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-2- lJHEREAS, the Village Manager advises there arc sufficient funds on hand in the sinking fund of said issue to enable call, redemption and prior payment of at least a portion of the bonds remaining outstanding; and the Ilanager advises and recommends the redemption of the maturity of $20,000 due 1973 be made on the interest payment date of November 1, 1964, and that by so doing the Village. after prepa}'1nent of interest premiwa and principal, will realize a savings of $5,600; NO\V. TllEllEFORE. BE IT RESOLVED BY the Village COLmci1 of the Village of Roseville. Hinnesota. as follows: 1. It is necessary and expedient and feasible that the Village purchase for redemption and retirement $20,000 of municipal building revenue bonds dated November 1, 1955, being bonds numbered 161 through 180 maturing in 1973. 2. The Village r,lanager is hereby authorized to mail notice of call of said bonds not less than thirty (30) days prior to the date specified for redemption. being November l. 1964. to the holder of any of such bonds, if known. and if any of such holders of prepayab1e bonds have registered their names and addrcsses and serial numbers with the Village Treasurer; and said notice, together with a copy of this resolution to the American National Bank of Saint Paul, being the paying agent at which principal and interest are payable. 3. Upon mailing of said notice and a copy of this resolution to the paying agent, American National Bank of Saint Paul, no further interest on said bonds shall accrue after the interest payment date of I~ovember 1. 1964. and any such holder failing to surrender any bonds or interest coupon in his possession affected herein. shall not be entitled to any interest after said date and thc paying agent is hereby instructed to pay accrued interest and premium as provided, to November 1. 1964, to the holders of any such bonds and cease the payment of any interest thereafter. 4. The Village Manager and the paying agent are hereby authorized, in accordance with the action taken herein. to amend their records accord- ingly and to reduce the amount of interest and principal to be paid after November l, 1964, to such paying agent on the remainin~; bonds of said issue still outstanding thereafter. s. The Village tclanager is directed and authorized to publish notice of said redemption in the official paper of the Village and in Commercial West. published in Minneapolis, Minnesota, at least thi:i'ty (30) days prior to November 1, 1964, in substantially the following form: