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<br />. . <br /> <br />The Counc]] then IlI'Oceeded to consider such bids. <br />flfter the bid;, llad heen COi1i]jcJercd and discufisec1, member <br />Curley introduced the following resolution <br />and moved lts-adOiJTTcjjl:-e5{;l/C<..-7Lr c!.:v ~/c _JOy).-,4 <br /> <br />RESOLU~ION ACCEPTING BID ON SflLE OF <br />$1190,ooom':NEIUIL O}i:LIG/\'j'ION ICE ARENA REVENUE <br />BONDS <br />PHOVIDING Fan 'J'HEIH ISSUflNCE i\ND LEVYING <br />A ~L'AX Fon 'THE P A YMEN'l' ':PHEREOF <br /> <br />BE rL' RESOLVED by the Council of the Village of <br />Roseville, Minnesota, as foJlows: <br /> <br />1. That the bid of An,erican National Bank and Trust <br />to purchase $1190,000 General ObTCgatTo'Dlc'e--ArenaRevenue Company <br />Bonds of the V:Lllage, :Ln accordance vii th the notice of bond <br />sale, at the rates of :Lnterest hereinafte~ set forth, and <br />to pCly t}JPrefo!:' the ;:ilJlY] of ~;J19o,ooO (pIus a prern:Ll.l111 of <br />none ) is hereby found, .dcte~nined and declared to be <br />'tFp.-r:lO,sT--:Favorable biCi rece:Lved, and is hereby accepted and <br />said bonds arc hereby awarded to said bidder. The Village <br />Clerk is directed to retain the deposit of said bidder nnd <br />to forthwith return the good faith checks or drafts to the <br />unsuccessful bidders. Said bonds shall be payable as to <br />pY'inc:tpal and interest at The American National Bank and <br />TrusE__S;_<2~E~~y_~n S~~__?aul, '-Minn.~-6"ta==-_ <br /> <br />2.. The $490,000 negotiable coupon general obli- <br />gation bonds of the Village shall be dated August 1, 1968 <br />and 8hnl1 be issued forthwith. Said bonds shall be 98 <br />in number and numbcrccl f!:'om 1 to 98 ,both inclusi ve, in <br />the denominCi.t:i.on of $5,000 eaCl1:- Said bonds shall <br />mature ser:Lally, Im'lcst--Ylujnbcrf3 first, on February 1 in the <br />years and amounts as follows: <br /> <br />I) 5,000 in the year 1970; <br />'10,000 in the year 1971; and <br />'25,000 in each of the years 1972 to 1990, <br />both inclusive. <br /> <br />3. The bonds of said issue maturing in the years <br />and bearing the serial numbers set forth below shall bear <br />interest, payable August 1, 1969 and semiannually there- <br />after on February 1 and August 1 of each year, at the re- <br />spective rates per annum set opposite said maturity years <br />and serial numbers: <br /> <br />_ 2- <br />