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<br />RA TE S : <br /> <br />AWARD: <br /> <br />DA TED: <br /> <br />accepted bid. Bids for the bonds <br />should be addressed to James F. Andre, <br />city Manager, City Hall, 2701 North <br />Lexington, Rosevi11e, Minnesota <br />55113. <br /> <br />All rates and combination of rates <br />must be in integral multiples of <br />1/20th of 1% and may not exceed 7% per <br />annum. Additional interest coupons <br />may not be used. No limitation is <br />placed on the number of rates which <br />may be used. All bonds of a single <br />maturity shall bear a uniform <br />basic rate of interest from date <br />of issue until paid and the basic <br />rate of interest payable on eacn <br />bond of the issue must not exceed <br />the basic rate of interest payable <br />on other bonds of the same or <br />subsequent maturities. <br /> <br />Award will be made on the basis of <br />lowest dollar interest cost, <br />determined by addition of any dis- <br />count to and deduction of any pre- <br />mium from the total interest on all <br />bonds from their date to their stated <br />maturity. The net effective average <br />rate of the issue may not exceed 7% <br />per annum. <br /> <br />The issuer reserves the right.to <br />reject any and all bids, to waive <br />informalities, and to adjourn the <br />sale. <br /> <br />May 19, 1975. <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />James F. Andre <br />City Manager <br /> <br />Additional information may be obtained from: <br /> <br />PETERSON & POPOVICH <br />City Bond Consultants <br />314 Minnesota Building <br />St. Paul, Minnesota 55101 <br /> <br />Phone: 612-222-5515 <br />