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Resolution - #15-05-129 - 05/26/2015
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Resolution - #15-05-129 - 05/26/2015
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4/11/2025 3:04:42 PM
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6/23/2015 4:30:05 PM
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#15-05-129
Document Date
05/26/2015
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UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />ANOKA COUNTY <br />CITY OF RAMSEY <br />R-_______ $_________ <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN BOND, SERIES 2015A <br /> <br />Interest Rate Maturity Date Date of Original CUSIP <br />Issue <br /> <br /> % December 1, ____ June 18, 2015 <br /> <br />REGISTERED OWNER: CEDE & CO. <br />PRINCIPAL AMOUNT: <br />The City of Ramsey, Anoka County, Minnesota (the "Issuer"), certifies that it is indebted <br />and for value received promises to pay to the registered owner specified above, or registered <br />assigns, in the manner hereinafter set forth, the principal amount specified above, on the maturity <br />date specified above, unless called for prepayment, and to pay interest thereon semiannually on <br />June 1 and December 1 of each year (each, an "Interest Payment Date"), commencing December <br />1, 2015, at the rate per annum specified above (calculated on the basis of a 360-day year of <br />twelve 30-day months) until the principal sum is paid or has been provided for. This Bond will <br />bear interest from the most recent Interest Payment Date to which interest has been paid or, if no <br />interest has been paid, from the date of original issue hereof. The principal of and premium, if <br />any, on this Bond are payable upon presentation and surrender hereof at the principal office of <br />Bond Trust Services Corporation in Roseville, Minnesota (the "Bond Registrar"), acting as <br />paying agent, or any successor paying agent duly appointed by the Issuer. Interest on this Bond <br />will be paid on each Interest Payment Date by check or draft mailed to the person in whose name <br />this Bond is registered (the "Holder" or "Bondholder") on the registration books of the Issuer <br />maintained by the Bond Registrar and at the address appearing thereon at the close of business <br />on the fifteenth day of the calendar month next preceding such Interest Payment Date (the <br />"Regular Record Date"). Any interest not so timely paid shall cease to be payable to the person <br />who is the Holder hereof as of the Regular Record Date, and shall be payable to the person who <br />is the Holder hereof at the close of business on a date (the "Special Record Date") fixed by the <br />Bond Registrar whenever money becomes available for payment of the defaulted interest. <br />Notice of the Special Record Date shall be given to Bondholders not less than ten days prior to <br />the Special Record Date. The principal of and premium, if any, and interest on this Bond are <br />payable in lawful money of the United States of America. So long as this Bond is registered in <br />the name of the Depository or its Nominee as provided in the Resolution hereinafter described, <br />and as those terms are defined therein, payment of principal of, premium, if any, and interest on <br />this Bond and notice with respect thereto shall be made as provided in the Letter of <br />Representations, as defined in the Resolution. Until termination of the book-entry only system <br /> 7 <br />7096715v1 <br /> <br /> <br />
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