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NOTICE OF SALE
<br />$250,000 IMPROVEMENT BONDS
<br />$140,000 MUNICIPAL STATE -AID STREET BONDS
<br />VILLAGE OF MOUNDS VIEW, MINI'ESOTA
<br />XOTICE IS HEREBY GIVEN That the Village Council of the Village of Mounds
<br />View, Minnesota, will meet at the Village Hall, 2401 Highway #10, in said
<br />Village on Monday, December 11, 1967, at 8:00 o'clock P.M., CST, to open,
<br />receive and consider sealed bids for and award the sale of $250,000
<br />Improvement Bonds and $140,000 Municipal State -Aid Street Bonds of said
<br />Village. The bonds shall be negotiable coupon, general obligations of
<br />the Village in denominations of $1,000 or $5,000 each (bidder's option),
<br />l hall be dated January 1, 1968, shall bear interest at the rate or rates
<br />designated by the successful bidder, subject to the limitations stated
<br />below, payable on July 1, 1968, and semiannually thereafter on January 1
<br />and July 1 of each year, and shall mature serially on January 1 in the
<br />following years and amounts:
<br />$140,000
<br />$250,000 IMPROVEMENT BONDS MUNICIPAL STATE -AID STREET BONDS
<br />1970 $15,000 1980 $10,000 1969 5,000 1979 $10,000
<br />x1971 15,000 1981 10,000 1970 5,000 198C 10,000
<br />1972 15,000 1982 10,000 1971 10,000 1981 10,000
<br />173 15,000 1983 10,000 1972 10,000 1982 10,000
<br />74 15,000 1984 10,000 1973 10,000 1983 10,000
<br />j75 15,000 1985 10,000 1974 10,000
<br />1976 15,000 1986 10,000 1975 10,000
<br />1977 15,000 1987 10,000 1976 10,000
<br />1978 15,000 1988 10,000 1977 10,000
<br />1979 15,000 1989 10,000 1978 10,000
<br />Bonds of the improvement issue maturing in the years 1982 through 1989
<br />will be callable at the option of the Village, in inverse numerical order,
<br />In January 1, 1981, and any interest payment date thereafter at a price of
<br />102% of par, plus accrued interest. The Municipal State -Aid Street Bonds
<br />are without option of prior payment.
<br />Principal and interest will be made payable at a suitable banking institu-
<br />tion designated by the successful bidder within 48 hours after award of
<br />sale. The successful bidder will be furnished, without cost, the printed
<br />and executed bonds bearing the approving legal opinion of Messrs. Dorsey,
<br />Marquart, Windhorst, West, and Halladay, of Minneapolis, Minnesota. The
<br />-w ponds will be delivered anywhere in the continental United States within
<br />orty days after award without expense to the purchaser.
<br />aled bids will be received by the undersigned Village Clerk prior to the
<br />Mme of said meeting. Each bid must be unconditional except as to legality,
<br />which may be conditioned upon the opinion of the above -named attorneys, and
<br />must be accompanied by a cashier's or certified check or bank draft in the
<br />amount of $7,800, payable to the Village Treasurer, to be forfeited as
<br />liquidated damages should the bid be accepted and the bidder fail to comply
<br />therewith. The bid offering the lowest net interest cost for both issues,
<br />computed to the stated maturities of the bonds of both issues at the coupon
<br />rates specified, less the amount of any cash premium offered, will be
<br />onsidered the most favorable. All bonds of both issues which mature on
<br />the same date must bear interest at the same basic rate from date of issue
<br />to maturity, not exceeding the basic rate specified for any bond maturing
<br />on a later date. Not more than five such rates m,_,y be specified, and the
<br />maturities of the bonds may be split not more than five ways for the pur-
<br />pose of eesignating such basic rates. One additional rate of interest, to
<br />be represented by separate and detachable coupons, may be specified for any
<br />or all bonds for any portion of their term, but the total amount of such
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