05-28-74 Special Mtg. - Laserfiche WebLink

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1502 FIVE THOUSAND DOLLARS -- on the first day of January, 19=-- and to pay interest thereon from the date hereof until the principal is paid at the rate of per cent ( %) per annum, payable on the first day of January, 1975 and semiannually thereafter on the first day of July and the first day of January in each year, in accordance with and upon presentation and surrender of the interest coupons hereto attached, as the same severally become due. Both principal and interest are payable at or any successor Paying Agent duly appointed by the City, in any coin or currency of the United States of America which at the time of payment is legal tender for public and private debts. All bonds of this issue maturing in the years 1988 to 1995, both inclusive (bonds numbered 93 to 188, both inclusive), are subject to re- demption and prepayment at the option of the City in inverse order of serial numbers, on January 1, 1987 and on any interest payment date thereafter at par and accrued interest. Published notice of redemption shall in each case be given in accordance with law, and at least thirty days prior mailed notice of redemption shall be given to the bank where said bonds are payable and to the last known holders, provided that published notice alone shall be effective without mailed notice. Holders desiring to receive mailed no- tice must register their names, addresses and bond numbers with the City Clerk. This bond is one of an issue in the total principal amount of $940,000 all of like date and tenor, except as to serial number, maturity, interest rate and redemption privilege, which bond has been issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota for the purpose of providing money to construct and equip an ice arena and expand the numicipal industrial park, and is payable out of the General Obligation Bonds of 1974 Fund of the City. This bond constitutes a general obligation of the City, and to provide moneys for the prompt and full payment of said principal and interest when the same become due, the full faith and credit and taxing powers of said City have been and are here- byirrevocable pledged. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this bond, have been done, have happened and have been performed, in reg- ular and due form, time and manner as required by law, and this bond, to- gether with all other debts of the City outstanding on the date hereof and the date of its actual issuance and delivery does not exceed any constitu- tional or statutory limitation of indebtedness. ; l ;.;-,j --z::; ~ L~ Ci ty Clerk IN WITNESS WHEREOF, the City 0 by its City Council has caused this bond facsimile signature of the Mayor and the and the corporate sesl of said City to b interest coupons to be executed and auth tures of said officers, all as of July 1 ((1 Mayor (Form of Coupon) No. $ - I I I I On the first day of January (July), 19 , unless the bond des- cribed below is called for earlier redemption, the City of Hastings, Dakota County, Minnesota, will pay to bearer at or any successor Paying Agent duly appointed by the City, the sum shown hereon for interest then due on its General Obligation Bond of 1974 No. dated July 1, 1974. /s/ Facsimile City Clerk /s/ Facsimile Mayor