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<br />NOTICE OF SALE
<br />$1,932,000 GENERAL IMPROVEMENT BONDS
<br />SERIES 2
<br />VILLAGE OF ROSEVILLE, RAMSEY COUNTY, MINNESOTA
<br />
<br />NOl'ICE IS HEREBY GIVEN that the Council of the Village of
<br />Rosevi1le, Minnesota, will meet in the Council Chambers of the
<br />Village Hall in said Village at 7:30 o'clock p.m., Central
<br />Daylight Saving Time, on Monday, the 23rd day of May, 1966, to
<br />receive, open and consider sealed bids for and award the sale of
<br />its negotiable coupon General Improvement Bonds, Series 2 in the
<br />principal amount of $1,932,000, for which the full faith and
<br />credit and taxing powers of the Village will be pledged, to be
<br />issued to pay expenses incurred and to be incurred in the con-
<br />struction of local improvements pursuant to the provisions and
<br />under the authority of Minnesota Statutes, Chapter 429. Said bonds
<br />will be dated June 1, 1966, will bear interest at the rate or
<br />rates to be designated by the successful bidder in integral
<br />multiples of 1/4 or 1/10 of 1% per annum, payable June 1, 1967, and
<br />semiannually thereafter on December 1 and June 1 in each year, and
<br />will mature serially on June 1 in the years and amounts as follows:
<br />$102,000 in 1967, $185,000 in each of the years 1968 through 1970
<br />and $75,000 in each of the years 1971 through 1987. The bonds
<br />maturing in the years 1976 through 1987 will be callable at the
<br />option of the Village on July 1, 1971, and any interest payment
<br />date thereafter at par and accured interest plus a premium of 2%
<br />if prepaid on or before December 1, 1975, and without premium if
<br />prepaid on or after June 1, 1976. Callable bonds will be redeemed
<br />in inverse order of their serial numbers.
<br />
<br />Principal and interest will be made payable at a banking
<br />institution in the United States named by purchaser. The bonds
<br />will be issued in denomination of $1,000 or $5,000 each, as
<br />desired by purchaser. The purchaser is requested to advise the
<br />Village of denomination and paying agent desired within 48 hours
<br />after the sale. The Village will furnish, without cost to the
<br />purchaser, and within 30 days after date of sale, the printed and
<br />executed bonds and approving legal opinion of Messrs. Dorsey, OWen,
<br />Marquart, windhorst & West, of Minneapolis, Minnesota, and Messrs.
<br />Peterson & Popovich, of St. Paul, Minnesota, together with a
<br />certificate stating that there is then no litigation threatened or
<br />pending affecting the validity of the bonds.
<br />
<br />Sealed bids marked "Bid for $1,932,000 Bonds" must be mailed
<br />or delivered to the undersigned Village Clerk and must be received
<br />at his office prior to the time of meeting. Oral auction bids will
<br />not be considered. Each bid must be unconditional except as to
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