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~5(a <br />:RESOLUTION <br />A Resolution Fixing the form and <br />details of :900, 000 Sanitary Sewer <br />System Improvement No. 1 Bonds, <br />creating a sinking fund, and levying <br />taxes. <br />BE IT RESOLVED by the Village Council of the Village of <br />Falcon Heights, Ramsey County, Minnesota as follows: <br />_1 <br />1. The Village sha:11 forthwith issue its negotiable <br />coupon general obligation bonds in the aggregate <br />principal amount of $800,000,, all dated July 1, 1957, for the pur- <br />po~-8~ providing money for the construction of Sanitary Sewer System <br />Improvement No. 1 of the Vi1:Lage of Falcon Heights. Said bonds shall <br />be 900 in number and numbered from 1 to 900, inclusive, each in the <br />denomination of $1,000 and shall mature serially, lowest numbers first, <br />on January 1 in the amount of $~+5, 000 in each of the years 1959 through <br />1978, inclusive. Bonds maturing from 1969 to 1978 shall be callable <br />on any interest payment date commencing January 1, 1968 at the option <br />of the Village in inverse order of serial numbers at par and accrued <br />interest with a premium of 15.00 on each bond called on or before <br />July 1, 1972. <br />The bonds of <br />numbers and maturing <br />bear interest at the <br />and serial numbers: <br />Maturity Years <br />Serial Numbers <br />Interest Rate <br />1959-65 1-315 ~.ooy <br />1866-70 316-5~+0 ~-.50~ <br />1971-78 5~+1-900 ~+ . 75~ <br />Plus 1.25/ per annum to be expressed by extra <br />coupons on 810 bonds maturing from 1961 through <br />1978 (Nos. 91-900) for the period 1-1-58 to <br />1-1-61 as follows: Coupons of x.25 each due <br />7-1-58, 1-1-59, 7-1-59~ 1-1-60, 7-1-60 and <br />1-1-61. <br />Interest on each and all of said bonds shall be payable July 1, 1958 <br />and semiannually thereafter on the first day of January and the first <br />day of July in each year. Both principal and interest shall be payable <br />at American National Bank, St. Paul, Minnesota, and the Village hereb t <br />agrees to p~.y the reasonable and customary charges of said paying age <br />ft~r the receipt and disbursement thereof. <br />,~ <br />said issue bearing the respective serial <br />in the respective years set forth below shall <br />annual rate set forth opposite such maturity years <br /> <br /> <br />'~'1 <br />