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. . NOTICE OF SALE $1,200,000 IMPROVEMENT BONDS . VILLAGE OF ARDEN HILLS, RAMSEY COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that the Village Council of the Village of Arden Hills will meet in the Village Hall in said Village, on Monday, November 16,. 197D, at 8:00 o'clock P.M., to receive, open and consider sealed bids for the purchase of $1,200,000 Improvement Bonds of the Village to be dated as of November 1, 1970. The bonds will be issued in denomination of $5,000 each and numbered serially, will bear interest at a rate or rates designated by the successful bidder subject to the limitations stated below, payable May 1, 1971 and semiannually thereafter on November 1 and May 1 in each year, and will mature in order of serial numbers on November 1 in the following respective years and amounts: $70,000 1971 - 1985 50,000 1986 - 1988 The bonds maturing in the years 1971 through 1980 will not be subject to redemption before maturity. The bonds maturing in the years 1981 through 1988 will be each subject to redemption and pre- payment at the option of the Village Council in inverse order of their serial numbers on November 1, 1975, and any interest payment date thereafter, at par plus accrued interest to the redemption date plus a premium of 2% of the principal amount if prepaid on or before May 1, 198D, and without premium if prepaid on or after November 1, 1980. principal and interest will be made payable at a suitable bank in the United States designated by the successful bidder, subject to approval of the Village Council. The Village will furnish without cost to the purchaser and within 30 days after award of sale, the printed and executed bonds and the unqualified approving legal opinion of Messrs. Dorsey, Marquart, Windhorst, West & Halladay, of Minneapolis, Minnesota, and Messrs. Peterson & Popovich of St. Paul, Minnesota, and a certified transcript of proceedings authorizing the issue, including a certificate showing absence of litigation. The text of the legal opinion will be printed on the reverse side of each bond. Delivery will be made without cost to the purchaser at any point in the United States. Payment for the bonds must be made in funds immediately available to the Village on the date of delivery.