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• of each maturity date to bear interest from their date of <br /> issue until paid at the annual rate set forth opposite such <br /> maturity date respectively : <br /> Maturity Date Interest Rate <br /> August 1, 1987 4 . 25% <br /> February 1, 1988 4 . 50% <br /> August 1, 1988 4 . 50% <br /> February 1, 1989 5 . 00% <br /> August 1, 1989 5 . 00% <br /> Such offer is deemed advantageous to the City and is hereby <br /> accepted. The Certificates are being sold by the City without <br /> a public sale pursuant to Minnesota Statutes, Section 475 . 60, <br /> subdivision 2 ( 2 ) . The City has not sold any other obligations <br /> without a public sale pursuant to this provision in the last <br /> three months . . The Mayor and City Manager are hereby authorized <br /> and directed to execute a contract on the part of the City <br /> for the sale of the Certificates to Miller & Schroeder Financial , <br /> Inc . <br /> Dated: November 25 , 1986. <br /> 001, <br /> go- Ims Mayor <br /> Attest : <br /> City Verk <br /> The motion for 'the adoption of the foregoing resolution <br /> was duly seconded by Member Marks and upon vote <br /> being taken thereon, the following voted in favor thereof : <br /> Sundland, Ranallo, Marks, Enrooth, Makowske <br /> and the following voted against the same : <br /> None <br /> whereupon said resolution was declared duly passed and adopted. <br /> i <br /> _2_ <br /> � "'h Q, ' �� <br />