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<br />" <br /> <br />. <br /> <br />. <br /> <br />~ <br /> <br />.. <br /> <br />NOTICE OF BOND SALE <br />$500,000 <br />GENERAL OBLIGATION REFUNDING <br />BONDS OF 1977 <br />CITY OF ARDEN HILLS <br />RAMSEY COUNTY <br />MINNESorA <br /> <br />NOTICE IS HEREBY GIVEN that these bonds will be offered for <br />sale according to the following terms: <br /> <br />TIME AND PLACE <br /> <br />Monday, February 14, 1977, at 8:00 o'clock P.M., at <br />the City Hall, in Arden Hills, Minnesota. <br /> <br />TYPE OF BONDS <br /> <br />Negotiable coupon general obligation bonds, $5,000 <br />denominations. <br /> <br />DATE OF BONDS <br /> <br />February 1, 1977. <br /> <br />PURPOSE <br /> <br />To refund certain of the City's outstanding Improvement <br />Bonds, Series I, dated November 1, 1970. <br /> <br />INTEREST PAYMENTS <br /> <br />November 1, 1977, and semiannually thereafter on <br />May 1 and November 1. <br /> <br />MATURITIES <br /> <br />May 1 in each of the years 1979 to 1988, both inclusive <br />in the amount of $50,000. <br /> <br />REDEMPTION <br /> <br />At the option of the issuer, bonds maturing on or after <br />May 1, 1984 shall be subject to prior payment, in inverse order of <br />serial numbers, on May 1, 1982 and any interest payment date <br />thereafter, at a price of par and accrued interest. <br /> <br />-2- <br />