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2002.08.05 RESO 2002-0038
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2002.08.05 RESO 2002-0038
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10/26/2017 2:04:06 PM
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1/13/2015 4:41:09 PM
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City Council
Document Type
Resolutions
Meeting Date
8/5/2002
Meeting Type
Regular
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UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />WASHINGTON COUNTY <br />CITY OF HUGO <br />GENERAL OBLIGATION EQUIPMENT <br />CERTIFICATE, SERIES 2002A <br />INTEREST MATURITY DATE OF <br />RATE DATE ORIGINAL ISSUE CUSIP <br />AUGUST 1, 2002 <br />PRINCIPAL AMOUNT: <br />The City of Hugo, Washington County, Minnesota (the "Issuer"), certifies that it is <br />indebted and for value received promises to pay to the registered owner specified above, or <br />registered assigns, without option of prepayment, in the manner hereinafter set forth, the <br />principal amount specified above, on the maturity date specified above, and to pay interest <br />thereon semiannually on February 1 and August 1 of each year (each, an "Interest Payment <br />Date"), commencing August 1, 2003, at the rate per annum specified above (calculated on the <br />basis of a 360 -day year of twelve 30 -day months) until the principal sum is paid or has been <br />provided for. This Certificate will bear interest from the most recent Interest Payment Date to <br />which interest has been paid or, if no interest has been paid, from the date of original issue <br />hereof The principal of and premium, if any, on this Certificate are payable upon presentation <br />and surrender hereof at the principal office of U.S. Bank National Association, in St. Paul, <br />Minnesota (the "Registrar"), acting as paying agent, or any successor paying agent duly <br />appointed by the Issuer. Interest on this Certificate will be paid on each Interest Payment Date <br />by check or draft mailed to the person in whose name this Certificate is registered (the "Holder") <br />on the registration books of the Issuer maintained by the Registrar and at the address appearing <br />thereon at the close of business on the fifteenth day of the calendar month next preceding such <br />Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease <br />to be payable to the person who is the Holder hereof as of the Regular Record Date, and shall be <br />payable to the person who is the Holder hereof at the close of business on a date (the "Special <br />Record Date") fixed by the Registrar whenever money becomes available for payment of the <br />defaulted interest. Notice of the Special Record Date shall be given to Holders not less than ten <br />days prior to the Special Record Date. The principal of and premium, if any, and interest on this <br />Certificate are payable in lawful money of the United States of America. [So long as this <br />Certificate is registered In the name of the Depository or its Nominee as provided in the <br />Resolution hereinafter described, and as those terms are defined therein, payment of <br />142909Ox1 <br />
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