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Trustee Shields then introduced the following resolution and moved its adoption: RESOLUTION ESTABLISHING THE FORM AND TERMS AND DIRECTING THE EXECUTION AND DELIVERY OF $3,265,000 TEMPORARY IMPROVEMENT BONDS, SERIES 1 BE IT RESOLVED by the Council of the Village of Roseville, Minnesota, as follows: 1. The Temporary Improvement Bonds, Series 1, sold this date, shall be issued under and pursuant to the provisions of Minnesota Statutes 1961, Chapter 429, and in accordance with the provisions of Section 429.091) Subdivision 3, in the aggregate principal amount of $3,265,000, dated as of May 1, 1964; shall be 133 in number and numbered from 1 to 133, inclusive, each in the denomination of $25,000 except that the bonds numbered 131) 132 and 133 shall be in the denomination of $5,000 eachj shall bear interest at the rate of 3.10% per annum, payable November 1, 1964, and semiannually thereafter on May 1 and November 1 in each year, and shall mature on May 1, 1966, subject to the right which is hereby reserved by the Village to prepay and redeem any or all of the bonds on November 1, 1965, at par plus ac- crued interest and in inverse order of their serial numbers) provided that not less than 30 days prior to said date the Village Treasurer shall mail notice of the call of any bonds for redemption on said date to the holders thereof, if known, and to the bank at which principal and interest on the bonds are then payable. The Treas- urer shall maintain a record of the names and addresses of the holders of any of the bonds who shall communicate this information for the purpose of receiving such notice. The principal of and interest on the bonds shall be payable at The First National Bank of Saint Paul, in St. Paul, Minnesota, and the Village agrees to pay the reasonable and customary charges of the paying agent for the receipt and dis- bursement thereof. 2. The bonds shall be in substantially the following form: -3-