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and the following voted against the same: None whereupon said resolution was declared duly passed and adopted, and was signed by the Mayor, which was attested by the Clerk. ~mber Shields then introduced the following resolution and moved its adoption: RESOWTION NO.2062 RESOLUTION AUTHORIZING THE ISSUANCE OF $2,080,000 GENERAL IMPROVEMENT BONDS, SERIES 4 BE IT RESOLVED by the Village Council of the Village of Roseville, Minne- sota, as follows: 1. The total cost of storm Sewer Improvements Nos. 65-38A and 67-9, Sani- tary'Sewer and Water Main Improvements Nos. 66-17, 66-25, 67-12 and 67-l3, Water Main Improvements Nos. 66-23 and 66-26, Street Surfacing Improvement No. 66-24, Sanitary Sewer Improvements Nos. 66-27, 66-29,67-23 and 67-32, Street and Storm Sewer Improvement No. 66-28, Water Main, Sanitary Sewer. and Paving. Curb and Gutter Improvements Nos. 66-31 and 66-32, Storm Drainage Improvements Nos. 67-10 and 67-20. Sanitary Sewer. Water and Street Improvement No. 67-18. and Sanitary Sewer, Water Main and Storm Sewer Improvement No. 67-19. which have been financed in whole or in part from the proceeds of the Temporary Improvement Bonds, Series 3. dated December 15, 1967, including interest on said temporary bonds, is now estimated to be not less than $2,080,000 in excess of the special assessments heretofore collected for said improvements. It is hereby determined to be necessary for the Village to is- sue its definitive General Improvement Bonds, Series 4 in the principal amount of $2,080.000, for the purpose of defraying all expenses incurred by the Village in completing said improvements, except such as have heretofore been paid, including payment and retirement of said temporary improvement bonds. Said Series 4 bonds have been duly advertised and sold in accordance with a resolution adopted this date, and shall now be issued and secured in accordance with the provisions of the contract of sale and of Minnesota Statutes. Chapters 429 and 475. and of the resolu- tion adopted July 1. 1963, entitled "RESOLUTION ESTABLISHING A SINKING FUND FOR THE PAYMENT OF GENERAL IMPROVEMENT BONDS AND APPROPRIATING TO THAT FUND TAXES AND SPE- CIAL ASSESSMENTS LEVIED FOR IMPROVEMEN'IS FINANCED BY SUCH BONDS", which is by refer- ence incorporated herein and made a part hereof, and in accordance with the further provisions of this resolution. 2. Said general improvement bonds shall be in the total principal amount of $2,080.000, shall be designated General Improvement Bonds. Series 4, shall be dated April 1 1968, shall be 416 in number and numbered from 1 through 416, each in the denomination of $5,000, shall mature serially on April 1 in the amount of $80,000 in 1969 and $100,000 in each of the years 1970 through 1989. and shall bear interest from date of issue until paid or until duly called for redemption at the annual rates set forth opposite such maturity years. respectively: -4-