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<br />Member <br /> <br />GellCklocb <br /> <br />then introduced the following resolution and <br /> <br />moved its adoption: <br /> <br />RESOLUTION NO. :1854 <br /> <br />RESOLUl'ION AWARDING SALE OF <br />$900,000 GEl~RAL IMPROVEMENT BONDS, <br />SERIES 3 <br /> <br />BE IT RESOLVED by the Village Council of the Village of Roseville, Minne- <br />sota, that the bid of ... FUel. _c-.al _. of ..1at. Nul <br />, of .~. "'1, Mi__eta , and associates therein named, <br />to purchase $900,000 General Improvement Bonds, Series 3 of the Village in accord- <br />ance with the notice of sale thereof heretofore duly published, is hereby found and <br />determined to be the best bid received for said bonds and is hereby accepted, said <br />bid being to put..chase said bonds at a price of par and accrued interest plus a <br />premium of $ - U - , the bonds maturing in the years set forth below to bear in- <br />terest at the rates per annum set forth opposite such maturity years, respectively: <br /> <br />Maturity Years Interest Rate <br />1968 - 1976 4.~ <br />197' - lMO 4. low. <br />1.1 - 1.3 4.JOK <br />1164 - 1986 4.2. <br /> <br />and all binds to bear additional interest at the rate 0:r1.50 % per annum from <br />A..-t. a , 1961 to July 1, 1968, represented by a separate liB" coupon. The <br />Mayor and Village Clerk are hereby authorized and directed to execute on behalf of <br />the Village a contract for the sale of said bonds upon said terms. The Village <br />Clerk shall retain the good faith check of the successful bidder pending the de- <br />li very of said bonds and payment of the purchase price, and shall return the checks <br />of the other bidders forthwith. <br /> <br />II. 1'. C"'r_lII <br /> <br />Mayor <br /> <br />Attest: <br /> <br />a.w. 'lValuad <br />Village Clerk <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded <br /> <br />by Member <br />in favor thereof: All <br /> <br />Shiel_ <br /> <br />, and upon vote being taken thereon, the following voted <br /> <br />-3- <br />