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<br />Shields
<br />
<br />then introduced the following resolution and moved
<br />
<br />its adoption:
<br />
<br />&:;. 0/'<.,71' 0 ~() #0. I.:L 0 {,
<br />RESOLUTION AWARDING SALE OF
<br />$1,000,000 TEMPORARY IMPROVEMENT
<br />BONDS, SERIES 2
<br />
<br />BE IT RESOLVED by the Council of the Village of Roseville, Minnesota, that
<br />the bid of First National Bank of Saint Paul,
<br />, of Saint Paul , Minnesota ,and associates named therein,
<br />to purchase $1,000,000 Temporary Improvement Bonds, Series 2 of the Village of Rose-
<br />ville to be dated August 1, 1965, in accordance 'With the notice of sale heretofore
<br />duly issued by the Village, is hereby found and declared to be the highest and
<br />best bid received for the purchase of said bonds, and should be and is hereby ac-
<br />cepted, said bid being to purchase said bonds at a price of par and accrued inter-
<br />est plus a premium of $ 340.00 , the bonds to bear interest at the rate of'3. 20 %
<br />per annum. '!he Village Treasurer is directed to retain the good faith check of said
<br />success:f'ul bidder pending completion of the sale and delivery of said bonds, and
<br />the checks of unsuccess:f'ul bidders shall be forthw1 th returned to them.
<br />
<br />'!he motion for the adoption of the foregoing resolution was duly seconded
<br />
<br />by
<br />
<br />Grauel
<br />
<br />, and upon vote being taken thereon, the following
<br />
<br />voted in favor thereof: all
<br />
<br />and the following voted against the same: none
<br />
<br />whereupon the resolution was declared duly passed and adopted.
<br />
<br />Grauel
<br />
<br />then introduced the following resolution and moved
<br />
<br />its adoption:
<br />
<br />~Sd/~~O~ #a, /~67
<br />RESOLUTION ESTABLISHING THE FORM AND TERMS
<br />AND DIRECTING THE EXECUTION AND DELIVERY OF
<br />$1,000,000 TEMPORARY IMPROVEMENT BONDS, SERIES 2
<br />
<br />BE IT RESOLVED by the Council of the Village of Roseville, Minnesota, as
<br />
<br />follows:
<br />
<br />1. '!he Temporary Improvement Bonds, Series 2, sold this date, shall be
<br />issued under and pursuant to the provisions of Minnesota Statutes 1961, Chapter
<br />429, and in accordance with the proviSions of Section 429.091, Subdivision 3, in
<br />the aggregate principal amount of $1,000,000, dated as of August 1, 1965; shall be
<br />in number and numbered from 1 to , inclusive, each in the denomination
<br />of $5,000 ; shall bear interest at the rate of3. 20 % per annum, payable February
<br />1, 1966, and sem1annuaJ.ly thereafter on August 1 and February 1 in each year, and
<br />
<br />-2-
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