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interest payment date thereafter, at par, at the option of the Village, after notice mailed to the bank
<br />at which principal and interest is then payable and to the holder, if known, of each bond so called
<br />for redemption, such mailing to be done thirty days prior to the date of redemption. Holders of
<br />bonds of this issue bearing serial numbers 31 to 70 may register their names, addresses, and bond
<br />numbers with the Village Clerk for the purpose of receiving such mailed notice.
<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 be done, to happen, to exist, and to be
<br />performed precedent to and in the issuance of this bond have been done, have happened, do exist,
<br />and have been performed in regular and due form, time, and manner as so required; that, prior to
<br />the issuance hereof, a direct, annual, irrepealable, ad valorem tax has been duly levied upon all of the
<br />taxable property in said village for the years and in amounts not less than 5% in excess of the sums
<br />required for the payment of principal and interest hereon as the same become due, and additional
<br />taxes will be levied upon all of said property, if needed, within the limitations prescribed by law; and
<br />that the issuance of this bond did not cause the indebtedness of the Village to exceed any
<br />constitutional or statutory limitation.
<br />
<br />IN WITNESS WHEREOF the Village of Elk River, Minnesota, by its Village Council, has caused
<br />this bond to be executed in its behalf by the signature of the President of the Village Council,
<br />attested by the Village Clerk, and its corporate seal to be hereto affixed, and has caused the attached
<br />interest coupons to be executed and authenticated by the facsimile signatures of said President and
<br />Clerk, all as of September 1, 1945.
<br />
<br />SB Davidson, President of Village Council
<br />Attest: H.A. Briggs
<br />
<br />(Form of Coupon)
<br />No. ___ $___
<br />
<br />st
<br />On the 1 day of July (January), 19__, the Village of Elk River, Minnesota, will pay to bearer at ___,
<br />in ___, the sum of ____DOLLARS for interest then due on its Electric System Bond dated
<br />September 1, 1945, No. ___.
<br />(Facsimile Signature)
<br />Village Clerk
<br />
<br />Facsimile Signature
<br />President of Village Council
<br />
<br />Coupons numbered 12 to 19, inclusive, shall also contain the words, “Unless called for earlier
<br />redemption”
<br />
<br />3. Said bonds shall be prepared under the direction of the Village Clerk, and shall be executed
<br />in behalf of the Village by the signature of the President of the Village Council, attested by
<br />the Village Clerk, and the Village seal shall be affixed to each thereof; and the interest
<br />coupons shall be executed and authenticated by the printed, engraved, or lithographed
<br />facsimile signatures of said officers. When said bonds have been so executed they shall be
<br />delivered by the Village Treasurer to the purchaser thereof upon receipt of the purchase
<br />
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