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<br /> .. . <br /> 1.03 Notice of sale of $1,200,000 of such bonds has been duly published, and <br /> the Village has publicly received, opened and considered all sealed bids presented <br /> in conformity with the notice. The most favorable of such bids is ascertained to <br /> be that of AMrican Hat'l. Bank & 'l'ruet Co. of St. Paul, M1nne80ta "John <br /> , . <br /> Ruveen & Co. of Chicago, Ill., and associates, to purchase the bonds at a price of <br /> $ 1,180,000 plus accrued interest, and upon the further terms and conditions set <br /> forth in this resolution. <br /> 1.04 The Mayor and Village Clerk-Administrator are directed to execute in <br /> duplicate a contract on the part of the Village for the sale of the bonds in ac- <br /> cordance with the proposal described in Section 1.02, and to deliver a duplicate <br /> to the purchasers. The Treasurer is directed to retain the purchasers' check secur- <br /> ing the contract of sale until the bonds are delivered and the purchase price is <br /> paid, and to return the checks securing other bids to the respective bidders. <br /> Section 2. Form of Bonds and Coupons. <br /> 2.01 The bonds issued hereunder shall be printed in substantially the follow- <br /> ing form, <br /> . <br /> -4- <br />