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<br />within 24 hours after the issuer has been advised of the proposed <br />agent. Issuer will pay customary charges. <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 the CUSIP numbers. <br /> <br />DELIVERY <br /> <br />Bonds will be delivered on or before November 28, 1981, sub- <br />ject to approving legal opinion of Messrs. Peterson, Popovich, <br />Knutson & Flynn, Professional Association, of St. Paul, Minnesota, <br />and Messrs. Briggs and Morgan, Professional Association, of st. <br />Paul, Minnesota. Bond printing and legal opinion will be paid by <br />issuer and delivery will be anywhere in the continental United <br />States without cost to the purchaser. Legal opinion will be <br />printed on the bonds. <br /> <br />TYPE OF BID <br /> <br />Sealed bids of not less than $3,362,317 and accrued interest <br />on the principal sum of $3,420,000 from date of bonds to date of <br />delivery, together with a certified or cashier's check in the <br />amount of $68,400 payable to the order of the City Treasurer, to <br />be forfeited as liquidated damages if bidder fails to comply with <br />accepted bid, may be mailed or delivered to the office of Peterson, <br />Popovich, Knutson & Flynn, 314 Minnesota Building, St. Paul, <br />Minnesota 55101, and must be received at their office prior to <br />4:00 p.m. on October 28, 1981, at which time the bids will be <br />opened and tabulated. <br /> <br />RATES <br /> <br />Bidders must specify a single rate of interest which must <br />be an integral multiple of 1/20 of 1% and may not exceed 12% per <br />annum. Additional interest coupons may not be used. <br /> <br />AWARD <br /> <br />Award will be made on the basis of lowest dollar interest <br />cost, determined by deducting any premium offered and adding any <br />amount less than $3,420,000 to the total interest on all bonds <br />from their date to their stated maturity. The net effective <br />average rate of interest may not exceed 12% per annum. The City <br />Council will meet at 7:30 p.m. Central Time on October 28, 1981, <br />