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<br />meeting. Oral auction bids will no':: be considered. Each bid <br />must be unconditional except as to legality and must be <br />accompanied by a cashier's or certified check in the amount of <br />$9,800 payable to the Village Treasurer, to be retained as <br />liquidated damages in case the bid be accepted and the bidder <br />shall fail to comply therewith. All bonds of a single maturity <br />shall bear a uniform basic rate of interest from date of issue <br />until paid and the basic rate of interest payable on each bond <br />of the issue must not exceed the basic rate of interest payable <br />on other bonds of the same or subsequent maturities. Bidders <br />may specify that all or any of the bonds shall bear interest <br />at an additional rate, to be represented by a separate and <br />detachable coupon, for a period expiring on August I, 1970, <br />provided that the aggregate amount of interest represented by <br />such coupon does not exceed $9,800. The bid offering the lowest <br />dollar amount of net interest cost computed to stated maturities <br />of said bonds, deducting therefrom the cash premium if any, <br />will be deemed the most favorable to the Village. No bid of <br />less than par and accrued interest will be considered and the <br />Village reserves the right to reject any or all bids, to waive <br />any informality in any bid and to adjourn the sale if deemed <br />necessary. <br /> <br />Dated: July 8, 1968. <br /> <br />BY ORDER OF THE VILIAGE COUNCIL <br /> <br />Richard W. Turnlund <br />Village Clerk <br /> <br />For further information: <br />PETERSON & POPOVICH <br />Village Bond Consultants <br />314 Minnesota Building <br />St. Paul, Minnesota 55101 <br />Phone 222-5515 <br />