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a <br />TYPE OF BIDS: <br />OPINION OF ACCOUNTANTS <br />AND ACTUARIES: <br />will be paid by issuer and delivery <br />will be at The First National. Bank <br />of Saint Paul, in St. Paul, Minne- <br />sota without cost to the purchaser. <br />Legal opinion will be printed on <br />the bonds Payment for the bonds. <br />must be in federal. funds on the <br />date of delivery. <br />Sealed bids of not less than <br />$739,000 and accrued interest on <br />the principal sum of $739,000 from <br />date of bonds to date of delivery <br />must be filed with the undersigned <br />prior to the time of sale. Bids <br />must be unconditional except as <br />to legality. A certified or <br />cashier's check in the amount of <br />$14,780, payable to the order of the <br />Treasurer of bhe issuer must <br />accompany each bid, to be forfeited as <br />liquidated damages if bidder fails to <br />comply with accepted.bid. Bids <br />for the bonds should be.addressed to: <br />Mr. Donald Mehsikomer <br />City Clerk --Treasurer <br />11194 Upper 33rd St. No. <br />Lake Elmo, Minnesota 55042 <br />At the time of delivery, the City will, <br />deliver to the successful bidder <br />an opinion of a -firm of nationally <br />recognized certified public account- <br />ants stating that the securities <br />to be acquired from the proceeds of the <br />sale of the Bonds will. mature at dates <br />and in amounts sufficient to pay when <br />due, or called for redemption prior <br />to maturity, all principal and in- <br />terest on the bonds being refunded. <br />The City will also delivery an opinion <br />of a firm of nationally recognized <br />actuaries pertaining to the respective <br />yields to be borne by the bonds and <br />the obligations to be acquired.from <br />bond proceeds.. <br />PAGE 3- EXHIBIT "A" to R-75-19- <br />