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<br />$50,000
<br />
<br />1961 - 19S0
<br />
<br />The bonds maturing in the yearr 1971 thro';gh 19S0 will be callable a.t ti'ie pption of
<br />the Village on October 1, 1965, and any interest payment date thereafter at par and
<br />accrued interest plus a premium bf $26 if prepaid on or before April 1, 1970, and
<br />and without premium if prepaid on or after October 1, 1970. Of the bonds outstanding
<br />at the time of redemption, those bearing the highest coupon rate will be prepaid first,
<br />in inverse order of their serial numbers.
<br />
<br />Principal and interest will be made paYable at such banking institution in the
<br />United States named by purchaser. The Village will furnif'h, without cost to the
<br />purchaser, and within 30 days after date 0:' sale, the printed and executed bonds and
<br />approving legal opinion of Messrs. Dorrey, Owen, Barber, ~'1arquart and Windhorst of
<br />Minneapolis, Minnesota, and B.H. LOftsgaarden, Village Attorney, together with the
<br />customary non-litigation certificate.
<br />
<br />Sealed bids marked "Bid for $1,000,000 Bonds" must be mailed or 6elivered to the
<br />undersigned Village Clerk and must be recieved at this office prior to time of meeting.
<br />Oral aucimon bids will not be considered. Each bid must be unconditional except as to
<br />legality and must be accompanied by a cashiers or certified ckeck in the amount of
<br />$20,000 payable to the Village Treasurer to be retained as liquidated damages in case
<br />the bid be accepted and the bidder shall fail to comply therewith. Each bond is to
<br />bear a uniform basic rate of interest from date of issue until paid, but hidciers may
<br />specify that all or any of the bonds sh all bear interest at an additional rate, to be
<br />represented by separate and detachable coupons, for a period expiring on or before
<br />October 1,1962, provided that th e aggregate amount of interest represented sy such
<br />coupons does not exceed $20,000~ Bids will be compared according to the lowest dollar
<br />amount of net interest cost computed to stated maturities of said bonds, deducting
<br />therefrom the premium if any and which is deemed most fa'.orable to the \illage. No.
<br />bid of less than par and accured interest will be considered and the Villag e
<br />reserves the right to reject any or all bid.T, and to waive any informality in any
<br />bid and to adjourn the sale if deemed necessary.
<br />
<br />Dated: August 23, 1960.
<br />For further information:
<br />PETERSON & POPOVICH
<br />Village Bond Consultants
<br />314 Minnesota Bldg.,St.Paul 1, Minn.
<br />CApital 2-5515
<br />
<br />BY ORDER or THE VILLAGE COUNCIL
<br />George W. Keene
<br />\i illage Clerk
<br />
<br />3. Each and all of the terms and provlnons of the foregoing form of notice are
<br />hereby adopted as the terms and conditions of said bonds and of the sale thereof.
<br />The motion for the adoption of the foregoing resolution was duly seconded
<br />by Clerk Keene, and unpon vote being taken thereon, the following voted in fa"\or
<br />thereof : All and the following voted against the same : None
<br />whereupon said resolution was declared duly passed and adopted.
<br />
<br />STATE OF MINNESOTA j
<br />COUNTY OF RAMSEY )
<br />)
<br />
<br />I,the undersigned, being the duly qllalified and acting Clerk of the Village of
<br />Roseville, Ramsey County, ~linnesota, hereby certify that I have compared the attached and
<br />foregoing with the original thereof on file and of record in my office and find the
<br />~ame to be a full, true and correct transcript of the minutes of a meeting of the
<br />Village Council of said Village duly called and held on the date therein indicated, so
<br />far as such minutes relate to $1,000,000 Sanitary Sewer Improvement Fonds, Series H,
<br />of said village, and that the resolution contained therein is a full, true and correct
<br />copy of the original thereof.
<br />WITNESS tIY HAND and the seal of village this 31st day of August, 1960.
<br />(Seal) 'Village Clerk
<br />
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