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RATES: <br />AWARD: <br />All rates must be in integral mul- <br />tiples of 1 /20th of 1% and may not <br />exceed 7% per annum. Additional <br />interest coupons may not be used. <br />All bonds of the same maturity must <br />bear a single uniform rate from date <br />of issue to maturity and no rate of <br />any maturity may be lower than the <br />highest rate applicable to bonds of <br />any preceding maturities. No limi- <br />tation is placed upon the number of <br />rates which may be used. <br />Award will be made solely on the <br />basis of lowest dollar interest <br />cost, determined by addition of <br />any discount to and deduction of <br />any premium from the total interest <br />on all bonds from their date to <br />their stated maturity. The net <br />effective average rate of the issue <br />may not exceed 7% per annum. <br />The Issuer reserves the right to reject any and all bids, to <br />waive informalities and to adjourn the sale. <br />Dated: September 10, 1975 <br />Additional information <br />may be obtained from: <br />JURAN & MOODY, INC. <br />114 East Seventh Street <br />St. Paul, Minnesota 55101 <br />Telephone No. 612- 291 -1520 <br />BY ORDER OF THE CITY COUNCIL <br />/s/ Joseph G. Chlebeck <br />City Clerk <br />15 <br />