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