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7/17/2007 9:09:08 AM
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4/23/2005 5:21:30 PM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
633a
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<br />NO'I'ICE o.~' Si\I.,E <br />$1,000,000 ,.,JATER IKPr.VJEME~rr BONDS <br />SERIES 1 <br />VILLAGE OF ROSEVILLE, RAMSEY COUNTY, MINNESOTA <br /> <br />NOTICE IS HEREBY GIVEN that the Council of the Village of <br />Roseville, Minnesota, will meet in the Council Chambers of the <br />Village Hall in said Village at 8:00 o'clock P.M. on Wednesday, <br />the 7th day of November, 1962, to receive, open and consider <br />sealed bids for and award the sale of its negotiable coupon <br />general obligation Water Improvement Bonds, Series 1, in the <br />principal amount of $1,000,000, to be issued to pay a part of <br />expenses incurred and to be incurred in the construction of Water <br />Improvement No. 62-1, pursuant to the provisions and under the <br />authority of Minnesota Statutes 1961, Chapter 429. Said bonds <br />will be dated November 1, 1962, will bear interest at the rate or <br />rates to be designated by the successful bidder in integral <br />mutiples of 1/4 or 1/10 of 1% per annum, payable November 1, 1963, <br />and semi-annually thereafter on May 1 and November 1 of each <br />year and will mature serially on November 1 in the years and <br />amounts as follows: <br /> <br />$50,000 <br /> <br />196;3 - 1982 <br /> <br />The bonds maturing in the years 1973 through 1982 will be <br />callable at the option of the Village on November 1, 1972 and <br />any interest payment date thereafter at par and accrued interest <br />plus a premium of $20 if prepaid on or before May 1, 1977, and <br />without premium if prepaid on or after November 1, 1977. Of the <br />bonds outstanding at the time of redemption, those bearing the <br />highest coupon rate will be prepaid first, in inverse order of <br />their serial numbers. <br /> <br />Principal and interest will be made payable at such banking <br />institution in the united States named by purchaser. The bonds <br />will be issued in denomination of $1,000 or $5,000 each, as <br />desired by purchaser. Purchaser is rUjL1/-:.sted to advise the village <br />of denomination and paying agent desirc~ within 48 hours after <br />the sale. The village will furnish, witho-~t cost to the purchaser, <br />and within 30 days after date of sale, the printed and executed <br />bonds and approving legal opinion of Messrs, Dorsey, Owen, <br />Marquart, Windhorst & West of Minneapolis, Minnesota~ and Messrs. <br />Peterson & Popovich of St. Paul, Minnesota, together with <br />certificate stating that there is then no litigation threatened or <br />pending, affecting the validity of the bonds. <br />
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