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1997.08.18 RESO 1997-0017
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1997.08.18 RESO 1997-0017
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10/26/2017 2:03:50 PM
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City Council
Document Type
Resolutions
Meeting Date
8/18/1997
Meeting Type
Regular
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Treatment of Registered Owners. The Issuer and Bond <br />Registrar may treat the person in whose name this Bond is <br />registered as the owner hereof for the purpose of receiving <br />payment as herein provided (except as otherwise provided on the <br />reverse side hereof with respect to the Record Date) and for all <br />other purposes, whether or not this Bond shall be overdue, and <br />neither the Issuer nor the Bond Registrar shall be affected by <br />notice to the contrary. <br />Authentication. This Bond shall not be valid or become <br />obligatory for any purpose or be entitled to any security unless <br />the Certificate of Authentication hereon shall have been executed <br />by the Bond Registrar. <br />Taxable Interest. The interest on this Bond is <br />included in the gross income of the owner hereof for purposes of <br />United States income tax and, to the same extent, in both gross <br />income and taxable net income for purposes of State of Minnesota <br />income tax. <br />ABBREVIATIONS <br />The following abbreviations, when used in the inscription on <br />the face of this Bond, shall be construed as though they were <br />written out in full according to applicable laws or regulations: <br />TEN COM - as tenants in common <br />TEN ENT - as tenants by the entireties <br />JT TEN - as joint tenants with right of survivorship <br />and not as tenants in common <br />UTMA - as custodian for <br />(Gust) (Minor) <br />under the Uniform <br />(State) <br />Transfers to Minors Act <br />Additional abbreviations may also be used <br />though not in the above list. <br />360858.1 7 <br />
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