Resolution - #85-131 - 07/09/1985

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[Face of the Bond] UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF RAMSEY GENERAL OBLIGATION IMPROVEMENT BOND OF 1985 Date of Rate Maturity Original Issue CUSIP August 1, 1985 No. $ KNOW EVERYONE 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, the principal sum of $ on the maturity date specified above, with interest thereon from the date hereof at the annual rate specified above, payable February I and August 1 in each year, commencing August 1, 1986, to the person in whose name this Bond is regis- tered 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 First National Bank of Minneapolis, Minneapolis, 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 February 1, 1992, and on any interest payment date thereafter, to prepay Bonds of this issue due on or after February 1, 1993. Redemption may be in whole or in part of the Bonds subject to pre- payment. If redemption is in part, those Bonds remaining unpaid which have the latest maturity 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. Ail prepayments shall be at a price of par and accrued interest.