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<br />DELIVERY <br /> <br />Bonds will be delivered on or before July 6 ,1983, subject <br />to approving legal opinion of Messrs. Peterson, Popovich, <br />Knutson & Flynn, P.A., of St. Paul, Minnesota and Briggs and <br />Morgan P.A., of St. Paul and MiD~eapolis, Minnesota. Bond <br />printing and legal opinion will be paid by issuer and delivery <br />. will be anY'\vhere in the continental United States without cost ~. <br />to the purchaser. Legal opinion will be printed on the bonds. <br /> <br />TYPE OF BID <br /> <br />Sealed bids of not less than $ 5,130,521and accrued interest <br />on the principal sum of $5,125,000 from date of bonds to date <br />of delivery, together with a certified or cashier's check in <br />the amount of $ 102,500 , payable to the order of the <br />Treasurer, to be forfeited as liquidated damages if, bidder <br />fails to comply with accepted bid, may be mailed or delivered <br />to the office of Peterson, Popovich, Knutson & Flynn, 345 Cedar <br />Building, St. Paul, Minnesota 55101, and must be received at <br />their office prior to 3:00 P.M. on June 6 ,1983, at which <br />time the bids will be opened and tabulated. <br /> <br />RATES <br /> <br />All rates must be in integral multiples of l/20th of 1% and may <br />not exceed the maximum interest.rate allowed by law at the time <br />of sale. Additional interest coupons may not be used. No <br />limitation is placed upon the number of rates which may be <br />U!~ ed. <br /> <br />AWARD <br /> <br />Award will be made solely on the basis of lowest dollar <br />interest cost, determined by addition of any discount to and <br />deduction of any premium from the total interest on all bonds <br />from their date to their stated maturity. The net effective <br />average rate of the issue may not exceed the maximum interest <br />rate allowed by law at the time of sale. <br />