Resolution - #81-133 - 09/16/1981

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YEAR AMOUNT YEAR AMOUNT 1983 $50,000 1988 $ 90,000 1984 65,000 1989 90,000 1985 65,000 1990 100,000 1986 75,000 1991 100,000 1987 75,000 1992 105,000 The Bonds maturing after April 1, 1988, are subject to redemption in inverse numerical order on said date and on any interest payment date thereafter at a price of par plus accrued interest to date of redemp- tion. 3. Both principal of and interest on the Bonds shall be payable at State Bank of Anoka, Anoka, Minnesota 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 1981 KNOW ALL MEN BY TH]~SE PRESENTS that the City of Ramsey, Anoka County, Minnesota, acknowledges itself to be indebted and, for value received, hereby promises to pay to bearer, out of its General Obligation Improvement Bonds of 1981 Fund, the sum of FIVE THOUSAND DOLLARS on the 1st day of April, 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 October 1, 1982, and semiannually thereafter on the 1st day of April and the 1st day of October 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. Ail bonds of this issue maturing after April 1, 1988, are subject to redemption at the option of the City in inverse numerical order on said date and on any interest payment date thereafter at a price of par plus accrued interest to date of redemption.