CCR1997292Excerpts of Minutes of Open Meeting of the
Common Council of the City of Muskego
A duly-convened meeting of the Common Council of the City of
Muskego, Waukesha County, Wisconsin, was held in open session on
December 9, 1997, and called to order by the Mayor at 7:48 P.M.,
Central Time. The following Alderpersons were present-
Aldermen ~'Acquisto, Patterson, Salentine,
Sanders, Slocomb, and Woodard
The following Alderpersons were absent:
Alderman Pionek for deliberation of this issue
The Mayor opened the meeting by announcing that this was an
given to the public at least 24 hours in advanc? of the meeting by
open meeting of the Common Council. Notice of this meeting was
Muskeqo Sun, and to all news media who have requested the same as
forwarding the complete agenda to the official City newspaper, the
well as posting. Copies of the complete agenda were available for
inspection at the City Clerk's office. Anyone desiring
information as to forthcoming meetings should contact the City
Clerk's office.
(Here occurred business not pertinent to the bond
authorization.)
The Mayor announced that the next order of business was to 0 act upon the bids received for the City's bond issue.
The City Clerk announced that 10 bids had been received for
action of the Common Council. The City Clerk indicated that a
the bond issue, which had been advertised for bids pursuant to the
bid and read the following details as to each bid submitted: $122,500 good faith deposit was provided with respect to each such
(See Attached)
DEC 09 '97 02:10pr1 EHLERS a ASSOCIRTES P. 1/1
BID TABULATION
56,125,000 General Obligation Corporate Purpose Bonds
Clty of Muskego, Wisconsin
- SALE: December 9.1997
AWARD: SMITH BARNEY. INC.
RATING: Moodfs lnvesfors Service 'Al' (2006-2012 maturities)
MBIA Insured (Moodvs Investors Service 'Aaa') (2013-2017 maturities)' - BBI: 5.25%
NAME OF BIDDER
~~
RATE YEAR PRICE
NET TRUE
INTEREST INTEREST
COST RATE
SMITH BARNEY, INC.
CRONIN 8 COMPANY, INC.
Chicago, Illinois
Minneapolis, Minnesota
NlKE SECURITIES L.P.
J.C. BRADFORD (L. CO.
Nashville, Tennessee
. Lisle, Illinois
WILLIAM R. HOUGH a COMPANY
4.50% 2006
4.60% 2007
4.70% 2008
4.80% 2009-2010
4.85% 2011-2013
4.90% 2014
5.00% 2015-2017
4.625% 2006
4.75% 2007-2011
4.875% 2012-2017
BETZOLD. BERG & NUSSBAUM. INC.
St. Pecersburg. Florida
Itasca, Illinois
GRIFFIN. KUBIK. STEPHENS a THOMPSON, INC. 4.60% 2006-2008
DAlN BOSWORTH. INC.
Chicago. Illinois 4.625% 2009
Chicago. Illinois 4.70% 2010-2011
4.80% 2012-2013
4.90% 2014
5.00% 2015-2017
HARRIS TRUST a SAVINGS BANK Chicago, Illinois
First Tennessee Capital Markets Mesirow Financial, lm.
NBC Capital Markets Group, Inc.
NationsBank
Southwest Securities. Inc. Wachovia Bank, N.A.
0 'MBIA insurance purchased by Smith Bamey, Inc.
4.50%
4.55%
4.60%
4.70%
4.80%
4.90%
4.95%
5.00%
2006
2008
2007
2009
2010-2012
201 3
201 4
2015-2017
$6,065,422.00
$6,033.830.00
$6,033,125.00
$6,051.540.00
$4,502,909.25
$4.487.466.88
$4.499.256.25
$4.507.285.00
4.9728%
4.9754%
4.9825%
4.9827%
DEC 09 '97 13:16 612 339 8854 PFlGE. 81
DEC 09 '97 12.44Pfl EHLERS % ASSOCIQTES P. 24
$6,125,000 General Obllgation Corporate Purpocu, Bonds
, City of Muskego, Wisconsin Page 2
NET RATE YEAR
TRUE
PRICE INTEREST INTEREST
ABN AMRO CHICAGO CORPORATION
PRUDENTIAL SECURITIES, INC.
ClBC OPPENHEIMER h COMPANY. INC.
MORGAN STANLEY DEAN WWER
Chicago. Illinois
Chicago, Illinois
New York. New York
Chicago, Illinois
PIPER JAFFAAY INC.
Minneapolis, Minnesota First Union Captid Markets
Compass Bank
ROBERT W. BAR0 h COMPANY, INC.
Miiwaukee. Wisconsin
EVEREN SECURITIES, INC.
Chicago. Illinois
A.G. EDWARDS B SONS, INC.
MORGAN KEEGAN 6. COMPANY, INC.
St. Louis, Missouri
Memphis, Tennessee
Stitel. Nicokus & CO., Inc.
PAINEWEBBER, INC.
FBS Investment Services. Inc.
Chicago, Illinois
An operating divlslon d U.S. Banworp Inveswnena. Ino.
4.40%
4.50%
4.60%
4.70%
4.80%
4.85%
4.875%
5.00%
4.50%
4.625%
4.55%
4.70%
4.80%
4.90%
4.85%
4.95%
5.00%
4.50%
4.60%
4.70%
4.80%
4.85%
4.90%
5.00%
5.10%
4.55%
4.50%
4.70%
4.80%
4.90%
4.95%
5.00%
4.50%
4.55%
4.60%
4.70%
4.80%
4.90%
4.95%
5.000h
4.55%
4.70%
4.80%
4.85%
4.90%
4.95%
5.00%
2006
2007
$6,034,801.25 84,501,001.87 4.9843%
2008
2009
201 2
2010-201 1
201 3-201 5
201 6201 7
2006
2007
2009
201 0
201 1
2008
2012
201 3
2014-2017
2006
2007
2008
2010-201 1
2009
2012
2013-2016
201 7
2006
2008
2007
2009-2010
201 1
201 2
2013-2017
2006
2007
2009
2008
2010
201 1
2012
2013-2017
$6.052.488.00 $4,527,672.63 5.0051%
$6,071,325.25 $4,540,118.50 5.0098%
$6.051.371.25 $4,548.735.00 5.0302%
$6,033.125.00 $4,557,343.75 5.0477%
20062007 $6.042.001.75 $4,561,923.25 5.0498%
2008
2009
2010
201 1
2012
2013-2017
DEC 09 '97 11:49 612 339 0854 PRGE .02
The followinq resolution was moved bv Alderverson
D'Acquisto and seconded by Alderperson -pat , and upon roll call vote, duly adopted by a vote of 6ter&L:
Resolution No. 3-97
RESOLUTION AUTHORIZING THE SALE OF $6,125,000
GENERAL OBLIGATION CORPORATE PURPOSE BONDS
WHEREAS the City of Muskego, Waukesha County, Wisconsin (the
"City") has duly received bids for its proposed issue of
$6,125,000 General Obligation Corporate Purpose Bonds (the
"Bonds" ) ; and
WHEREAS it has been determined that the best bid received was
that submitted by Smith Barney Inc. and associates;
NOW, THEREFORE, BE IT RESOLVED that:
Section 1. Award. The bid of Smith Barney Inc., and
associates, for the purchase price of $6,065,422, be and it hereby
is accepted and the Mayor and City Clerk are authorized and
directed to execute an acceptance of the offer of said successful
bidder on behalf of the City. The good faith deposit of the
successful bidder shall be retained by the City Treasurer until
the closing of the bond issue, and any good faith deposits
submitted by unsuccessful bidders shall be promptly returned. a
execute and deliver the Bonds to said purchaser, for and on behalf
of the City. The Bonds shall be negotiable, general obligation bonds of the City, registered as to both principal and interest,
whole multiples thereof, numbered from R-1 upward and dated
in the denomination of Five Thousand Dollars ($5,000) each or
December 1, 1997. The Bonds shall mature on June 1 of each of the
years and shall bear interest at the rates per annum as follows:
Section 2. The Bonds. The Mayor and City Clerk shall make,
Principal Year Amount Interest Rate
2006
2007
2008
2009
2010
2012
2011
2013
2014
$200,000
400,000
425,000
450,000
.500,000
475,000
525,000
550,000
600,000
4.50%
4.70
4.60
4.80
4.80
4.85
4.85
4.85
4.90
-2-
Year Principal
Amount Interest Rate
2015
2016
2017
$625,000
675,000
700,000
5.00%
5.00
5.00
commencing June 1, 1998. Interest shall be computed upon the
Interest shall be payable on June 1 and December 1 of each year,
basis of a 360-day year of twelve 30-day months and will be
Rulemaking Board.
rounded pursuant to the rules of the Municipal Securities
Bonds maturing in the years 2009 through 2017 shall be
whole or from time to time in part on June 1, 2008 or on any day
subject to call and prior payment at the option of the City in
thereafter at the price of par plus accrued interest to the date
of redemption. The amounts and maturities of the Bonds to be
redeemed shall be selected by the City. If less than the entire
principal amount of any maturity is to be redeemed, the Bonds of
that maturity which are to be redeemed shall be selected by lot.
Section 3. Form of Bonds. The Bonds shall be in
substantially the form attached hereto as Exhibit A.
Section 4. Tax Provisions.
paying the principal of and interest on the Bonds as the same
become due, the full faith, credit and resources of the City are
hereby irrevocably pledged and there be and there hereby is levied
on all the taxable property in the City a direct, annual,
sufficient to meet such principal and interest payments when due;
irrepealable tax in such years and in such amounts as are
said tax is hereby levied in the following years and in the
following minimum amounts:
LA) Direct Annual IrreDealable Tax. For the purpose of
Year of Levy Amount Year of Lew Amount
1998
2000
1999
2001
2002
2003
2004
2005
2006
2007
$595,125.00 2008
297,562.50 2009
297,562.50 2010
297,562.50 2011
297,562.50 2012
297,562.50 2013
297,562.50 2014
493,062.50 2015
679,362.50 2016
685,175.00
$689,387.50
692,187.50
693,662.50
693,806.25
692,737.50
714,700.00
709,375.00
726,875.00
717,500.00
without power to repeal such levy or obstruct the collection of
said tax until all such payments have been made or provided for.
(B) Tax Collection. The City shall be and continue
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After the issuance of the Bonds, said tax shall be, from year to
year, carried into the tax rolls of the City and collected as
other taxes are collected, provided that the amount of tax carried
any surplus money in the Debt Service Account created in Section
into said tax rolls may be reduced in any year by the amount of
5 (A) hereof.
(C)
insufficient funds from the tax levy to pay the principal of or
Additional Funds. If in any year there shall be
interest on the Bonds when due, the said principal or interest
shall be paid from other funds of the City on hand, said amounts
to be returned when said taxes have been collected.
(D) ADDroDriation There be and there hereby is
appropriated from proceeds of the Bonds or other funds of the City
on hand a sum sufficient to be deposited in the Debt Service
Account to meet payments with respect to debt service due on June
1, 1998 and December 1, 1998, which sum may be returned to the
general fund upon collection of the taxes herein levied for the
year 1998.
Section 5. Debt Service Fund and Account
(A) Creation and DeDosits. There be and there hereby is^
established in the treasury of the City, if one has not already
been created, a debt service fund separate and distinct from every
other fund, which shall be maintained in accordance with generally
accepted accounting principles. Sinking funds established for
obligations previously issued by the City may be considered as
separate and distinct accounts within the debt service fund.
Within the debt service fund, there be and there hereby is
established a separate and distinct account designated as the
Purpose Bonds' dated December 1, 1997" (the "Debt Service
"Debt Service Account for $6,125,000 'General Obligation Corporate
Account") and said Account shall be maintained until the
indebtedness evidenced by the Bonds is fully paid or otherwise
extinguished. The City Treasurer shall deposit in such Debt
Service Account (i) all accrued interest received by the City at
herein levied for the specific purpose of meeting principal of and
the time of delivery of and payment for the Bonds; (ii) the taxes
necessary at any time to pay principal of and interest on the
interest on the Bonds when due; (iii) such other sums as may be
Bonds when due; (iv) any premium which may be received by the City
over and above the par value of the Bonds and accrued interest
thereon; (v) surplus monies in the Borrowed Money Fund as
specified in Section 6 hereof; and (vi) such further deposits as
may be required by Sec. 67.11, Wis. Stats.
(B) Use and Investment. No money shall be withdrawn
from the Debt Service Account and appropriated for any purpose
other than the payment of principal of and interest on the Bonds
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until all such principal and interest has been paid in full and
principal of. and interest on the Bonds prior to the scheduled
canceled; provided (i) the funds to provide for each payment of
receipt of taxes from the next succeeding tax collection may be
maturing in time to make such payments when they are due or in
invested in direct obligations of the United States of America
other investments permitted by law; and (ii) any funds Over and
above the amount of such principal and interest payments on the
Bonds may be used to reduce the next succeeding tax levy, or may,
permitted by and subject to Section 67.11(2)(a), Wis. Stats., in
at the option of the City, be invested by purchasing the Bonds as
other obligations of the City or in other investments permitted by
interest-bearing obligations of the United States of America, in
law, which investments shall continue to be a part of the Debt
Service Account.
paid in full and canceled, and all permitted investments disposed
of, any money remaining in the Debt Service Account shall be
deposited in the general fund of the City, unless the Common
Council directs otherwise.
J-. When all of the Bonds have been
City upon the delivery of the Bonds to the purchaser thereof
except for accrued interest and premium, if any, shall be
deposited by the City Treasurer into a Borrowed Money Fund and
such fund shall be maintained separate and distinct from all other
purposes for which the Bonds are issued. Monies in the Borrowed
funds of the City and shall be used for no purpose other than the
Money Fund may be temporarily invested as provided in Section
66.04(2), Wis. Stats. Any monies, including any income from
permitted investments, remaining in the Borrowed Money Fund after
the purposes for which the Bonds have been issued have been
accomplished, and, at any time, any monies as are not needed and
which obviously thereafter cannot be needed for such purposes
shall be deposited in the Debt Service Account.
Section 6. Borrowed Monev Fund. All monies received by the
resolution shall be legal investments, but no such investment
shall be made in such a manner as would cause the Bonds to be
Internal Revenue Code of 1986, as amended (the "Code") or the
"arbitrage bonds" within the meaning of Section 148 of the
Regulations of the Commissioner of Internal Revenue thereunder
responsibility for issuing the Bonds, shall certify as to facts,
(the "Regulations"); and an officer of the City, charged with the
estimates, circumstances and reasonable expectations in existence
on the date of closing which will permit the conclusion that the
Bonds are not "arbitrage bonds," within the meaning of said Code
or Regulations.
Section 7. No Arbitraae. All investments permitted by this
Section 8. Pe rsons Treated as Owners: Transfer of Bonds.
The Citv Clerk shall keep books for the reqistration and for the
transfe; of the Bonds. ?he person in whose name any Bond shall be
-5- cm111(~\~096685.1
registered shall be deemed and regarded as the absolute owner thereof for all purposes and payment of either principal or
interest on any Bond shall be made only to the registered Owner
thereof. All such payments shall be valid and effectual to
satisfy and discharge the liability upon such Bond to the extent
of the sum or sums so paid.
by surrender of the Bond at the office of the City Clerk, duly
endorsed for the transfer or accompanied by an assignment duly
executed by the registered owner or his attorney duly authorized
in writing. Upon such transfer, the Mayor and City Clerk shall
execute and deliver in the name of the transferee or transferees a
new Bond or Bonds of a like aggregate principal amount, series and
maturity, and the City Clerk shall record the name of each
transferee in the registration book. No registration shall be
made to bearer. The City Clerk shall cancel any Bond surrendered
for transfer.
Any Bond may be transferred by the registered owner thereof
The City shall cooperate in any such transfer, and the Mayor
necessary to effect any such transfer.
and City Clerk are authorized to execute any new Bond or Bonds
interest payment date shall be the record dates for the Bonds.
Payment of interest on the Bonds on any interest payment date
on the registration book of the City at the close of business on
shall be made to the registered owners of the Bonds as they appear
the corresponding record date.
The fifteenth day of each calendar month next preceding each
represents and covenants that the projects financed by the Bonds
and their ownership, management and use will not cause the Bonds
of the Code and that the City shall comply with the provisions of
to be “private activity bonds” within the meaning of Section 141
of the interest on the Bonds including, if applicable, the rebate
the Code to the extent necessary to maintain the tax-exempt status
other officer of the City charged with the responsibility of
requirements of Section 148(f) of the Code. The City Clerk or
City certifying that the City can and covenanting that it will
issuing the Bonds shall provide an appropriate certificate of the
comply with the provisions of the Code and Regulations.
Section 9. Comuliance with Federal Tax Laws. (a) The City
the requirements and restrictions of any different or additional
provided that in meeting such requirements the City will do so
federal legislation which may be made applicable to the Bonds
only to the extent consistent with the proceedings authorizing the
Bonds and the laws of Wisconsin, and to the extent that there is a
reasonable period of time in which to comply.
(b) The City also covenants to use its best efforts to meet
The Bonds are hereby designated as “qualified tax-exempt
Section 10. Desianation as Oualified Tax-Exemut Obliaations.
obligations" for purposes of Section 265 of the Code relating to
the ability of financial institutions to deduct from income for
federal income tax purposes, interest expense that is allocable to
carrying and acquiring tax-exempt obligations.
Book-Entry-Only System. In order to make the Bonds eligible for
the services provided by The Depository Trust Company, New York,
New York, the City agrees to the applicable provisions set forth
in the Blanket Issuer Letter of Representations previously
executed on behalf of the City and on file in the City Clerk's
office.
Section 11. Utilization of The DeDository Trust ComDanv
Section 12. Pavment of Issuance ExDenses. The City
authorizes the purchaser to forward the amount of Bond proceeds
Trust Company, Minneapolis, Minnesota on the closing date for
allocable to the payment of issuance expenses to Resource Bank &
Ehlers and Associates, Inc.
further distribution as directed by the City's financial advisor,
Section 13. Official Statement. The Common Council hereby
approves the Official Statement with respect to the Bonds
including addenda submitted at this meeting and deems the Official
All actions taken by officers of the City in connection with the
Statement and addenda as "final" for purposes of SEC Rule 15~2-12..
preparation of such Official Statement and addenda are hereby
Bonds, the appropriate City official shall certify the Official
ratified and approved. In connection with the closing for the
Official Statement and addenda to be distributed to the purchaser
Statement and addenda. The City Clerk shall cause copies of the
of the Bonds.
The City covenants and agrees, for the benefit of the holders of
the Bonds, to enter into a written undertaking (the "Undertaking")
required by SEC Rule 15~2-12 promulgated by the Securities and
Exchange Commission pursuant to the Securities and Exchange Act of
1934 (the "Rule") to provide continuing disclosure of certain
financial information and operating data and timely notices of the
Undertaking shall be enforceable by the holders of the Bonds or by
occurrence of certain events in accordance with the Rule. The
the original purchaser(s) of the Bonds on behalf of such holders
enforce the Undertaking shall be limited to a right to obtain
(provided that the rights of the holders and the purchaser(s) to
specific enforcement of the obligations thereunder and any failure
by the City to comply with the provisions of the Undertaking shall
not be an event of default with respect to the Bonds).
Section 14. Undertakins to Provide Continuins Disclosure.
responsibility for issuing the Bonds, shall provide a Continuing
Disclosure Certificate for inclusion in the transcript of
proceedings, setting forth the details and terms of the City's
Undertaking.
The City Clerk, or other officer of the City charged with the
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a separate record book and shall record a full and correct
statement of'every step or proceeding had or taken in the course
of authorizing and issuing these Bonds.
Section 15. Records. The City Clerk shall provide and keep
determines to obtain municipal bond insurance with respect to the
Bonds, the officers of the City are authorized to take all actions
necessary to obtain such municipal bond insurance. The Mayor and
City Clerk are authorized to agree to such additional provisions
as the bond insurer may reasonably request and which are
acceptable to the Mayor and City Clerk including provisions
procedure under the municipal bond insurance policy, the rights of
regarding restrictions on investment of Bond proceeds, the payment
by the bond insurer and notices to be given to the bond insurer.
the bond insurer in the event of default and payment of the Bonds
In addition, appropriate reference to the municipal bond insurance
policy shall be made in the form of Bond provided herein.
Section 16. Bond Insurance. If the purchaser of the Bonds
Section 17. Closinq. The Mayor and City Clerk are hereby
purchaser thereof upon receipt of the purchase price. The Mayor
authorized and directed to execute and deliver the Bonds to the
and City Clerk may execute the Bonds by manual or facsimile
signature, but at least one of said officers shall sign the Bonds
manually.
The officers of the City hereby are directed and authorized
practicable hereafter, in accordance with the terms of sale to take all necessary steps to close the bond issue as soon as
thereof, and said officers are hereby authorized and directed to
execute and deliver such documents, certificates and
acknowledgments as may be necessary or convenient in accordance
therewith.
Adopted and approved December 9, 1997.
Mayor
City Clerk
The Mayor thereupon declared the Resolution adopted and
approved.
(Here occurred business not pertinent to the bond issue.)
Upon motion made and seconded, the meeting was adjourned.
Dated December - , 1997 City Clerk
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EXHIBIT A
(Form of Bond)
UNITED STATES OF AMERICA
COUNTY OF WAUKESHA
STATE OF WISCONSIN
CITY OF MUSKEGO
GENERAL OBLIGATION CORPORATE PURPOSE BOND
Date of
Number Maturitv Date Oriainal Issue Amount CUSIP
R- December 1, 1997 $
KNOW ALL MEN BY THESE PRESENTS: That the City of Muskego,
Waukesha County, Wisconsin (the "City"), hereby acknowledges
itself to owe and for value received promises to pay to
principal amount of
($ ) on the maturity date specified above, toaether with
, or registered assigns, the
DOLLARS
interest thereon from December 1, 1957 or the most'recent payment
date to which interest has been paid, unless the date of
month immediately preceding an interest payment date, in which
registration of this Bond is after the 15th day of the calendar
case interest will be paid from such interest payment date, at the
rate per annum specified above, such interest being payable on
June 1 and December 1 of each year, with the first interest on
this issue being payable on June 1, 1998. For the prompt payment
of this Bond with interest hereon as aforesaid, the full faith,
credit and resources of the City have been and are hereby
irrevocably pledged.
Bonds of this issue maturing in the years 2009 through 2017
shall be subject to call and prior payment at the option of the
City in whole or from time to time in part on June 1, 2008, or on
any day thereafter, at the price of par plus accrued interest to
the date of redemption. The amounts and maturities of the Bonds
entire principal amount of any maturity is to be redeemed, the
to be redeemed shall be selected by the City. If less than the
by lot. Notice of such call shall be given by the mailing of a
Bonds of that maturity which are to be redeemed shall be selected
notice thereof by registered or certified mail at least thirty
owner of each Bond to be redeemed at the address shown on the
(30) days prior to the date fixed for redemption to the registered
registration books.
Both principal hereof and interest hereon are hereby made
payable to the registered owner in lawful money of the United
only upon presentation and surrender of this Bond at the office of
States of America. The principal of this Bond shall be payable
the City Treasurer. Interest hereon shall be payable by check or
draft dated as Of the applicable interest payment date and mailed
from the office Of the City Treasurer to the person in whose name
day of the calendar month next preceding each interest payment
this Bond is registered at the close of business on the fifteenth
date.
This Bond is transferable only upon the books of the City
kept for that purpose at the office of the City Clerk, by the
registered owner in person or his duly authorized attorney, upon
surrender of this Bond together with a written instrument of
transfer (which may be endorsed hereon) satisfactory to the City
Clerk duly executed by the registered owner or his duly authorized
principal amount, series and maturity shall be issued to the
attorney. Thereupon a new Bond or Bonds of the same aggregate
person in whose name this Bond is registered as the absolute owner
transferee in exchange therefor. The City may deem and treat the
hereof for the purpose of receiving payment of or on account of
Bonds are issuable solely as negotiable, fully-registered Bonds
the principal or interest hereof and for all other purposes. The
without coupons in authorized denominations of $5,000 or any whole
multiple thereof.
which is of like original issue date and tenor except as to
numbers, interest rates, redemption privilege and maturities,
the construction of police facilities; and $4,425,000 to finance
issued for the following public purposes: $1,700,000 to finance
the Common Council and in full conformity with the Constitution
library projects; pursuant to initial resolutions duly adopted by
and laws of the State of Wisconsin thereunto enabling.
This Bond is one of an issue aggregating $6,125,000, each of
This Bond has been designated by the City as a "qualified
tax-exempt obligation" for purposes of Section 265 of the Internal
Revenue Code of 1986, as amended.
It is hereby recited and certified that all acts, conditions
and things required by law to be done precedent to and in the
issuance of this Bond have been done, have happened and have been
performed in regular and due form, time and manner; that a direct,
annual irrepealable tax has been levied by the City sufficient in
times and amounts to pay the interest on this Bond when it falls
due and also to pay and discharge the principal hereof at
maturity; and that this Bond, together with all other existing
statutory limitation of indebtedness.
indebtedness of the City, does not exceed any constitutional or
-2-
Wisconsin has caused this Bond to be executed in its behalf by its IN WITNESS WHEREOF, the City of Muskego, Waukesha County,
duly qualified and acting Mayor and City Clerk, and its corporate
seal to be impressed hereon, all as of the date of original issue
specified above.
(SEAL)
CITY OF MUSKEGO,
WAUKESHA COUNTY, WISCONSIN
BY BY City Clerk Mayor
-3-
0
(Form of Assignment)
FOR VALUE RECEIVED the undersigned hereby sells, assigns and transfers unto
of Assignee)
(Please print or typewrite name and address, including zip code,
Please insert Social Security or other
identifying number of Assignee
the within Bond, and all rights thereunder, hereby irrevocably
constituting and appointing
Attorney to transfer said Bond on the books kept for the
registration thereof with full power of substitution in the
premises.
Dated:
NOTICE: The signature to this
assignment must correspond with
the name as it appears upon the
particular, without alteration or
face of the within Bond in every
enlargement or any change what-
ever.
Signature(s) guaranteed by:
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