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<br />United States without cost to tb~ <br />purchaser. Legal opinion will be <br />printed on the bonds at the request <br />of the successful bidder. <br /> <br />TYPE OF aID: <br /> <br />Sealed bids of not less than <br />$2,OOl.lS4 and accrued interest on <br />the principal sum of $2,040,000 <br />from date of bopds to date of delivery <br />must be filed with the ~dersigned <br />prior to the time of sale, together <br />with a certified or cashier's check <br />in the amount of $40.900, payable <br />to the order of the Treasurer of <br />the issuer, to be forfeited as <br />liquidated damages if bidder fails to <br />comply with accepted bid. Bids for <br />the bonds should be addressed to <br />Burke M. Raymond, Village Manager, <br />Village Hall, 2701 North Lexington~ <br />Roseville, Minnesota 55113 <br /> <br />All rates and combination of rates <br />must be in integral multiples of <br />1/20th of l% and may not exceed 7% <br />per annum. Additional interest <br />coupons may not be used. No limi- <br />tation is placed on the number of <br />rates which may be used. All bonds <br />of a single maturity shall bear a <br />uniform basic rate of interest from <br />date of issue until paid and the <br />basic rate of interest payable on <br />each bond of the issue must not <br />exceed the basic rate of interest <br />payable on other bonds of the same <br />or sUbsequent maturities. <br /> <br />RATES: <br /> <br />AWARD: <br /> <br />Award will be made on the basis of <br />lowest dollar interest cost, <br />determined by addition of any <br />discount to and deduction of any <br />premium from the total interest on <br />all bonds from their date to their <br />stated maturity. The net effective <br />average rate of the issue may not <br />exceed 7% per annum. <br /> <br />The issuer reserves the right to <br />reject apy and all bids, to waive <br />informalities, and to adjourn the <br />sale. <br />