CC 05-12-1958 - Laserfiche WebLink

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2. The Village Clerk is hereby authorized and directed to cause not less than ten days notice of the time, place and purpose of said meeting to be published in the official newspaper and in Commercial West . in the manner provided by law, which notice shall be in substantially the following form: NOTICE OF BOND SALE $10,000.00 VILLAGE OF ARDEN HILl.$, ltAMSEY COUNTY, MINNI:SOTA REAL I:STATE PURCHASE BONDS OF 1958 Sealed bids will be received by the Village Council of Arden Hills, Ramsey County, Minnesota, at the Village Hall on Highway 96 between Snelling and Hamline Avenues, in the Village of .Arden Hills, Ramsey County, Minnesota, on Tuesday, June 9, 1958 until 7: 00 o'clock P. M., Central Daylight Saving Time, at which time they will be publicly opened and announced, for the purchase of $10, 000. 00 general obligation real estate purchase bonds of 1958 of said Village, for the purpose of providing money for the purchase of certain real estate in the Village of Arden Hills. Said bonds will be general obligations of the Village and the full faith, credit and taxing powers and reSOurces of the Village will be pledged to the payment of the principal and interest of said bonds. The bonds will be dated June 15, 1958, will be in the denomination of $1,000.00 each, and will mature, serially, on June 15, in the years and amounts as follows: $2,000.00 in 1959, $2,000.00 in 1960, $2,000.00 in 1961, $2,000.00 in 1962, and $2,000.00 in 1963. The bonds will be issued in bearer form with the coupons attached and will be payable as to both principal and interest at any suitable bank designated by the successful bidder. Each bid must specify in multiples of one quarter or one tenth of one percent a si4tgle rate of interest not in excess of five percent - 2 -