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<br />NOrICE OF SALE
<br />31,000,000 SANITA.EY SET,1!~i'H IMPHO\TEI'.ENrr BUNDS
<br />SER.IES E
<br />Vn,LAGF; OF R.oC;1WILU~, H~,;VjSf'Y COHN'TY, IHN:.rP;SOTA
<br />
<br />NonCE IS HEREBY rrVEN that the Council of the Villare of RosevHle,
<br />Minnesota, will meet in the Council Chambers in the Villepe Hall in said
<br />'/illar:e at eight 0 I clock F.M. on ;\"ow1ay, the 18th day of May, 1959, to
<br />receive, open and consirkr sealed bids for ;mn aHara the sale of its
<br />nevotif'ble coupon (7eneraJ oblL'at;on Spnitary Sev.Ter Imnrovenrmt Ponrls, Series
<br />E, in the prindp"'l amount of 'fl,000,OOO to be issued tc fincmce a portion of
<br />the cost of SaYli tary Se"r,r Improvew.>nt No. 2 pursllpnt to the provisions ;mrl
<br />under the aut);crity of hinn8sota Statutes 1953, Chapter 1..~29. Said bonos will
<br />be daten May 1, 1959, will be jn the rlenomination of 31,000.00 eRch; vJill
<br />bear interest at the ra~e or rates to be desivnRted by the successful bidder
<br />in intep;ral multiples of I/h or 1/10 of 1% per :mnum, p::1yable Ivlay 1, 1960 ;md
<br />semi-annually thereAfter on Npy 1 and November 1 of each year emd will mpture
<br />serially on Nay 1, in the ycars cmd mnLunts as follows:
<br />$50,000 1961 throuph 1980
<br />
<br />The bonds moturing in the years 1961 throu,:h 1970 lrlill not be subject to
<br />redemption prior to maturity, but the remaining bonds (1971-1980) will each
<br />be subject to redemption at the option of thr Village on Kay 1 1961, and any
<br />interest ppyment date thereafter in inverse orcier of their s rial numbers,
<br />and at a price of pClr and accrued interest plus a premium of .ffi20.00 for each
<br />bond prepaid on or before IVlay 1, 1971, and :nO.OO for each bonrl prepaid
<br />thereafter but on or bpfore May 1, 1976, af'er which date !'lll remaining bonds
<br />will be prepayable without prewium.
<br />
<br />Principal 2nrl interest will be marle payable at such banking instibJtion
<br />in the Uniteri States named by purchaser. 'T'he Villape wE1 furnish, without cost
<br />to the purchaser, ann wjthin 30 deWS after date of s!'lle, the printed and
<br />executed bonns ann approving lef!al opinion of IJlessrs. Dorsey, Gl'en, ~cott,
<br />Berber and Marquart of Ninnr;apolis, lViinnesota, 2nd B.H. Lofts,,:aprrlen, Vill ar-s
<br />Attorney, to"cther .-lith c11stom8ry non-lit.ip<1tion certific,ct.e.
<br />
<br />SPRltea bids m!'lrked "Bin for 1,000,000.00 Bonds" mar be mR.'Hen or
<br />rielivered to the unrlersignerl Vill;Jve Clerk ~mrl must be receiverl at his office
<br />pri or to time of meeting. Oral auctinn biris vJill not be consi^:red. Each birl
<br />must be uncow~; tional except as to lec'gli ty and must be acccmDRnied by a
<br />certifierl check in the amount of ,;:S20,OOO.OO pRyable to the Villa<ye 1're"lsurer
<br />to be retained as liq'1idated rl.sm!'l;-res in case the birl be accepted and the
<br />binder shall felil to comply therewith. Bins will be co!',pared accorriing to the
<br />lowerst dollar amount of npt inter st cost compute'" to stDten meturiti~e of s::1id
<br />bonds, derJuctinc: therefrom the pren:ium if any. No bir1 of It'sS th:m ppr anrl
<br />accuued intArst will be ccmsidererJ and the Villap'e reserves the right tc reject
<br />an.y or all bins, and tu l-laive any inforn,ality in any bid ;-md to 8,-1:iourn the sale
<br />if deemed necessary.
<br />
<br />Dated April 14, 1959
<br />
<br />BY" ORDf';H OF rrrii~ VILLA':,E COUNCIL
<br />
<br />B.H. Hammersten
<br />(}eorge 1d. Keene
<br />
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