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serial numbers at par and accrued interest plus a premium equal to one year's interest on such bond at the coupon rate of four percent (4%) for the year immediately following the date of redemption: vniEREAS the Village Administrator advises there are sufficien~ funds on hand in the sinking fund of said issue to enable call, redemption and prior payment of the bonds remaining outstanding: and the Administrator advises and recommends the redemption of the maturities of $10,000 due 1966, and $15,000 each due 1970 through 1972 inclusive, be made on the interest payment date of November 1, 1965 and that by so doing the village, after prepayment of interest premium and principal, will realize a savings of $9,000; NOW THEREFORE BE IT RESOLVED by the Village Council of the Village of Roseville, Minnesota, as follows: 1. It is necessary and expedient and feasible that the village purchase for redemption and retirement $55,000 of municipal building revenue bonds dated November 1, 1955, being bonds numbered 66 through 75 maturing in 1966, and bonds numbered 116 through 160 maturing in 1970 through 1972. 2. The Village Administrator is hereby authorized to ~ail notice of the call of said bonds not less than thirty (30) days prior to the date specified for redemption, being November 1, 1965, to the holder of any of such bonds, if known, and if any of such holders of prepayable bonds have registered their names and addresses and seTi~l 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 aro 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 November 1. 1965 and any euch holde~ failing to surrender any bona