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Principal and interest lTill be made payable at r: banking i'1stitu tion in the United States named by purchaser. The bonds will be issued in denomination of $1,000 or $5,000 each, as desired by purchaser. Purchaser is requested to advise the village of denomination and paying agent desired within 48 hours afte~ the sale. TIle village will furnish, without cost to the purchaser, and within 30 days after date of sale, the printed and executed bonds and approving legal opinion of Messrs. Dorsey, Oven, Marquart, Windhorst & West of Minneapolis, Minnesota, and Messrs. Peterson & Popovich of St. paul, Minnesota, together lTith certificate stating that there is then no litigation threatened or pending affecting the validity of the bonds. Sealed bids marked "Bid for $2,950, 0003onds, Series 5 !1must be mailed or delivered to the undersigned Vill.age Clerk and must be received at his office prior to time of meeting Oral auction bids Ifill not be considered. Each bid must be unconditional except as to legality and must be accompanied by a cashier I s or certified check in the amount $)9,000 payable to the Village Treasurer to be retained as liquidated damages in case the bid be accepted and the bidder shall fail to compl.y therewith. All bonds of a single maturity shall bear a uniform basic rate of interest from date of issue until paid and the basic rate of interest payable on each bond of the issue must not exceed the basic rate of interest payable on other bonds of the same or subsequent maturities. Bidders may specify that all or any of the bonds shall bear interest at an additional rate, to be represented by separate and detachable coupons, for a period expiring on or before April 1, 1967, provided that the aggregate amount of interest represented by such coupons does not exceed ~9, OOQ The bid offering the 1m-Test dollar amount of net interest cost com- puted to stated maturities of said bonds, deducting therefrom the premium if any, will be deemed the most favorable to the village. No bid of less than par and accrued interest will be considered and the village reserves the right to reject any or all bids to waive ally informality in any bid and to adjourn the sale if deemed necessary. Dated: January 29, 1966 BY ORDER OF THE VILLAGE COUNCIL For Further Information: Peterson & Popovich Village Bond Consultants 314 Minnesota Building St. Paul, Minnesota 55101 222-5515 Richard W. Turnlund --~--------'----- - Village Clerk Roseville, Minnesota