Resolution - #84-111 - 06/26/1984

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[Face of the Bond] UNITED STATES OF A~RICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF RAMSEY GENERAL OBLIGATION IMPROVEMENT BOND OF 1984 Date of Rate Maturity Original Issue July 1, 1984 No. $ KNOW ALL MEN BY THESE PRESENTS that the City of Ramsey, a duly organized and existing municipal corporation in Anoka, County, Minnesota (City), acknowledges itself to be indebted and for value received hereby promises to pay to or registered assigns, without option of prior payment, the principal sum of THOUSAND DOLLARS ($ ,000) on the maturity date specified above, with interest thereon from the date hereof at the annual rate specified above, payable April I and October 1 in each year, commencing April 1, 1985, to the person in whose name this Bond is registered at the close of business on the 15th day (whether or not a business day) of the immediately preceding month. The interest hereon and, upon presentation and surrender hereof, the principal hereof are payable in lawful money of the United States of America by.check or draft by American National Bank and Trust Co., in St. Paul, Minnesota, as Bond Registrar, Authenticating Agent and Paying Agent, or its designated successor under the Resolution described herein. For the prompt and full payment of such principal and interest as the same respectively become due, the full faith and credit and taxing powers of the City have been and are hereby irrevocably pledged. The City may elect on April 1, 1990, and on any interest payment date thereafter, to prepay Bonds due on or after April 1, I991. Redemption may be in whole or in part of the Bonds subject to prepayment. If redemp- tion is in part, those Bonds remaining unpaid which have the latest maturi- ty date will be prepaid first. If only part of the Bonds having a common maturity date are called for prepayment the specific Bonds to be prepaid will be chosen by lot by the Registrar named in section 9. Ail prepayments shall be at a price of par and accrued interest. Additional provisions of this Bond are contained on the reverse hereof and such provisions shall for all purposes have the same effect as though fully set forth in this place.