CC RES 68-045 RESOLUTION DECLARING COST TO BE ASSESSED AND ORDERING PREPARATION OF ASSESSMENT ROLLS STREET IMPROVEMENTS 1968- 1, 1968- 2, 1968- 5; STORM SEWER IMPROVEMENT RAMSEY COUNTY DITCH # 2, # 3

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. -2- Interest 2-Interest on all of said bonds shall be payable on July 1 , 1969, and semiannually thereafter on each January 1 and July 1. Said bonds shall mature serially lowest numbers first, on January 1 in the amount of $60,000 in each of the years 1971 through 1977, $50,000 in each of the years 1978 and 1979, and $40,000 in each of the years 1980 through 1990. Bonds maturing in the years 1971 through 1979 shall be payable on their respective stated maturity dates without option of prior payment. Bonds maturing in the years 1980 through 1990 shall each be redeemable on January 1, 1979, and any interest payment date thereafter, in inverse order of serial numbers, at a price of 100-3/4 and accrued interest. Notice of call for redemption shall be given not less than 30 days prior to the date specified for redemption by publica- tion in a daily or weekly periodical published in a Minnesota city of the first class, which circulates throughout the state and furnishes financial news as a part of its service. Notice shall also be mailed not less than 30 days prior to the redemption date to the bank at which principal and interest are then payable, but published notice shall be effective without mailing. Both principal and interest on said bonds shall be payable at Northwestern National Bank, in Minneapolis, Minnesota, and the Village agrees to pay the reasonable charges of such paying agent. 3. Said bonds and the interest coupons to be attached thereto shall be in substantially the following forms UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTIES OF HENNEPIN AND RAMSEY VILLAGE OF ST. ANTHONY • IMPROVEMENT BOND OF 1968 No. $5,000 KNOB! ALL MEQ! BY THESE PRESENTS that the Village of St. A nthony, a duly organized Village in Hennepin and Ramsey Counties, Minnesota, acknowledges itself to be indebted and for value received hereby promises to pay to bearer the sum of FIVE THOUSAND DOLLARS on the 1st day of January, 19 , or, if this bond is prepay- able as stated below, on any date prior thereto on which it shall have been duly called for redemption, and to pay interest thereon at the rate of per cent ( %) per annum from the date hereof until said principal sum be paid, or if this bond is prepayable, until it has been duly called for redemption, being payable on July 1, 1969, and semiannually there- after on the 1st day of January and the 1st day of July of each year. Interest to maturity or prepayment is payable in accordance with and upon presentation and sur- render of the interest coupons appurtenant hereto. Both principal and interest are payable at Northwestern National Bank in Minneapolis, Minnesota, in any coin or currency of the United States of America which on the respective dates of payment is legal tender for payment of public and private debts. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith, credit and taxing power of the Village have been and are hereby irrev- ocably pledged. This bond is one of an issue of bonds in the aggregate principal amount of $960,000, all of like date and tenor except as to serial number, maturity, inter- est rate and prepayment privilege, issued by said Village for the purpose of defray- ing the expenses incurred and to be incurred in constructing necessary local improve- ments in said Village, and is issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota thereunto enabling, and pursuant to resolutions duly adopted by the Village Council . The principal of and interest on this bond are payable primarily from the Improvement Bond Redemption Fund of the