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Trustee <br />its adoption: <br />�'�1i�u introduced the fallowing reaolution and �ved <br />RESOLUrION AWARDIPBG SALS OF $93,� <br />SANITARY SEWER IMPROVII�NT BONDB� <br />SERIES E <br />BE IT RffiOL1iED by the Co�mcil of the Villsge of Arden Hills, Minnesota, <br />that advertisement for bids for the purchase of $93,000 Sanitary Sewer Improvement <br />Bonds, Series E; has been duly published and all bids received pursuent thereto have <br />been ned and considered, aad the highest and beat of such bids ie that af ''� <br />•i1�xi��n 1latiouasl H�Ak st /t.P��tl , of �i.pavl, M�msu�ts , <br />� to purchase the bonds a,t a price of par snd accrued interest plus a premiwn of <br />�•� , the bonds maturing in the years set forth below to bear intereat at the re- <br />spective rates per annum set opposite such maturity years, fr� date of isaue until <br />paid: <br />Matur3ty Yeara <br />��a — ilss <br />1l�Q - 1ii72 <br />a.��s — a.4�e <br />�a� — ise3 <br />. <br />Interest Rates <br />i.(ii�xi <br />3. 709i <br />a.so�c <br />9.6� <br />plus add3tional interest at the rate ofii.4iiy6 per annum on each bond f'rom i1�et. 1, <br />19b3 to Cot. 1 , 1964, to be represented by separate and detachable "B" cou- <br />pons. Said bid shall be and is hereby accepted, and the Mayor and Villege Clerk are <br />hereby authorized forthwith to endorse such acceptance on a copy of said bid and re- <br />turn the same to said bidder. The good faith check ftxrnished by the purchaser sha11 <br />be retained pending delivery of the b�ds and payment oi the i1�1.1 purchase price <br />thereof, and the Clerk ahe11 Porthwitb return the checks oY other biddera. <br />The motion for the adoption oP the faregoing resalution was duly seconded <br />��� <br />}�y � Stsp�qttist , and upoa vote being taken thereon, the follawing <br />voted in Pavor thereoY: "�l <br />and the following voted agaiast the same: �� <br />whereupon said resolution was declared duly passed and adopted. <br />Trustee ���u then introduced the fallawing resalution and <br />moved ita adoptioa: <br />RESOLUTION AifPS�RIZING THE I33UANCE OF BONla6 <br />TO FINANCE SANITARY SEWER IMPROVH�IEPITS N0. 5 <br />AND N0. 6 AIdD ESTABLISHIPR� THE F0I89 AND 7.'ERMS <br />oF $93,00o Sa,rrtTa� SSw�t n�xov�T aorrns, <br />s� E <br />follows: <br />BE IT RESOLVED by the Council oP the Village of Arden Hills, Minnesota, as <br />1. The Village hsa by resolutions adopted by this Council on November 27� <br />1961 and Jane 4, 1963, after notices and hearings as prescribed by law, ordered the <br />c�etruction of local improvements pursusut to and in accordance with the provisions <br />of Minnesota Statutes, Chapter 429, des3gaated as "Sanitary Sewer Improvemeat No. 5" <br />-2- <br />