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<br />.. <br />, <br /> NOTICE OF SALE <br /> $ <br /> TEMPORARY IMPROVEIE:NT BONDS <br /> SERIES 2 <br /> VILLAGE OF ARDEN lULLS <br /> RAMSEY COUNTY, MINNESOTA <br />. NOTICE IS HEREBY GIVEN that the Village Council of the <br /> Village of Arden Hills, Ramsey County, Minnesota, will meet in <br /> the Village Hall in said village onWednesdav , the 6th <br />. day of NovP-mher , 1968 at 8:00 o'clock p.m. for the <br /> purpose of receiving and considering sealed bids for the pur- <br /> chase of $s'lf5~ general obligation Temporary Improvement Bonds, <br /> Series 2, of the village, said bonds to be dated 1, <br /> 1968, to bear interest at the rate designated by the successful <br /> bidder, payable July 1, 1969 and semiannualy thereafter on <br /> January 1 and July 1 in each year, all of said bonds to mature on <br /> January 1, 1971. <br /> All bonds of this issue are subject to prior payment in <br /> inverse order of serial numbers on January 1, 1970, at par and <br /> accrued interest. Both principal and interest will be payable at <br /> any suitable bank or trust company in the United States designated <br /> by the successful bidder within 48 hours after award. The village <br /> will furnish, without cost to the purchaser, the mimeographed or <br /> printed and executed bonds in denominations of $1,000 each, or, <br /> at the purchaser's request within 48 hours after award, in any <br /> larger denomination, and the unqualified approving legal opinion <br /> of Messrs. Dorsey, Marquart, Windhorst, West and Halladay of <br /> Minneapolis, Minnesota, and Messrs. Peterson & Popovich of St. <br /> PaUl, Minnesota, together with the customary no litigation <br /> certificate. Delivery will be made anywhere in the United States <br /> within 30 days after acceptance of the bid, without cost to the <br /> purchaser. <br /> Sealed bids marked "Bid for $ ~'llS;,.eee Temporary Improvement <br /> Bonds, Series 2" may be mailed or otherwise delivered to the <br /> undersigned. but must be received by him prior to the time of said <br /> meeting. Each bid must be unconditional except as to bonds being <br /> issued and delivered with said opinion and the no litigation cer- <br /> tificate in conformity with this notice, and each bid must be <br /> accompanied by a certified check or cashier's check payable to the <br />. order of "Village of Arden Hills, Ramsey County, Minnesota" in the <br /> amount of $ to be forfeited as liquidated damages in case <br /> the bid is accepted and the bidder fails to comply therewith. <br />. Each bid shall specify only one interest rate expressed as a <br /> multiple of one-quarter (1/4) or one-tenth (1/10) of one percent <br /> (1%) per annum. No split rate bids will be accepted and bids <br /> shall not provide for supplemental "s" coupons. <br /> The bid offering the lowest net interest cost (total interest <br /> from date of issuance to date of maturity, less any premium <br /> offered) will be deemed the most favorable. No bid for less tban <br />