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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-i- Village, to %&M►ich fund the Village Council has appropriated special assessments and taxes levied for the payment of the cost of improvements financed by this bond issue, but the Village Council is required to pay the same out of any fund of the Village in the event that the assessments or taxes collected are at any time insufficient therefore . The bonds of this issue maturing in 1979 or prior years are not subject to redemption before maturity but those maturing in 1980 and later years are each sub- ject to redemption and prepayment at the option of the Village, on January 1 , 1979, and any interest payment date thereafter, in inverse order of serial numbers, and at a price of 100-3/4 of par plus accrued interest. All redemption of bonds prior to stated maturity shall be made upon notice of call for redemption given thirty days prior thereto by publication in a financial periodical published in a Minnesota city of the first class or its metropolitan area. IT IS I!EREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Kinnesota to be done, to hap- pen, to exist and to be performed precedent to and in the issuance of this bond have been done, have happened, do exist and have been performed in regular and due form, time and manner as so required; that, prior to the issuance hereof, the Village has levied special assessments upon property benefited by said improvements and has lev- ied a direct, annual, ad valorem tax upon all of the taxable property in said Village in the years and in aggregate amounts not less than 5% in excess of amounts required for payment of the interest hereon and the principal hereof as the same respectively become due; that additional general ad valorem taxes, if needed for the payment of such principal and interest, may be levied upon all of such property without limit- ation as to rate or amount; and that the issuance of this bond does not cause the indebtedness of the Village to exceed any constitutional or statutory limitation of indebtedness. IN l!ITNESS WHEREOF, the Village of St. Anthony, Hennepin and Ramsey Counties, Minnesota, by its Village Council , has caused this bond to be executed in its behalf by the facsimile signature of the Mayor, attested by the manual signature of the Village Manager, and by a printed facsimile of the official seal of the Village, and has caused the interest coupons appurtenant hereto and the certificate on the reverse side hereof to be executed and authenticated by the facsimile signa- tures of said Mayor and Manager, all as of October 1 , 1960. Mayor ATTES ` Vi lage Manager (SEAL) (Form of Coupon) No. $ • On the first day of July (January), 19 , the Village of St. Anthony, Hennepin and Ramsey Counties, Minnesota, will pay to bearer at , i n the City of