90-050 RES - Laserfiche WebLink

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. . . Hundred Dollars ($101,500) providing for installments of principal becoming payable annually on February 1 in each year, commencing February 1, 1991, such installments to be paid at the times, and in the amounts stated below: D.a.t.e Amount February 1, 1991 $20,300 February 1, 1992 $20,300 February 1, 1993 $20,300 February 1, 1994 $20,300 February 1, 1995 $20,300 Accrued interest on the Certificates shall be payable semi- annually on February 1 and August 1 in each year, commencing February 1, 1991. The principal of and interest on the Certificates shall "be payable to the Offeror at its offices at Elk River, Minnesota, or, as may otherwise be directed by written instruction from time to time provided by the Offeror or other holder of the Certificates. 2.2) The Certificates shall not be subject to redemption before maturity. 2.3) The Certificates shall be in substantially the following form: Registered No. Registered Amount $ UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF SHERBURNE CITY OF ELK RIVER 1990 GENERAL OBLIGATION EQUIPMENT CERTIFICATE KNOW ALL MEN BY THESE PRESENTS that the City of Elk River, a duly organized and existing municipal corporation of the County of Sherburne, State of Minnesota, acknowledges itself to be indebted and for value received promises to pay to the order of , or registered assigns (the Holder), the principal sum of Dollars ($ ), payable, without option of prior payment, in installments as follows: ~ AmQ~~t of Principal Payment February 1, 1991 February 1, 1992 February 1, 1993 February 1, 1994 February 1, 1995 $ $ $ $ $ 2.