Resolution - #95-12-275 - 12/12/1995

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2.06. Temporary Bonds. The City may elect to deliver in Heu of printed definitive Bonds one or more typewritten temporary Bonds in substantially the form set £orth in Section 3 with such changes as may be necessary to reflect more than one maturity in a single temporary bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be exchanged therefor and cancelled. Section 3. Form of Bond. 3.01. The Bonds will be printed in substantially the following form: [Face of the Bond] . No. R- UNITED STATES OF AMERICA $ STATE OF MINNESOTA COUNTY OF ANOKA CITY OF RAMSEY TAXABLE GENERAL OBLIGATION TAX INCREMENT REFUNDING BOND, SERIES 1996A Date of Rate Maturity Original Issue CUSIP January 1, 1996 The City of Ramsey, Minnesota, a duly organized and existing municipal corporation in Anoka County, Minnesota (City), acknowledges itself to be indebted and for value received promises to pay to or registered assigns, the principal sum of $330,000 on the maturity date specified above, with interest thereon from the date hereof at the annual rate specified above, payable February 1 and August 1 in each year, commencing August 1, 1996, to the person in whose name this Bond is registered at the close of business on the fifteenth 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 , Minnesota, as Bond Registrar, Payi. 'ng Agent, Transfer Agent and Authenticating 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, 2005 and on any day thereafter, to prepay Bonds due on or after February l, 2006. Redemption may be in whole or in part and if in part, at the option of the City and in such order as the City will determine and within a matu~'ity lot as selected by the registrar. All prepayments will be at a price of par plus accrued interest.