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<br />After the <br />Curley <br />and moved <br /> <br />The Council then proceeded to consider such bids. <br />bids had been considered and discussed, member <br />introduced the following resolution <br />its adoption: <br />RESOLUTION NO. 5832 <br />RESOLUTION ACCEPTING BID ON SALE OF <br />GENERAL IMPROVEMENT BONDS <br />SERIES 6 <br />PROVIDING FOR THEIR ISSUANCE AND LEVYING <br />A TAX FOR THE PAYMENT THEREOF <br /> <br />BE IT RESOLVED by the Council of the Village of <br />Roseville Minnesota, as follows: <br /> <br />1. That the bid of The FirstNat "1 'Barikcit" 'St Paul <br />to purchase $1,495,000 General Improvement Bonds Series 6 <br />of the Village, in accordance with the notice of bond sale3 <br />at the rates of interest hereinafter set forth3 and to pay <br />therefor the sum of $l,470,033~50 (plus a premium of 0;00 ) <br />is hereby found, determined and declared to be the most <br />favorable bid received, and is hereby accepted and said <br />bonds are hereby awarded to said bidder. The Village Manager <br />is directed to retain the deposit of said bidder ~nd to <br />forthwith return the good faith checks or dr~fts to the <br />unsuccessful bidders. Said bonds shall be payable as to <br />principal and interest at The First 'National Bank of Saint <br />Paul, in St. Paul, Minnesota <br /> <br />2. The $1,495,000 negotiab Ie coupon general ob liga- <br />tion bonds of the Village shall be dated May 1, 1972 <br />and shall be issued forthwith. Said bonds shall be 299 <br />in number and numbered from 1 to 2993 both inclusive, in <br />the denomination of $5,000 each. Said bonds shall mature <br />serially, lowest numbers first, on May 1 in the years and <br />amounts as follows: <br /> <br />$70,000 <br />$75,000 <br /> <br />in the year 1973, <br />in each of the years 1974 to 1992, <br />both inclusive. <br /> <br />3. Said bonds have been issued to pay the principal <br />and interest on outstanding Temporary Improvement Bonds of <br />1970. <br /> <br />-2- <br />