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YEAR AMOUNT YEAR AMOUNT <br /> <br />1984 $40,000 1989 $70,000 <br />1985 45,000 1990 75,000 <br />1986 50,000 1991 80,000 <br />1987 55,000 1992 85,000 <br />1988 65,000 <br /> <br /> 3. Both principal of and interest on the Bonds shall be <br />payable at The First National Bank of Minneapolis, in the City of <br />Minneapolis, Minnesota, and the City of Ram~ey shall pay the <br />reasonable charges of said bank for its services as paying agent. <br /> <br /> 4. The Bonds and the interest coupons to be thereto at- <br />tached shall be in substantially the following form: <br /> <br />No. $5,000 <br /> <br />UNITED STATES OF A~RICA <br /> STATE OF MINNESOTA <br /> COUNTY OF ANOKA <br /> CITY OF RAMSEY <br /> <br />GENERAL OBLIGATION IMPROVEmeNT BOND OF 1982 <br /> <br /> KNOW ALL MEN BY TH]~SE PRESENTS that the City of Ramsey, <br />Anoka County, Minnesota, acknowledges itself to be indebted and, for <br />value received, hereby promises to pay to bearer, without option of <br />prior payment, out of its General Obligation Improvement Bonds of 1982 <br />Fund, the sum of FIVE THOUSAND DOLLARS on the 1st day of February, <br />19 , and to pay interest thereon from the date hereof until the <br />principal amount is paid at the rate of and <br />hundredths percent ( %) per annum, interest to maturity payable <br />February 1, 1983, and semiannually thereafter on the 1st day of August <br />and the 1st day of February in each year in accordance with and upon <br />presentation and surrender of the interest coupons hereto attached as <br />they severally become due. Both principal of and interest on this <br />bond are payable at the Bank of , <br />in the City of , Minnesota, in any coin or <br />currency of the United States of America which on the date of payment <br />is legal tender for public and private debts. <br /> <br />This bond is one of an issue of bonds in the total principal <br />.amount of $565,000, all of like date and tenor except as to maturity, <br />interest rate, and serial number, all issued by the City for the <br />purpose of providing money to defray the expenses incurred and to be <br />incurred in making local improvements, pursuant to and in full con- <br />formi, ty with the Constitution and laws of the State of Minnesota, <br />including Minnesota Statutes, Chapter 429, and is payable primarily <br />from special assessments against property specially benefited thereby, <br /> <br /> <br />