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interest payment date thereafter, upon notice of call mailed 30 days prior to the date specified for <br />redemption, to the bank at which principal and interest are then payable and to the holder, if known, <br />of each certificate so to be redeemed. Holders of prepay able certificates desiring to receive such <br />notice must register their name, addresses, and certificate numbers with the village clerk. <br /> <br />IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the <br />Constitution and Laws of the State of Minnesota to exist, to be done, to happen and to be <br />performed precedent to and in the issuance of this certificate, do exist, have been done, have <br />happened and have been performed in regular and due form, time and manner as required by law; <br />that the Village of Elk River has acquired and now operates an electric light and power plant and <br />system pursuant to law; that the Village Council has heretofore established, by ordinance duly <br />adopted, and will collect rates and charges sufficient in amount to pay the certificates of this series <br />and interest thereon and all prior obligations as the same become due; that the Village Council has <br />created a special account in the Electric Revenue Fund for the payment of said principal and interest <br />and has agreed to set aside in said account each month a sufficient amount to pay said principal and <br />interest as the same become due, and that it will maintain rates and charges sufficient in amount to <br />pay said principal and interest so far as permitted by law and will pay the same into said Electric <br />Revenue Fund and use the same for the payment of said certificates and prior obligations and <br />interest thereon; and that said certificates shall be a charge against the earnings of said plant and <br />system prior to any obligations which may be hereafter issued, except as provided in said authorizing <br />resolution, which resolutions are hereby incorporated herein by reference. <br /> <br />IN WITNESS WHEREOF the Village of Elk River, Minnesota, by its Village Council, has caused <br />this certificate to be executed in its behalf by the signature of the President of said Council and the <br />Village Clerk, and its corporate seal to be hereunto affixed, and has caused the interest coupons <br />hereto attached to be executed and authenticated by the facsimile signatures of said officers all as of <br />February 1, 1948. <br /> <br />Attest: Village Clerk <br /> <br />(SEAL) <br /> <br />(Form of Coupon) <br /> <br />No. ____ $16.25 <br />On the first day of February (August), 19__, the Village of Elk River, Minnesota, will pay to bearer <br />out of the Series of 1948 Interest and Sinking Account of its Electric Revenue Fund at the main <br />office of Northwestern National Bank of Minneapolis, in Minneapolis, Minnesota the sum of <br />SIXTEEN AND 25/100 DOLLARS for interest then due on its Electric Light and Power Plant and <br />System Revenue Certificate, Series of 1948, dated February 1, 1948, No. ___. <br /> <br />(Facsimile signature) Village Clerk <br />(Facsimile signature) President, Village Council <br /> <br />(Coupons numbered 21 and upward shall contain the clause “unless called for earlier redemption”) <br /> <br />4. The certificates herein authorized shall be prepared under the direction of the village clerk <br />and shall be executed on behalf of the village by the signatures of the president of this <br /> <br />