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HomeMy WebLinkAboutgr00090_000002_pg116116 RESOLUTION DETERMINING THE NECESSITY AND EXPEDIENCY OF BORROWING MONEY AND ISSUING BONDS FOR WATERWORKS IMPROVEMENT PURPOSES: AND CALLING AN ELECTION THEREON. BE IT RESOLVED BY the Village Council of the Village of Mounds View, Minnesota, as follows: (1) That it is hereby found, determined and declared that it is necessary and expedient for the Village to borrow money and issue its general obligation, negotiable coupon bonds for the purpose of providing funds for the construc- tion of a waterworks system for the Village. (2) That a special election is hereby called to be held in and for the Village of Mounds View on the proposition of whether the Village should borrow money and issue its bonds for the purpose of acquiring and constructing a waterworks system for the Village. Said election shall be held at the time and place specified in the form of notice hereinafter contained, and the Clerk is hereby authorized and directed to cause notice of said election to be given by publishing the same in the official newspaper at least once not later 'than one week prior to the election, and by posting copies of said notice at the polling places and at three other public and conspicuous places within the Village at least ten (10) days prior to the date of said election. Said notice shall be insubstantially the following form: NOTICE OF SPECIAL ELECTION MOUNDS VIEW, MINNESOTA December 8, 1959 NOTICE IS HEREBY GIVEN That a special Village election has been called to be held in and for the Village of Mounds View, Minnesota, On December 8, 1959, between the ho4rs of 6:00 A.M. o'clock and 8:00 ogclock P.M. at which time all qualified electors of the Village of Mounds View may cast their ballots on the following proposition: "Shall the Village of Mounds View, Minnesota, be authorized to borrow money and issue its general obligation bonds for the purpose of providing funds to acquire and construct a waterworks system for the Village at an estimated cost of $ to furnish water to the Village and its inhabitants?" The polling places for said election are as follows: