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<br />NOTI6~~S HEREBY GIVEN that the Council of the Village of ROS~Vi]le~
<br />Minnesota, Wi 11 me'(}.t, in the Cowen Cham'q.ers in the Village Hall in said Village
<br />at 12 :00 noon on Wedries.Q~Y, the I8_~h.oay of September, 1957, to eceive, open and
<br />consider sealed bids for and award the sale of i te :lCgotiable c up n geI1ere.l
<br />obligation Sanitary Sewer Improvement Bonds, Series C, in the pine '-r'al iamount
<br />of $600,000, to be issued to finance acd~tional costs incurred 'n t,e c~nstructior;
<br />of Sanitary Sewer Improvement No.1 of the Village, under autho ity r land pursuant
<br />to Minnesota Statutes 19S3, Chapter 429, as amended. Said bonG will .be uated as.
<br />of October -I, 1957, wiD be i:ir'ued in the denomination of $1,000 eacI)., wi 11 bear;/'
<br />interest at a rate 0 rates to be dedgnated b;y the successful bi d~', cxpressytl
<br />in int.cgralmultiples cf 1/4 or 1/10 of 1% per~um and pa;rable 195 ,
<br />and semiannu~lly tnere fter on January 1 and Jury 1 of each mature
<br />serially on J'l,lly 1 in t e years and amount3 as follows:
<br />
<br />NOTICE OF SALE
<br />
<br />$600,000 SANITARY SEWER IMPROVEMENT DONDS
<br />\ SERIES C
<br />VILLACE OF' ROSEVHLE, RAMSEY COUNTY, MINNjilSOTA
<br />
<br />in the years 1958 be subj ct
<br />to reccmption prior to matu: 'ty; but the bonds 1968 trough
<br />1977 will each be subject to edem~tion at the option of the V' lage on J y 1,
<br />1962, and any interest pDyment date thereafter, in i vel'S or of thei serial
<br />numbers, and at a price of par nd accrued interes plus a premium of 0,00 for
<br />each bond prepaid on or before J ly 1, 19(7, Rnd 10.00 for each bond prepaid
<br />thereafter but on or before July , 1972, a1: wli" eh date all rama' ling bonds
<br />will be pr epayable witi"out premium Frincipa1 and 1 terest will b made payable
<br />at a suitable banking institution n med by the urch ser, subjec to the approval
<br />of the. Village Council, and the Vill ge will pa the reasonable and customary
<br />charges of such paying agent. The Vi lage will urn sh, witho t cost to the pur-
<br />chaser and wi thin Lo days after said d te of sale e printe and executed bonof~
<br />and the approvin.g legal opinions of Mr.*~eldin LOftsg. aarccnV..il. lage Attorney, and
<br />Messrs. Dorsey, Owen, Barker, Scott .v. Ba ber, Minneapolis) Minne$ota, together
<br />wi th the cust~ry non--litigation certi .. cate. ,/
<br />
<br />Sealed bid~~rked "rlid for $600, 00 50nds" ~'be mailed or delivered
<br />to the undersigned Vi] 1a'g'e,,~lerk and must 'oe receive' -"prior to the time 0 r the
<br />meeting. Oral auction bidsw1J..J not be consi er.~-' Each bid must be uncondi-
<br />tional except as to legality and" 'stbea.eea. .~ani€d by a cashier's or certified
<br />check or bank draft in the amount 0 12,000, p yable to the Village Treasurer,
<br />to be retained as liquidated (;amages in ase the bid is aecepted and the Lidder
<br />sr,all fai 1 to comply therewith. Bids wil e com ared according to the lowest
<br />dollar amount of net interest eost computed t: the stated maturities of the bonds,
<br />deducting therefrom any premium offered. No bi f' ess than par and accrued
<br />intl?rest will be considered, and the Vill age reserves the right to reject any
<br />and an bids, to Waive any informality in any bid and to adjourn the sale if
<br />deemed necessa~r.
<br />
<br />
<br />through 1977
<br />
<br />
<br />Dated: August 27, 1957.
<br />
<br />BY DETER OF THE VILLAGE COUNCIL
<br />
<br />For Furtncr Information contact:
<br />Peterson and Ponovich
<br />Village Dond Consultants
<br />31L Minnesota Building
<br />St. Paul 1, Minn~sota
<br />CApital 2-5515
<br />
<br />B. H. HAMMERSTEN
<br />Village Clerk
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