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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- <br />