1988.08.22 RESO 1988-0040 - Laserfiche WebLink

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. r . R - UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF WASHINGTON CITY OF HUGO GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 1988A INTEREST MATURITY RATE DATE REGISTERED OWNER: PRINCIPAL AMOUNT: DATE OF ORIGINAL ISSUE SEPTEMBER 1, 1988 C40kfu DOLLARS The City of Hugo, Washington County, Minnesota (the "City"), hereby acknowledges itself to be indebted and, for value received, promises to pay to the registered owner specified above, or registered assigns, in the manner hereinafter set forth, the principal amount specified above on the maturity date specified above, unless duly called for earlier redemption, and to pay interest thereon semiannually on March 1 and September 1 of each year (each, an "Interest Payment Date"), commencing March 1, 1989, at the rate per annum specified above (calculated on the basis of a 360 -day year consisting of twelve 30 -day months) until the principal sum is paid or has been provided for. This Bond will bear interest from the most recent Interest Payment Date to which interest has been paid or, if no interest has been paid, from the date of original issue hereof. The principal of and premium, if any, on this Bond are payable upon presentation and surrender hereof at the principal office of American National Bank and Trust Company, in St. Paul, Minnesota (the "Bond Registrar"), acting as paying agent, or at the principal office of any successor paying agent duly appointed by the City. Interest on this Bond will be paid on each Interest Payment Date by check or draft mailed to the person in whose name this Bond is registered (the "Registered Owner") on the registration books of the City maintained by the Bond Registrar and at the address appearing thereon at the close of business on the fifteenth day of the calendar month preceding such Interest Payment Date (the "Regular Record Date"). Any interest not so timely paid shall cease to be payable to the 8