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1966-3759r~, ~~ ,~ o ~ - sprtog ;ua~uanoxdw~ ~xsxodu~ay aq; uF aTquTF~en~e spunk 30 }na pFsd aq ;ouu~a aurss au; ;su; ;ua;xa au; o; `spuog ;uawanoaurur ~ixsxodtuay a~; ~o~et;Fxtysu~ aq; o; aoFxd xo as ttas pus anssF tugs tFounoo aq; +~oFtlM spuog ;ua~tanoxd -~F anF3FuF3dP 3o spaaaoxd aq; ,~o ;no uoasaq~. ;saxa;ut auk pus .spuog eons axF~ax pus ~i~ed ttFM ;-~ 3oaxau; ~Fxn;stu au; o; xotxd xo ;'e 'spuog ;uataanoxd -ruF ~ixsxoduaa3 pFss ,Fo atuF; a~ au~F; uzox~ sxaPtou tts pus aasselosnd au; q;~M saax~~ pus s;u~euanoa pus `t60'bZb uo~g;oaS ~q PapFn.oxd ss ~~.ttp ~~to;:n;s~.s ~;fir sazFluSooa~ xau;xn3 eC; Fo au; ;nq ! s;unooos 9bS Pus ZbS `6gS 'soH s;.aaFoxg NFU 'Pond ~uFKuFS uotutuoU spuog ;uaucanoxdu~Y ~.xsxodruay atl; taox~ atgs~sd aq tT'eLts spuog PF'eS '£ uoFsFaFPgnS `T60°6Zb uoF;oaS `sa~.s~t3;S s;o~auuFW us pazFxou;ns ss ~.;Fa auk. 3o spuog ;uaruanoxdwl a~xsaadmay ~o a3usnssF ~Cq 00'000` Zb gbS •o~ gaaEoxd ~ZFU 00'000` 6£Z ZbS 'oH ;oa~'osd NFU 00°000` ZT$ C~£S 'oAt ~oaE°xd ~~FO~ :sMOtto3 ss s;oa~'oxa ~~U pF~s aousuF,~ a; paMOxxoq aq ti~Is 000`£6Z$ 30 'tuns au; ;'stt; pauF.u~aa;ap ,~gaxstT sF ;I •Z •s;aa~`oxd piss aausuF; o; pan~s~. spuog ;uatu -anoxdtuF ~asxodtua~. ttg uo ;saxa;uF pus tsdFouFxd p'Fsd aq Ttst~s yp~tTM ,~o ;no pus s~.uatuanoxdtut ps~es ~o ~tt~Ksta atT} 3o uossax ~tq .~ia,sadoxd pa;~3aoaq }.suFsBs patnat s;uatussass~ tsFoads Tts ~o spaaooxd au; pFsd~ aq TYsgs puC!3 t;a~t~M o;uF pang ~uFxuFg uaunuoU spuog ;uatua~.oxdtul ~ix~exodtuay at;; uF c~uno~as qbS Pu'e Zb5 `6£~ •so~ ;oafoxd ~~U pa;saxa ~dgaaaq oats sF axatly ~s}uatuanoxdtu~ PF'eS 3o Su~~,sut aq; 'q;FM uoF;oatxuoo uF paxxnouF xo o; ;uap~~u~~ sasuadxa xo .s; soo ss atgsdsd pus anp s;unome t Ts pF ed aq t t~et;s tlo~~q~-: 30 ;nv ptsv uo~;ntosax sFq; o; Zusnsxnd panssF spuog ~i~ssadma; 3o spaa~oxd aq; p~sc~ aq ttst;s t;o~CuM o;uF spuog PuoB 9bS Pus ZbS `6£S ,'soN ;oa~oxd ~'E~ pa~saso ~,gaxaK sF axatjy •s;aa~oxd pFss 3o uoF;onx;suoo_ at;} u;~M t#o~;vauuoo u~ paxxnouF ~itFxsssaoau sasuadxa xo~ pus paxxnouF Mou suo~;ta$~tgo ;a ;uamdsd ate; xo~ ;unotus pFss Moxxoq a; dx~ssaaau au o; pauFwsa;ap dgaxaq s~ ;F pus ~fi~.oafoxd pF'es ~o ;soo at;; xo3 ~uxou~euY~ apFnoxd o; ~tssssaoau 6T~uaaacno ~ 000 `£6Z$ 3o tuns auk. ;sq; ~ pa; sutFT.sa Mau sF ;x •~£TL ~ ~96~' is. Pai ~~3 ~a uaaq ansu~ `s.aar-as tuxo;s pine xa;;nS pus gxno a;asauoo 99bT ss uMOUS! ~$~M -xau;o `9bS ~8 ZbS `6£S •soH ;aa~'oxd NFU 3o s;soo pa;sutF~.ssa '(s;off atm. 'Y . aSMOtTo3 ss •s;osauu~y~ ~~;una~. uTdauuag 'ptaF3uaFg 30 ~F~ aq; 3o j.Faunoo ~;~o .at;; .rig Q81-"IOS~[ ~ BS bZb 'dHFi~ `StiLlI.LVZS ~OS~IIW N.LIA+1 g~[tlQ?i00Qt- NI QN[1rI ~lI7INIS `bS6t dU SCtriOg ,LI~[$WfiA.U?IdWI BELL GZ `SZ ~SgT'dgS `SiNtOS ZN84Vg110?td '"WI ~~lttOdI~S g0 TT~'S Qi~~ rT~ib'fiS52 SFLL JAiI~LUff~Q NU7.~GA'It'~SS~I. 6SL£ •o~ Halsnzosaa 1 1 1 ~~~ -2- 1 i 1 by the council for such purpose. Common Sinking Fund, City Project Nos. 539, 542 and 54.6 accounts, or out of other municipal funds which are properly available 'and are appropriated 3. It is herebq determined to levy special as,~essmen is against benefited property bq reason of the making of City Projects 539, 542 and 546 and ad valorem taxes; if necessary, to produce sums at least 5% in excess of the amounts sufficient to pay principal and interest when due on said tempor- ary improvement bonds and on any definitive bonds to be issued as herein provided, such special assessor ents to be placed on the tax roils subse- quent tq the time when said City Projects have been completed and the total costs thereof have been determined. 4. Said temporary improvement bonds in the amount. of $293,000 shall be dated December 1, 1966; shall be one in number inclusive, in the denomi.~ nation of $293,000, shall bear interest at the rate of 4%. per annum, pay- able semi-annually on June 1 and December 1 of each year,and shall mature on December 1, 1969, shall be subject to redemption and prepayment of any interest payment date, at par and accruercl interest. Not leas than 30 days before the date specified for redemption of said bonds the City ~'reasurer shall mail notice of the call thereof t~, the holder, if knowin, and said Treasurer shall maintain a record of the names and addresses of the holders of said bond insofar as such information is made ava3.lable to him by the holders thereof, for the purpose of mailing said notice. The principafi of and interest on said bond shall be payable at the Richfield City Haii, 6700 Portland Avenue, Minneapolis, Minnesota, 55423. 5. said Temporary improvement bond s3ha11 be mimeographed with attached interest coupon in substantially the following form: -3- UNITED STATES OF AMERICA STATE OP MINNESOT81 COUNTY OP.HENNEPIN CITY OP RTCHPIELD T~IPORARY IMPROVEMENT AND 5BRIES, TWENTY-FNB No. $293,000 KNdN' ALL MEN- BY THESB PRES8NT8 that the City of. Richfield, a duly organ- ized municipal corporation of Hennepin County, Minnesota acknowledges itself to be indebted and for value received, promises to pay to bearer the sum of TWO HUNDRED NINETY THRF.B THOUSAND DOLLARS, on the first day of Dcc¢mber,:1969 qr on a date prior thereto on which this bond has been dgiy called for redemption, and to pay interest thereon from the date hereof until paid or until this bond has been duly called for redemption at the • rate of four percent C4%) per annum, payable semi-annually on the first day of June and the first day of December in each year, interest to maturity being payable in accordance with and upon purchase and surrender of the interest coupon appur tenant thereto. Both principal and interest axe pay- able at the City Hail, City of Richfield, 6700 Portland Ave., Minneapolis, Minnesota, 55423, in any currency. or coin of the United States of America which on the respective dates of payment is pubii~ ten der for private and public debts. Por the prompt .and full payment of such principal and in- terest as the same become due the fu~.l faith, credit and taxing powers of the city are hereby irrevocably pledged. This bond is one, a series in the aggregate principal amount of $293,000, issued by said city for the purpose of defraying expenses incurred aril to be incurred in construction of improvements designated as °.'City Project Nos. 539, 542 and 546, by the City of Richf field, consisting of concxete curb and gutter and storm sewers, and is issued pursuant to and in full conformity with resolutions duly adopted by the city council after hearing as required by law and pursuant to and in full conformity with the Consti- tution and Laws of the State of Minnesota thereunto enabling, including Minnesota Statutes, Section 429.091, Subdivision 3. This bond is payable primarily from the Temporary Improvement Bonds Common Sink~.ng Fund, City Project Nos. 539, 542 and 546 accounts of the city, but the council is re- quired to pay the principal and interest thereon out of any fuxids in the treasurq in the event that the monies pn hand in said funds are at any time cuff icient to meet the payment of maturing principal and interest, and is further required at or prior to the maturity of this bond, to provide for the payment an8 retirement thereof by the issuance of definitive bonds, to the extent, if any, that the assessments and taxes or other municipal funds theretofore collected and received in said Sinking Pund may be insufficient four such purpose. -4- ' 'phis b©nd is subJect to redemption and pre-payment at the option of the city pn anq interest payment date, at a price of par and accrued interest, upon notice of call far redemption mailed not less than 30 days prior to the date specified for such redemption, to the holder, if known. Bond holders desarang to receive such notice may have their names and addresses "and the serial numbers of their bonds recorded by the City Treasurer. IT IS HEREBY. CERTIFIHD, RBCIZBD, C4NVBNANTBD AND AGREBD that ail acts e conditions and thins required by the Constitution and~laws of the State of Minnesota t© be-done, to exist, to happen and to be performed prelim- inary to and in-the issuance of this. bond in order to make it a valid and banding general obligation of said city according to its terms have been done, do exist, have happened and have been performed as so required; that the city has duly determined the necessity. of and provided for the con- struction of"said improvements,• that the Temporary Improvement Bonds C+~mmon Sinking Fund, City Pro3ect Nos. 539, 542 and 546 Accounts have been duly exeated and provision has been made for the support thereof by ad valorem taxes and special assessments to be levied, a t or prior- tm the time of issuance of said definitive bonds, for the years and in aggregate amounts not less than five percent (5%) in excess of sums sufficient to pay the principal and interest on all bonds payable from said fund as such princi- pal and interest become due, and additional taxes, if needed for said pur- pose~ may be levied upon all taxable property in the city, without lamita~ tiara as to rate or amount; that the holder hereof sha11 have and may en- force by appropriate proceedings ail duties imposed by said Chapter 429 upon the city and its officers with reference to the levy and collection of said assessments and taxes and the issuance of said definitive bonds; and that the issuance of this bond did not cause the indebtedness of--said city to exceed any cons titutionai or statutory limitation. IN WITNESS WHEREf~ the City of Richf ieid,, Hennepin County, Minnesota, by its City. Council, has caused this bond to_be executed in its behalf by _... the signature of its mayor and um.nager and sealed with its. eafficial seal, and the interest coupons appurtenant thereto to be executed and authenti- cated by the facsimile signatures of said officers and has caused this brand to be dated, as of December 1~ 1966. Mayor Manager L' ..5. {Form of Coupon) Unless the bond described below is called for earlier redemption No. $586Q.00 On the drat d~.y of June, December, 19~, the City of Richfield, Kennep in Count}+, Mixmesata, wi11_pay to bearer at the City Ha11 of the City of ltichfieid,' 6700 Portland Avenge, Minneapolis, Minnesota, 55423, the sum ®f FIYB'~~AND BIGIiT~~NDRBD ~iXXTYDOLT,ARS lawful money of the United States of ~tmerica fox interest-then due on its Temporary Improvemen t Bond, Series 25, Dated December 1, 1966,. No. Mayor Manager 6. Said bond shaii be prepared under the direction of the city clerk and shall be executed on behalf of the city by the signatures of.the Mayor and Manager, and the corporate seal of the city shaii be affixed thereto aad the appur tenant interest coupon shall be execu ted and authen- ticated, by .the printed, engraved or lithographed facsimile signatures of said-Mayor end Manager. When said bond has been executed and authenti~ ~ Gated, it shall be delivered by .the Treasurer to the purchaser thereof, up6n pagment of the purchase price heretofore agreed upon and said pur- ' chaser. shaii not be obliged to see to the application thereof. 7. The City Clerk 3.s hereby authorized and directed to file a certi- fied copy of this resolution with the County Auditor of Hennepin County, together with such other information as he sha11 require and to obtain from said County Auditor a certif icate that said bonds have been entered on his band register. 8• The officers of the city .and the County Auditor of Hennepin.County are hereby au tho~ized and directed to prepare and furnish to the purchaser of said bond and to the attorneys approving the legality of the issuance thereof, certified copies of ail proceedings and records relating to said bond and to the financial affairs of said city, and such other affidavits, . certificates and information as may be required to show the .facts relat- ing to the legality and marketability of said bond as the same appear from the books and records under their custody and controi.or as Other- wise known. to them, and such certificates, certified copies and. affidavits, including any heretofore furnished, shaii be deemed representations of the city as to the correctness of all statements contained thereon. -6- 9. It is hereby determined that there is at the present time an amount in excess o~ $293,000 in the Improvement Bonds of 1954.Sinking Fund which will not be requied for other purposes prior to December 1, 1969. M Ap 10. It is hereby determined to purchase the aforement3:o~ed $293,000 temporary improvement bond, Series 25, upon initial issuance in accordance with.th~ provisions of Minnesota Statu tes, Section 4 71.56 and 475.66, out of funds in the Improvement Bonds of 1954, Sinking Fund and on behalf of said fund, at par and accrued interest as of the date of deliv- ery of said bond and completion of such sale, it being farther determined to be reasonable aond advantageous to the 1 mprovement Bonds of 1954 to invest in said temporary improvement bond„ Series 25, and it being Further determined to be_ reasonable and advantageous to the city to sell said tem- porary improvement bond, Series 2S in accordance with the provisions of this resolution. li. The city manager,. mayor, and finance officer are hereby au thorized ~,nd directed to take any and all steps rnecessary to aff~ct the provisions of the foregoing resolutions and to make such transfers `of funds as may be necessary from -time to time, to give: effect to the previsions thereof. Passed by the city, council of the City of Richfield this 2?7th .day of Decem- ber, 1966. ~, 1 ,~ Stanley Vd. q~ison, Mayor Edward J. Mol ne, Clerk~Treas. ~~