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�oT=cs aF saz.� $93 � 000 SAIVSTA:RY SEfrdER TMPROVEMENT BOD1D5 , S812I85 8 VILLAGE OF AttDEIJ HI'LLS, RANSBY COUNTY, MINNESO'i�+ NOTICE IS HEREBY GIVEN that the Council of the Village of Arden Hills, Minnesota, will meet in the Council Chambers of tY� Village Fiall in said Village at 8s00 o'clock P.M. on Tuesday, the 17th day of September, 1963, to receive, open and consider sealed bfds for and award the sale of its negotiable coupon general obligation Sanitary Sewer Improv�nent Bonds, Series E, in the principal amount o£ $93,000, to be issued to pay expenses inaurred and to be incurred in the construction of Sanitary Sewer Improvement: • No. 5 aad No. 6, pursuant to the provisiona and under the authority of Minnesota Statutes, Chapter 429. Said bonde will be dated October 1, 1963, will bear interest at the rate or rates to be designated by the succesaful bidder in integral multiples of 1/4 or 1/10 of 19b per annum, payable October 1, 1964, and semiannually thereafter on April 1 and October l of each year and will mature serially on October 1 in the years and amounts as follows: $4,000 1965 - 1966 5,000 i967 - 1983 The'bonds maturing in the years 1974 through 1983 will be callable at ii�e option of the village on October 1, 1968, ana any interest payment date thereafter at par and accrued intereat plus a premium of 296 of the par value thereof if prepaid on or before April l, 1973, and v� thout premium if prepaid on or after October 1, 1973. Of the bonds outstanding at the time of redemption those bearing the highest coupon rate will be prepaid ffrst, in inverse order of their serial numbers. Principal and interest will be made payable at such banking institution in the United States named by purchaser. The bonds will be issued in denomination of $1,000 or $5,000 each, as desired by purchaser. Purchaser is requested to advise the villaqe of denomination and paying agent desired withia 48 hours after the sale. The village wi11 furniah, without cost to the purchaser, and within 30 days after date of sale, the printed and ex�cutefl bonds and approving legal opini.on of Messrs. Dorsey, Owen. Marquart, windhorat & west of Minneapolis, Minnesota; and Messrs. Petereon 6 Popovich af St. Paul, Minneaota, together with certificate stating that there is then no litigation threatened or pending, affecting the validity of the bonds. Sealed bids marked "Bfd for $93,000 Bonda" must be mailed or delivered to the undersigned Vfllage Clerk end must be received at her office prior to the time of ineeting. Oral auction bids will • not be considered. 8ach'hid must be unconditional except aa to legality and must be accompanied by a cashiers or certified check in the amount of $1,860 payable to the Village Treasurer to be reiained as liquidated damages in case the bid be accepted and the bidder shall fail to comply therewith. All bonds of a single maturity shali bear a uniform basic rate of intereet from date of issue until paid and the basic rate of interest payable on each 'bond of theiBaue must not exceed the basic rate of interest payable on other bonds of the same or subsequent msturities. Bidders may specify that all or any of the bonds shall bear interest at an additional rate. to be represented by separate and detachable coupona, for a period expirtng on or before October 1, 1965, provided that the aggreqate amount of intereet represented by