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7/17/2007 9:05:12 AM
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4/23/2005 4:13:16 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
1259
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<br />expenses necessary to be incurred in connection with the improve- <br />ments is estimated at present to be $l,047,000. For payment of such <br />costs there is on hand and available in funds of the village. the <br />sum of $47,000. <br /> <br />2. To finance the remaining costs of said improvements, as <br />deter.mined to date, the village shall issue temporary improvement <br />bonds, for the payment of which the full faith and credit of the <br />village shall be pledged. <br /> <br />3. The Council shall meet at the time and place designated in <br />the for.m of notice herein contained for the purpose of receiving, <br />opening and considering sealed bids for and awarding the sale of <br />said bonds; and the Clerk is hereby authorized and directed to <br />cause notice of the time, place and purpose of said meeting to be <br />pUblished in Ramsey County Suburban Life, the official newspaper of <br />the village, and in the Commercial West, a financial newspaper <br />published at Minneapolis, Minnesota, which notice shall be in sub- <br />stantially the following fonm: <br /> <br />NOTICE OF SALE <br />$l,OOO,OOO <br />TEMPORARY IMPROVEMENT BONDS <br />SERIES 2 <br />VILLAGE OF ROSEVILLE <br />RAMSEY COUNTY, MINNESOTA <br /> <br />NOTICE IS HEREBY GIVEN that the Village Council of the Village <br />of Roseville, Ramsey County, Minnesota, will meet in the village <br />hall of said village on MonQiiY ' the 12th day of July, <br />1965 at 7:30 o'clock ~. M. for the purpose of receiving and <br />considering sealed bids for the purchase of $1,000,000 general <br />obligation Temporary Xmprovement Bonds, Series 2, of the village, <br />said bonds to be dated August 1, 1965, to bear interest at the rate <br />designated by the successful bidder, payable February 1, 1966 and <br />semiannually thereafter on August 1 and February 1 in each year, <br />all of said bonds to mature on August 1, 1967. <br /> <br />All bonds of this issue are subject to prior payment in <br />inverse order of serial numbers on February 1, 1967, at par and <br />accrued interest. Both principal and interest will be payable at <br />any suitable bank or trust company in the United States designated <br />by the successful bidder within 48 hours after award. The village <br />will furnish, without cost to the purchaser, the mimeographed or <br />printed and executed bonds in denominations of $1,000 each, or~ at <br />the purchaser's request within 48 hours after award, in any larger <br />denomination, and the unqualified approving legal opinion of Messrs. <br />
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