Laserfiche WebLink
<br />. <br /> <br />. <br /> <br />. <br /> <br />[Face of the Bonds] <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF SHERBURNE <br />CITY OF ELK RIVER <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 1988A <br /> <br />Rate <br /> <br />Maturity <br /> <br />Date of <br />original Issue <br /> <br />CUSIP <br /> <br />May 1, 1988 <br /> <br />REGISTERED OWNER: <br /> <br />PRINCIPAL AMOUNT: <br /> <br />DOLLARS. <br /> <br />KNOW ALL PERSONS BY THESE PRESENTS that City of Elk River, <br />Minnesota, (the Issuer), acknowledges itself to be indebted and <br />for value received hereby promises to pay to the registered <br />owner specified above, or registered assigns, the principal <br />amount specified above on the maturity date specified above, <br />unless called for earlier redemption, with interest thereon <br />from the date hereof at the annual rate specified above <br />(calculated on the basis of a 360-day year of twelve 30 day <br />months), payable on February 1 and August 1 (the Interest <br />Payment Date) in each year, commencing February 1, 1989, until <br />the principal sum is paid or has been provided for. The <br />principal of and premium, if any, on this Bond are payable upon <br />presentation and surrender hereof at the principal office of <br />, a duly organized and validly <br />existing under the laws of (the Registrar), acting <br />as paying agent, or any successor paying agent duly appointed <br />by the Issuer. Interest on this Bond will be paid on each <br />Interest Payment Date by check or draft mailed to the <br />registered owner at the address appearing on the bond register <br />maintained by the Registrar at the close of business on the <br />15th day, whether or not a business day, of the calendar month <br />next preceding such Interest Payment Date. The principal of <br />and premium, if any, and interest on this Bond are payable in <br />lawful money of the United States of America. For the prompt <br />and full payment of such principal and interest as the same <br />respectively become due, the full faith and credit and taxing <br />powers of the Issuer have been and are hereby irrevocably <br />pledged. <br /> <br />IT IS HEREBY CERTIFIED, RECITED, COVENANTED, AND AGREED <br />that all acts, conditions, and things required by the <br />Constitution and laws of the State of Minnesota to be done, to <br />exist, to happen, and to be performed precedent to and in the <br />issuance of this Bond, in order to make it a valid and binding <br />general obligation of the Issuer in accordance with its terms, <br /> <br />8 . <br />