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legality and must be accompanied by a cashier's or certified check in the amount of $38,640 payable to the Village Treasurer, to be retained as liquidated damages in case the bid be accepted and the bidder shall fail to comply 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 June 1, 1967, provided ~at the aggregate amount of interest represented by such coupons does not exceed $38,640. The bid offering the lowest dollar amount of net interest cost computed to stated maturities of said bonds, deducting therefrom the cash 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 any informality in any bid and to adjourn the sale if deemed necessary. Dated: April 25, 1966. BY ORDER OF THE VILIAGE COUNCIL Richard W. Turnlund Village Clerk Rosev.ile, Minnesota 3. Each and all of the terms and provisions of the foregoing form of notice are hereby adopted as the terms and conditions of said bonds and the terms of the sale thereof. The motion for the adoption of the foregoing resolution was duly seconded by Member Grauel , and upon vote being taken thereon, the fOllowing voted in favor thereof: All present and the following voted against the same: None whereupon said resolution was declared duly passed and adopted.