12-01-1969 VCM - Laserfiche WebLink

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UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF SHERBURNE VILLAGE OF ELK RIVER No. $5,000 IMPROVEMENT BOND OF 1969 KNOW ALL MEN BY THESE PRESENTS that the Village of Elk River, Sherburne County, Minnesota~ certifies that it is indebted and for value received promises to pay to bearer, without option of prepayment, the sum of FIVE THOUSAND DOLLARS on the first day of November, 1'9" and to pay interest thereon from the date hereof until the principal is paid at the rate of " ,"," . , . . . . . . , . . . .. per cent ,( %) per annum, payable on the first day of November, 1970 and semi- annually thereafter on the first day of May and the first day of November in each year, in accordance with and upon presenta- tion and surrender of the interest coupons hereto attached, as the same severally become due. Both principal and interest are payable at the Fidelity Bank and Trust Company, in Minneapolis, Minnesota in any coin or currency of the United States of America which at the time of payment is legal tender for public and pri- vate debts. This bond is one of an issue in the total principal amount of $80,000 all of like date and tenor, except as to maturity and interest rate, which bond has been issued pursuant to and in full conformity with the Constitution and laws of the State of Minnesota for the purpose of providing money for various improvements, and is payable out of the Improvement Bonds of 1969 Fund of the Village. This bond constitutes a general obligation of the Village, and to provide moneys for the prompt and full payment of said principal and interest when the same become due, the full faith and credit of said Village have been and are here- by irrevocably pledged. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and laws of the State of Minnesota to be done, to happen and to be performed, precedent to and in the issuance of this bond, -3-