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Resolution No. 15 Adopted March 15, 1949 "WHEREAS, the Council of the lIillage of Hoseville did by resolution, approved January 4, 1949. authorize issuance of $15,000.00 par value of the bonds of the Village of Itoseville for the purpose of obtaining cash to purchase additional fire equipment for the Fire Dept. of said Village, and WHEREAS, the Council of the Village of Roseville by said resolution autorized that the question of the issuance of said bonds be submitted to the voters of the Village of Ro~eville as requirEd by law, and WHEREAS, said question was submitted at the election duly held fer said purroEe in said Village on Jam,ary ZSth, 1949, and WHEREAS, issuance and sale of said bonds was approved at said election b~, more than four-fifths (4/5ths) of the voters voting at said election and WHEREAS, said Council by resol~tion aplroved January 4th provided that the Council of the Village of Hoseville should, by subsequent resolution, fix the denomination ane form of said bobds and date of maturity thereof; NOW, THEREFORE, BE IT RESOLVED, THAT the bonds authot,ized to be sold by said resolution be issued and sold in the manner r;rovided for bv law in the am01mt of $15,000.000; said bonds to be in denominations of $,00.00 each to be dated February 15, 1949, and bear interest at the rate not to exceed 5% ecch year according to the coufons to be attached to ~'aid bonds; said t->onds shall be serial but none shall run for a longer term than six (6) years am: shall be numbered lOl-to 130 inclusive. The dates on which said bonds shall mature and the amounts which:snall mature over said period shall be as follows: Date of maturity Bond No. Amount 2/15/51 101 to 106 inclusive 13,000.00 2/15/52 107 to 112 " $3,000.00 2/1,/53 113 to 118 n $3,000.00 2/1,/54 119 to 124 " $3,000.00 2/1S/55 125 to 130 " $3,000.00 Copy of Bond in Minute Book 1948-51 Page 55 RESOLVED FURTHER, that sealed proposals for the sale of all such bonds will be received, opened and considered at a meeting of the Village Council to be held at 2:00 P.M. on the 5th day of April, 1949, at the Village Hall, hamline and County rtoad liB" in the Village of Roseville, 1/1innesota. Two weeks puiJlishe, notice thereof, as requirec by law shall be given by the Clerk in the baint Paul ~egal Ledger, the official paper of said Village. Each bidder shall be required to accoriipany his bid by a certified check or Cash deposit for 5% of the amount of bonds for which he shall bid, which shall be forfeited to the Village as liquidated damages if the bonds are not taken and paid for when ready for delivery~ Said bonds shall be offered to the person who will pay par or better therefor at the lowest rate of interest not exceeding 5%. Mayor Attest: Clerk