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<br />NOTICE OF SALE
<br />$290,000 GOLF COURSE BONDS
<br />VILLAGE OF ROSEVILLE, RAM3EY COUNTY, MINNESOTA
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<br />NOTICE IS HEREBY GIVEN that the CO"lUlcil of the Village of Roseville,
<br />Minnesota, will meet at the Council Chambers of the Village Hall in said Village at
<br />5: 30 0' clock P.M., Central DB\Y"light Saving Time, on Thursday, the 22nd day of
<br />June , 1967, to receive, open and consider sealed bids for and award the sale of
<br />its negotiable coupon Golf Course Bonds in the principal amount of $290,000, for
<br />which the full faith and credit and taxing powers of the Village will be pledged,
<br />to be issued to provide funds for the acquisition of a municipal golf course. Said
<br />bonds will be dated July 1, 1967, will bear interest at the rate or rates to be
<br />designated by the successful bidder in integral multiples of 1/4 or l/lO of 1% per
<br />annum, payable July 1, 1968, and semiannually thereafter on January 1 and July 1 in
<br />each year, and will mature serially on July 1 in the years and amounts as follows:
<br />$5,000 in 1968 and $15,000 in each of the years 1969 through 1981. The bonds matur-
<br />ing in the years 1918 through 1981 will be callable at the option of the Village on
<br />July l, 1971, and any interest payment date thereafter at par and accrued interest.
<br />Callable bonds will be redeemed in inverse order of their serial numbers.
<br />
<br />Principal and interest will be made payable at a banking institution in
<br />the United States named by the purchaser. The bonds will be issued in denomination
<br />of $1,000 or $5,000 each, as desired by the purchaser. The purchaser is requested
<br />to advise the Village of the denomination and paying agent desired within 48 hours
<br />after the sale. The Village will furnish , without cost to the purchaser, and wi thin
<br />30 days after the date of sale, the printed and executed bonds and the approving
<br />legal opinion of Messrs. Dorsey, OWen, Marquart, Windhorst & West, of Minneapolis,
<br />Minnesota, and Messrs. Peterson & Popovich, of St. Paul, Minnesota, together with a
<br />certificate stating that there is then no litigation threatened or pending affecting
<br />the validity of the bonds.
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<br />Sealed bids marked "Bid for $290,000 Bonds" must be mailed or delivered to
<br />the undersigned Village Clerk and must be received at his office prior to the time
<br />of meeting. Oral auction bids will not be considered. Each bid must be uncondi-
<br />tional except as to legality and must be accompanied by a cashier's or certi~ied
<br />check in the amount of $5,800 payable to the Village Treasurer, to be retained as
<br />liquidated damages in case the bid be accepted and the bidder shall fail to comply
<br />therewith. All bonds of a single maturity shall bear a "lUliform basic rate of inter-
<br />est from date of issue until paid and the basic rate of interest payable on each
<br />bond of the issue must not exceed the basic rate of interest payable on other bonds
<br />of the same or subsequent maturities. Bidders may specif,y that all or any of the
<br />bonds shall bear interest at an additional rate, to be represented by a separate and
<br />detachable coupon, for a period expiring on Ju~ 1, 1968, provided that the aggre-
<br />gate amount of interest represented by such coupon does not exceed $5,800. The bid
<br />offering the lowest dollar amount of net interest cost computed to stated maturities
<br />of said bonds, deducting therefrom the cash premium if any, will be deemed the most
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