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Dated February 8, 1965.
<br />NOTICE OF SALE
<br />$2,075,000 IMPROVEMENT BONDS OF 1965
<br />VILLAGE OF MOUNDS VIEW, MINNESOTA
<br />NOTICE IS HEREBY GIVEN that the Village Council of the Village of Mounds
<br />View, Minnesota, will meet at the Vflage Hall in said Village, on N nday, the 22nd
<br />day of March, 1965, at 8.30 o'clock P.M., for the purpose of opening and consider-
<br />ing sealed bids for, and awarding the sale of $2,07c 000 Improvement Bonds of 1965
<br />of said Village to be issued for the purpose of paying costs of making sanitary
<br />sewer, street and water improvements. The bonds will be dated April 1, 1965, each
<br />in the denomination of $1,000 or $5,000, as the purchaser may designate within 48
<br />hours after award of sale, and will mature serially on April 1 in the years and
<br />amounts as follows: $75,000 in each of the years 1967 through 1975, and $70,000
<br />in each of the years 1976 through 1995. Those bonds maturing in the years 1977
<br />through 1995 will each be subject to redemption at the option of the Village on
<br />April 1, 1976, and any interest payment date thereafter, at 102% of par plus accrued
<br />interest if redemption is wade before April 1, 1986, or 101% of par plus accrued
<br />interest if redemption is made on or after said date. The bonds will bear interest
<br />at a rate or rates to be designated by the successful bidder, payable on October 1,
<br />1965, and semiannually thereafter on each April 1 and October 1.
<br />The Village will furnish without cost to the purchaser and within 40 days
<br />after award of sale, the printed and executed bonds and the unqualified approving
<br />legal opinion of Messrs. Dorsey, Owen, Marquart, Windhorst West, of Minneapolis,
<br />Minnesota. Delivery will be made without cost to the purchaser anywhere in the
<br />continental United States. Principal and interest will be made payable at any mu-
<br />tually satisfactory bank to be designated by the successful bidder within 48 hours
<br />after award of sale of the bonds.
<br />Sealed bids narked "Bid for $2,075,000 Bonds" may be delivered or mailed
<br />to the undersigned for opening at said meeting, and must be received prior to the
<br />time of said meeting. Each bid must be unconditional except as to legality, which
<br />may be conditioned upon the opinion of the above attorneys and must be accompanied
<br />by a cashier's or certified check or bank draft in the amount of $41,500, payable
<br />to the Village Treasurer, to be forfeited as liquidated damages in case the bid is
<br />accepted and the bidder shall fail to comply therewith. Bids shall state one basic
<br />rate of interest from date of issue to maturity for all bonds having a common ma-
<br />turity date. Not more than 6 such rates may be specified, and the maturities of
<br />the bonds may be split not more than 6 ways for the purpose of designation of such
<br />rates. The basic rate for any bond may not be lower than the basic rate for bonds
<br />of the preceding maturity. Bidders may provide that all l or some of the bonds shall
<br />bear a single additional interest rate, represented by an extra set of coupons, for
<br />any interest period or periods of the term of the bonds; provided, that the total
<br />dollAr amount of such interest shall aggregate not more than $31,125. The bid of-
<br />fering the lowest net interest cost for all of said bonds (total interest from date
<br />of issue to stated maturities, less any premium offered) will be deemed the most
<br />favorable. No bid for less than par plus accrued interest from date of issue to
<br />date of bond delivery will be considered. Oral auction bids will not be x ceived.
<br />The right to waive any inormality and the right to reject any and all bids are
<br />reserved.
<br />BY ORDER OF THE VILLAGE COUNCIL
<br />LLOYD J. BLANCHARD
<br />Village Clerk
<br />2401 Highway 10
<br />Mounds View, Minnesota
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