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7/17/2007 9:20:01 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
7814
Resolution Title
Authorizing and Providing for Public Sale of $2,885,000 General Obligation Improvement Bonds, Series 12
Resolution Date Passed
9/23/1985
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<br />callable at the option of the Issuer on November 1, 1992, and any <br />interest payment date thereafter, at a price of par plus accrued <br />interest. Redemption may be in whole or in part of the bonds <br />subject to prepayment. If redemption is in part, the bonds <br />remaining unpaid which have the latest maturity date shall be <br />prepaid first and if only part of the bonds having a common <br />maturity date are called for prepayment, these specific bonds to <br />be prepaid shall be chosen by lot by the Registrar. <br /> <br />REGISTRAR <br /> <br />'. <br /> <br />The Issuer will name the Re~istrar which shall be subject to <br />applicable SEC regulations. Pr1ncipal will be payable at the <br />main corporate office of the Registrar and interest will be <br />payable by check or draft of the Registrar mailed to the <br />registered holder of the bond at his address as it appears on the <br />books of Registrar. The Issuer will pay reasonable and customary <br />charges for services of the Registrar. <br /> <br />CUSIP NUMBERS <br /> <br />These bonds will be printed without CUSIP numbers unless <br />requested by the purchaser who must agree in the offer for the <br />Bonds to pay all costs and expenses thereof including printing <br />and CUSIP Service Bureau charges. Any failure to print such <br />numbers or errors in printing shall not be cause for failure or <br />refusal of the purchaser to accept delivery of and pay for the <br />bonds in accordance with the purchase contract. The purchaser <br />shall waive any extension in delivery time due to use of the <br />number and shall accept all responsibility in connection with use <br />of CUSIP numbers. <br /> <br />DELIVERY <br /> <br />Bonds will be delivered on or before November 15, 1985, sub- <br />ject to approving legal opinion of Messrs. Knutson, Flynn & <br />Hetland, Professional Association, of St. Paul, Minnesota, and <br />Messrs. Briggs and Morgan, Professional Association, of St. Paul <br />and Minneapolis, Minnesota. Bond printing and legal opinion will <br />be paid by Issuer and delivery will be anywhere in the continen- <br />tal United States without cost to the purchaser. Legal opinion <br />will be printed on the bonds. <br /> <br />TYPE OF BID <br /> <br />Sealed bids of not less than $2,828,432 and accrued interest <br />on the principal sum of $2,885,000 from date of bonds to date of <br />delivery must be filed with the undersigned prior to the time of <br />sale, together with a certified or cashier's check in the amount <br />of $57,700 payable to the order of the Treasurer of the Issuer, <br />to be forfeited as liquidated damages if bidder fails to comply <br />with accepted bid. Bids for the bonds may be mailed or delivered <br />to the office of Knutson, Flynn & Hetland, Pioneer Press/Dispatch <br />Building, 345 Cedar Street, Suite 800, St. Paul, Minnesota, <br />Minnesota 55101-1062 and must be received at their office prior <br />
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