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Last modified
7/17/2007 8:38:06 AM
Creation date
12/2/2004 9:13:12 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
9391
Resolution Title
Awarding the lowest interest cost bid of 4.97518 percent for the $2,750,000 Improvement Bonds, Series 23 to Norwest Investment Services, Inc. (3/10/97).
Resolution Date Passed
3/10/1997
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<br />Mayor and the City Manager, provided that allsignátures may be printed, engraved or <br />lithographed facsimiles of the originals. In case any officer whose signature or a facsimile of <br />whose signature appears on the Bonds ceases to be such officer before the delivery of any Bond, <br />such signature or facsimile will nevertheless be valid and sufficient for all purposes, the same as <br />if the officer had remained in office until delivery. Notwithstanding such execution, a Bond will <br />not be valid or obligatory for any purpose or entitled to any security or benefit under this <br />Resolution unless and until a certificate of authentication on the Bond has been duly executed by <br />the manual signature of an authorized representative of the Registrar. Certificates of <br />authentication on different Bonds need not be signed by the same representative. The executed <br />certificate of authentication on each Bond is conclusive evidence that it has been authenticated <br />and delivered under this Resolution. When the Bonds have been so prepared, executed and <br />authenticated, the Finance Director will deliver the same to the Purchaser upon payment of the <br />purchase price in accordance with the contract of sale heretofore made and executed, and the <br />Purchaser is not obligated to see to the application of the purchase price. <br /> <br />2.06. Temporary Bonds. The City may elect to deliver in lieu of printed definitive <br />Bonds one or more typewritten temporary Bonds in substantially the form set forth in Section 3 <br />with such changes as may be necessary to reflect more than one maturity in a single temporary <br />bond. Upon the execution and delivery of definitive Bonds the temporary Bonds will be <br />exchanged therefor and cancelled. <br /> <br />Section 3. <br /> <br />Form of Bond. <br /> <br />3.01. The Bonds will be prepared in substantially the following form: <br /> <br />[Face of the Bond] <br /> <br />UNITED STATES OF AMERICA <br />STATE OF MINNESOTA <br />COUNTY OF RAMSEY <br />CITY OF ROSEVILLE <br /> <br />Rate <br /> <br />GENERAL OBLIGATION IMPROVEMENT BOND, SERIES 23 <br />Date of <br />Maturity Original Issue <br /> <br />CUSIP <br /> <br />March 21, 1997 <br /> <br />No. <br /> <br />$ <br /> <br />Registered Owner: Cede & Co. <br /> <br />DJK1l8730 <br />RS200-19 <br />
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