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Continued Pag~ 2. 1 ~~embrez introduced the following resolution and moved its adoption: A RESOLUTION ACCEPTING BIn ON SALE OF C1'RTIFICATES AND FIXING TIlE RA'lE OF INTEREST BE IT RESOLVED, by the Council of the Villa6e of Roseville, Minnesota, as follows: 1. That the bid of The American National Bank of st. Paul, !!innesota to purchase $38,000.00 Fire and street Equipment Certificates of Indeptedness of this Village at the rate of 1.ßO% per cent per annum and to pay therefor the surn of $38,070.00 is hereb~r found, determined and declared to bo the most favorable bid received anù is hereb~r accepted and said certificates are hereby awarcled to said bidder. The Village Clerk is directed to r eta1n the deposit of sAid bià der and to forthwith return the good faith checks or drafts to the unsuccessful bidders. 2. The rate of interest said certificates shall bear is hereby fixed at 1.80% per cent per annUI.l. 3. Said certificates shall be p~yable at the American National Bank of St. Paul. Member Hammersten seconded the motion for the adoption of the foregoing re- solution and upon vote being taken thereon the following voted in favor thereof: George'Connor, B. H. HaI..illlersten, George Uembrez, Edward Willmus, Harry Carlson, and the following voted against the same: none. Whereupon said resolut:1.on was declared paHsed and ;¡¿opted. Member Hammersten introduced the follov.ring resolution 1md moved its adoption: A PJ~SOLUTION PROVIDING FOH THE I5SUANCE OF $38,000.00 FIRE AND STREET ECiUIPMJ<1¡T CERTIFICATES OF INDEBTEDNESS AND LI:VYING AT1\..,( FOH THE PAYMENT THEREOF BE IT RESOLVED by the Village Council of the Village of Roseville, Minnesota, as follows: 1. The Village shall forthwith issue its negotiablü coupon general obliga- tion certificates of indehtedness in the aggregate principal amount of $38,000.00, to be 38 in number, numberer. from 1 to 38, both inclu Rive, in the deno!Jinaticn of $1,000.00 eAch dated January 2, 1953 bearing interest at the rate of one a.nd eighty hundredths per cent (1.80%) per annum, payahle January 2, 1954 and semi- annually thereafter on July 1 and JanùaIJr 2 òf each year and to mature serially on Januar~r 2 in the years and amounts as follows: $5,000.00 in each of the yoars 1954 to 1956, both inclusive, in the yea.r 1957, and in the year 1958, $10,000.00 $13,000.00