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RATES: All rates must be in integral <br />multiples of 1/20th of 1~ and may <br />• not exceed the maximum rate allowed <br />by law. at the time of sale. <br />Additional interest coupons may not <br />be used. No limitation is placed <br />upon the number of rates which may <br />be used. <br />AWARD: Award wall be made solely. on the <br />basis of lowest dollar interest <br />cost, determined by addition of any <br />discount to and deduction of any <br />premium from the total interest on <br />all bonds from their date to their <br />stated maturity. The net effective <br />average rate of the issue may not <br />exceed the maximum rate allowed by <br />law at the tame of .sale. <br />The Issuer reserves the right to reject any and all bids, to <br />waive informalities and to adjourn the sale. <br />Dated: July 19, 1983 <br />. BY,ORDER OF THE CITY COUNCIL <br />/s/ Dewan Barnes <br />Clerk-Administrator <br />Additional information <br />may. be obtained from: <br />EHLERS AND ASSOCIATES, INC. <br />507 Marquette Avenue <br />Minneapolis, Minnesota 55402 <br />Telephone No: 612-339-8291 <br />• <br />