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CC PACKET 03091999
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CC PACKET 03091999
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Last modified
12/30/2015 4:07:01 PM
Creation date
12/30/2015 4:06:49 PM
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SP Box #
17
SP Folder Name
CC PACKETS 1999-2001
SP Name
CC PACKET 03091999
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i <br /> APPENDIX I <br /> PROPOSED FORM OF LEGAL OPINION <br /> DORS EY & WHITNEY L L P <br /> MINNEAPOLIS PILLSBURY CENTER SOUTH NEW YORK <br /> WASHINGTON,D.C. 220 SOUTH SIXTH STREET DENVER <br /> li LONDON MINNEAPOLIS,MINNESOTA 55402-1498 <br /> SEATTLE <br /> BRUSSELS TELEPHONE: (612) 340-2600 <br /> HONG KONG FAX: (612) 340-2868 FARGO <br /> DES MOINES BILLINGS <br /> ROCHESTER MISSOULA <br /> COSTA MESA <br /> GREAT FALLS <br /> City of St. Anthony <br /> St. Anthony, Minnesota <br /> Re: $425,000 General Obligation Improvement Bonds, Series 1999A <br /> City of St. Anthony, Hennepin and Ramsey Counties, Minnesota <br /> Ladies and Gentlemen: <br /> As Bond Counsel in connection with the authorization, issuance and sale by the <br /> City of St. Anthony, Hennepin and Ramsey Counties, Minnesota(the "City"), of its General <br /> Obligation Improvement Bonds, Series 1999A dated, as originally issued, as of April 1, 1999, in <br /> the total principal amount of$425,000 (the "Bonds"), we have examined certified copies of <br /> certain proceedings taken, and certain affidavits and certificates furnished, by the City in the <br /> authorization, sale and issuance of the Bonds, including the form of the Bonds. As to questions <br /> of fact material to our opinion we have assumed the authenticity of and relied upon the <br /> proceedings, affidavits and certificates furnished to us without undertaking to verify the same by <br /> independent investigation. From our examination of such proceedings, affidavits and <br /> certificates, and based upon laws, regulations, rulings and decisions in effect on the date hereof, <br /> it is our opinion that: <br /> 1. The Bonds are valid and binding general obligations of the City <br /> enforceable in accordance with their terms. <br /> 2. The principal of and interest on the Bonds are payable from special <br /> assessments which the City has levied or agreed to levy on the property specially benefited by the <br /> improvements financed by the issuance of the Bonds and ad valorem taxes levied on all taxable <br /> property in the City, and, to any extent not so paid, from additional ad valorem taxes required by <br /> law to be levied on all taxable property in the City without limitation of rate or amount. <br /> 1-1 <br />
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