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Last modified
7/17/2007 9:10:07 AM
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4/25/2005 11:54:08 AM
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Roseville City Council
Document Type
Council Resolutions
Resolution #
6554
Resolution Title
Authorizing and providing for public sale of $1,600,000 Improvement Bonds, Series 9
Resolution Date Passed
9/19/1977
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<br />payment date thereafter at par and accrued interest. Callable <br />bonds will be redeemed in inverse order of their serial numbers. <br /> <br />PAYING AGENT <br /> <br />Bidder's discretion. <br /> <br />CUSIP NUMBERS <br /> <br />The bonds will be printed without CUSIP numbers unless re- <br />quested by the purchaser who must agree in the Offer for the <br />Bonds to pay all costs and expenses thereof including printing <br />and CUSIP Service Bureau charges. Any failure to print such <br />numbers or errors in printing shall not be cause for failure or <br />refusal of the purchaser to accept delivery of and pay for the <br />bonds in accordance with the purchase contract. The purchaser <br />shall waive any extension in delivery time due to use of the <br />numbers and shall accept all responsibility in connection with <br />use of CUSIP numbers. <br /> <br />DELIVERY <br /> <br />Bonds will be delivered on or before November 30, 1977, sub- <br />ject to approving legal opinion of Messrs. Peterson, Popovich, <br />Knutson & Flynn, Professional Association, of St. Paul, Minnesota, <br />and ~1essrs. Briggs and Morgan, Professional Association, of St. <br />Paul, Minnesota. Bond printing and legal opinion will be paid <br />by issuer and delivery will be anywhere in the continental <br />United States without cost to the purchaser. Legal opinion will <br />be printed on the bonds at the request of the successful bidder. <br /> <br />TYPE OF BID <br /> <br />Sealed bids of not less than $1,570,455 and accrued interest <br />on the principal sum of $1,600,000 from date of bonds to date of <br />delivery must be filed with the undersigned prior to the time <br />of sale, together with a certified or cashier's check in the <br />amount of $32,000, payable to the order of the Treasurer of the <br />issuer, to be forfeited as liquidated damages if bidder fails <br />to comply with accepted bid. Bids for the bonds should be <br />addressed to James F. Andre, r1anager, City Hall, 2660 Civic <br />Center Drive, Roseville, Minnesota 55113. <br /> <br />RATES <br /> <br />All rates and combination of rates must be in integral mul- <br />tiples of l/20til of 1% and may not exceed 7% per annum. Additional <br />interest coupons may not be used. No limitation is placed on the <br />number of rates which may be used. All bonds of a single maturity <br />shall bear a uniform basic rate of interest from date of issue <br />until paid and the basic rate of interest payable on each bond <br />
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