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mature serially on March 1 in the years and amounts as follows: <br /> <br />YEAR AMOUNT <br /> <br />1982 $100,000 <br />1983-85, inclusive 110,000 <br />1986 120,000 <br />1987 & 1988 130,000 <br />1989 140,000 <br /> <br /> 3. Both principal and interest shall be payable at <br /> Bank of BANCONORTHWEST <br />and the City of Ramsey shall pay the reasonable charges of said <br />bank for its services as paying agent. <br /> <br /> 4. The Bonds and the interest coupons to be. thereto <br />attached shall be in substantially the following form: <br /> <br />No. $5,000 <br /> <br />UNITED STATES OF AMERICA <br /> STATE OF MINNESOTA <br /> COUNTY OF ANOKA <br /> CITY OF RAMSEY <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND OF 1979 <br /> <br /> KNOW ALL MEN BY THESE PRESENTS that the City of Ramsey, <br />Anoka County, Minnesota, acknowledges itself to be indebted and, <br />for value received, hereby promises to pay to bearer without <br />option of prior payment, out of its General Obligation Improvement <br />Bonds of 1979 Fund, the sum of FIVE THOUSAND DOLLARS on the first <br />day of March, 19 82 and .to pay interest thereon from the date hereof <br />until the principal amount is paid at the rate of 6.0574 percent <br /> (6.0574 %) per annum, interest to maturity payable March 1, 1980, <br />and samiannually thereafter on the first day of March and the first <br />day of September in each year in accordance with and upon presentation <br />and surrender of the interest coupons hereto attached as they <br />severally become due. Both principal of and interest on this bond <br />are payable at the BANCONORTHW~ST <br /> <br />in any coin or currency of the United States of America which on <br />the date of payment is legal tender for publiC and private debts. <br /> <br /> <br />