Resolution - #80-147d - 12/01/1980

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YEAR AMOUNT YEAR AMOUNT 1982 $30,000 1987 $40,000 1983 30,000 1988 50,000 1984 35,000 1989 50,000 1985 35,000 1990 55,000 1986 40,000 The Bonds are issued without right of prior redemption. 3. Both principal of and interest on the Bonds shall be payable at and the City of Ramsey shall pay the reasonable charges of said bank for its services as paying agent. 4. The Bonds and the interest coupons to be thereto at- tached shall be in substantially the following form: No. $5,000 UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF RAMSEY GENERAL OBLIGATION IMPROVEMENT BOND OF 1980, SERIES II KNOW ALL MEN BY THESE PRESENTS that the City of Ramsey, Anoka County, Minnesota, acknowledges itself to be indebted and, for value received, hereby promises to pay to bearer without option of prior payment, out of its General Obligation Improvement Bonds of 1980, Series II Fund, the sum of FIVE THOUSAND DOLLARS On the 1st day of December, 19 , and to pay interest thereon from the date hereof until the principal amount is paid at the rate of percent ( %) per annum, interest to maturity payable December 1 1981, and semiannually thereafter on the 1st day of June and the 1st day of December in each year in accordance with and upon presentation and surrender of the interest coupons hereto attached as they severally become due. Both principal of and interest on this bond are payable at the in any coin or currency of the United States of America which on the date of payment is legal tender for public and private debts° This bond is one of an issue of bonds in the total principal amount of $365,000, all of like date and tenor except as to maturity, interest rate, and serial number, all issued by the City for the purpose of providing money to defray the expenses incurred and to be incurred in making local improvements, pursuant to and in full con- formity with the Constitution and laws of the State of Minnesota, including Minnesota Statutes, Chapter 429, and is payable primarily