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~r first day of September, 1949, shall be in the denominations of One Thousand Dollars each,, shall bear interest at the rate specified by the successful bidder, not exceeding, however, 4f per annum payable semi-annually, and shall mature serially on September 1st in the years and amounts following: X4 000.00 in 1951 X5,000.00 in 1956 , 000.00 4 in 1952 5,000.00 in 1957 , 4,000.00 in 1953 5,000.00 in 1958 4,000.00 in 1954 5,000.00 in 1959 4,000.00 in 1955 All bonds maturing on or subsequent to September 1, 1956, shall be subject to redemption upon any interest payment date on or after September 1, 1954, at par and accrued interest, upon the Village giving thirty days notice of such redemption in the official news- paper of the said Village, specifying by number and maturity the bond or bonds to be called. The Village will furnish printed bonds and the approving legal opinion of Messrs. Briggs, Gilbert, Morton, Kyle & Ntacartney, Y1-2162 First National Bank Building, St. Paul, Minnesota, both with- out cost to the purchaser. Both principal and interest of and on the said bonds shall be payable at any suitable bank or Trust Company designated by the suc- cessful bidderw All bids must be unconditional, must be accompanied ,,y ~, eertzfied check in the amount of at least X500.00, payable to 'the `order of the Village, to be forfeited as liquidated damages in case a bid is accepted and the bidder whose bid has been accepted shall fail to comply therewith. Sealed bids must be submitted stating one or more interest rates in multiples of 1~4 or 110 of one per cent, must be directed to the Council of the Village of Falcon heights and must be mailed or otherwise delivered to Lynn Matteson, I4ayor, at 1494 Iowa Avenue West, Village of Falcon Heights, Minnesota, and must be received by him prior to the time of said meeting. The Council reserves the right to reject any or all bids, and to continue the sale if deemed advisable. Dated this 14th day of July, 1949. By order of the Village Council: E. B. Rowley, Deputy Clerk. 7. All of the provisions of the foregoing Notice of Sale are hereby approved and adopted, tY}e same as if they had been separately set forth and resolved herein. ~'