further understand that certain expenses of <br /> the Issuer and the City of St . Anthony, Minnesota (the City) , <br /> together with interest, will be paid from the tax increment to <br /> be derived from the District prior to the payment of the <br /> principal of and interest on the Note . I further understand <br /> that the Note does not now and shall never represent or <br /> constitute a general obligation of the Issuer or the City and I <br /> have no right to have taxes levied by the Issuer, the City, the <br /> State of Minnesota or any political subdivision thereof for the <br /> payment of the principal and interest on the Note. <br /> 5 . I am purchasing the Note for my own account and <br /> not with a view to the- distribution thereof, but I will retain <br /> control over the disposition of the Note. I do not presently <br /> intend to divide the Note or resell or otherwise dispose of any <br /> or all of the Note, except as permitted by law and. subject to <br /> applicable securities laws and regulations thereunder. <br /> 6 . I acknowledge that neither the Issuer or the City <br /> of St. Anthony, Minnesota is making any representations or <br /> warranties as to the tax exemption of the interest- to be paid <br /> • on the Note or the sufficiency of the tax increment to be <br /> derived from the District to pay principal of and interest on <br /> the Note when due. <br /> • <br /> A-2 <br />
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