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NOTICE OF SALE <br /> CITY OF ST. ANTHONY, MINNESOTA <br /> $875, 000 GENERAL OBLIGATION-REVENUE WATER SYSTEM BONDS, <br /> SERIES 1988A <br /> (CAPTIAL APPRECIATION BONDS) <br /> Sealed bids for the purchase of these Bonds will be opened by the <br /> City at the office of Springsted Incorporated, 85 East Seventh <br /> Place, Suite 100, in St. .Paul , Minnesota, at 11 : 00 A.M. , Central <br /> Time, on Tuesday, June 28, 1988 . The Bonds will be dated and <br /> shall bear- interest from the date of settlement. Interest on the <br /> Bonds shall be compounded on January 1, 1989, and semiannually <br /> thereafter on January 1 and July 1 of each year, and is payable, <br /> together with principal , only at maturity or upon prior <br /> redemption. The Bonds will be issued in the aggregate original <br /> principal amount of approximately $875, 0'00 . The rate specified <br /> by the successful purchaser will determine the original principal <br /> amount of each Bond. The maturity value of approximately <br /> $1, 200 , 000 will be paid on July 1, 1993 . The City reserves the <br /> right to increase or decrease the maturity value, in the multiple <br /> of $5, 000, in order to result in an original principal amount <br /> • which will not exceed $875, 000 . <br /> The Bonds will be subject to redemption prior to maturity on <br /> July 1, 1992 and January 1, 1993 at their accreted value. <br /> Bidders must specify a price of not less than 98. 5% of the <br /> original principal amount. A legal opinion will be furnished by <br /> Dorsey & Whitney, of Minneapolis , Minnesota. The proceeds will <br /> be used to pay costs related to the operation of the City' s water <br /> system. <br /> BY ORDER OF THE CITY COUNCIL <br /> Carol Lou Johnson <br /> City Clerk <br /> Further information may be obtained from the Issuer ' s Financial <br /> Advisor, SPRINGSTED INCORPORATED, 85 East Seventh Place, <br /> St . Paul, Minnesota 55101, 612/223-3000 . <br /> • <br />