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<br />Sealed bids marked "Bid for :;;.L,OOO,OOO Bonds, Series 1" <br />must be mailed or delivered to the undersigned Village Clerk <br />and must be received at his office prtor to time of meeting. <br />Oral auc.tion bids will not be considered. Each bid must be <br />unconditional except as to legality and must be accompanied by a <br />cashiers or certified check in the amount of $20,000 payable <br />to the Village Treasurer to be retained as liquidated damages <br />in case the bid be accepted and the bidder shall fail to comply <br />therewith. All bonds of a single maturity shall bear a uniform <br />basic rate of interest from date of issue until p~id and the basic <br />rate of interest payable on each bond of the issue must not exceed <br />the basic rate of interest payable on other bonds of the same or <br />subsequent maturities. Bidders may specify that all or any of <br />the bonds shall bear interest at an additional rate, to be <br />represented by separate and detachable coupons, for a period <br />expiring on or before November 1, 1964, provided that the aggregate <br />amount of interest represented by such coupons does not exceed <br />$20,000. The bid offering the lowest dollar amount of net interest <br />cost computed to stated maturities of said bonds, deducting <br />therefrom the premium if any, will be deemed the most favorable <br />to the Village. No bid of less than par and accrued interest <br />will be considered and the Village reserves the right to <br />reject any or all bids, and to waive any informality in any <br />bid and to adjourn the sale if deemed necessary. <br /> <br />Dated: October 8, 1962 <br /> <br />BY ORDER OF THE VILLAGE COUNCIL <br /> <br />Richard W. Turnlund <br />Village Clerk <br /> <br />For further information: <br />PETERSON & POPOVICH <br />314 Minnesota Building <br />St. Paull, Minnesota <br />CApital 2-5515 <br />