02-19-1964 VCM - Laserfiche WebLink

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(Plus additional interest at the rate of t\fOaDI1ltnetYllundreclth8 per cent (2.90 %) per annum .on all bonds from AFilt' 1St ' 19 _''':64 , to .....t lS~ , 19 64 , payable . 8/1.&/64 (211 coapona i .9.66 each .) 3. The principal of and interest on said bonds shall be pay- able at American National Bank of St. Paw.. N1nD880ta and the Village agrees to pay 'the reasonable charges of such pay- -"- ing agent. " 4. The obligations issued and sold pursuant to this resolu- tion and authorized pursuant to resolution of this Council dated' the 27th day of JamattY , 1964, have been authorized, issued, and sold, for the pu~poseof refunding the following listed obligations;"" -. $105,000 Sewage Treatment Plant Bonds dated January 1, 1960. $120,000 Sewer Improvement Bonds of 1960, dated April l, 1960. $12,000 Supplemental Sewer Improvement Bonds of 1960, dated September 1, 1960. With respect to the obligations listed above, the Village of Elk River, hereby exercises its rignt to call said bonds for redemp-tion as hereinafter set forth, according to their terms, and hereby au- thorizes and directs the Village Clerk to give notice of call to the respective banks where said bonds" are payable, to the last known holders, and to all holders who have registered their names, addres- ses, and bond numbers with the Village Treasurer. ' ( a) (b) (c) Bonds numbered 56 to 100, both inclusive, of the obligations listed at 4(a) above are hereby called on January 1, 1973. Bonds numbered 56 to 100, both inclusive, of the obligations listed at 4(b) above, are hereby called on April 1, 1970 and bonds numbered 101 to 120, both inclusive, of said issue, are hereby called on April 1, 1964. The bonds listed at 4(c) above are not subject to call. -3-