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<br />. <br /> <br />, <br />( <br />i <br />I <br />, <br />, <br /> <br />c <br /> <br />, <br /> <br />. <br /> <br />expressed in a multiple of five hundredths (5/100) of 1% per annum, <br />not exceeding the rate specified for any other bond having the same <br />or a subsequent maturity, and not exceeding 7% per annum. Interest <br />on each bond to maturity will be represented by a single set of <br />coupons. The bid offering the lowest net interest cost will be <br />deemed the most favorable. Interest cost will be computed as the <br />dollar sum of all interest payable on the bonds to their stated <br />maturities, less any cash premium over par or plus any discount <br />below par at which the purchase price is bid. No bid of less than <br />$1,200,000 plus accrued interest on $1,220,000 at the coupon rates <br />specified to the date of delivery will be considered. The right <br />is reserved to reject any and all bids and to waive any informality <br />in any bid, and to adjourn the sale if deemed necessary. <br /> <br />Dated November 29, 1971. <br /> <br />BY ORDER OF THE VILLAGE COUNCIL <br /> <br />Lorraine Stromquist <br />Village Administrative Clerk <br />Arden Hills, Minnesota <br /> <br />-3- <br />