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<br />3. Northland Securities, Inc. is authorized and directed to negotiate the Bonds in <br />accordance with the foregoing Terms of Proposal. The City Council will meet at 6:30 o'clock <br />P.M. on June 25, 2003, to consider proposals on the Bonds and take any other appropriate action <br />"vith respect to the Bonds. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by <br /> <br />Councilmember <br /> <br />, and upon vote being taken thereon the following members <br /> <br />voted in favor of the motion: <br /> <br />and the following voted against: <br /> <br />whereupon the resolution was declared duly passed and adopted. <br /> <br />SJB-231866v 1 <br />CEi55-20 <br />