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forth in Section 3.01 hereof. The proposal is hereby accepted, <br />and the Mayor and the-City Clerk are hereby authorized and <br />directed to execute a contract on the'part of the City for the <br />sale of the Bonds with the Purchaser. The good faith checks of <br />the unsuccessful bidders shall be returned forthwith. <br />1.03. parfnrmanCe of Requirements. All acts, <br />conditions and things which are required by the Constitution <br />and laws of the State of Minnesota to be done, to exist, to <br />happen and to be performed precedent to and in the valid <br />issuance of the Bonds having been done, existing, having <br />happened and .having been performed, it is now necessary for <br />this Council to establish the form and terms of the Bonds, to <br />provide security therefor and to issue the Bonds forthwith. <br />1.04. Matur~t~es of Bonds. The Council hereby finds <br />that the maturities of the Bonds as set forth in Section 3.01 <br />hereof are warranted by the anticipated collections of special <br />assessments and ad valorem taxes levied and to be levied for <br />the Bonds as provided in Section 4 hereof. <br />Section 2. Form of Bonds. The Bonds shall be <br />prepared in substantially the following form: <br />.] <br /> <br />-2- <br />