CC AGENDA 04221975 - Laserfiche WebLink

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NOTICE OF SALE $30•,,000:00 • CERTIFICATES OF INDEBTEDNESS City of St. Anthony Hennepin & Ramsey Counties , Minnesota NOTICE IS HEREBY GIVEN that the City Council of the City of St. Anthony, Minnesota, will meet at Wilshire Park School on May 27 1 , 1975 , at 7:30 o' clock P .M. , to receive, open and consider sealed bids for the purchase of $30 000.00 general obligation Certificates of Indebtedness of tie City, the proceeds of which will be used to finance the purchase of a street sweeper for the City. The bonds will be in the denomination, or denominations , in multiples of $1, 000 ,' as specified by the successful bidder, will be dated May 1 , 1975 , will be in bearer form and numbered consecutively , and will mature , without option of prior payment, in order of serial numbers on November 1 in the following years and amounts : Year Amount 1976 $10, 000 1977 $10 , 000 1978 $10 , 000 The bonds will bear interest, represented by nego- tiable coupons, at the rate or rates designated by the success- ful bidder, payable semiannually each May 1 and November 1, commencing May 1, 1976, and no rate may exceed 7% per annum. All bonds maturing on the same date must bear interest from date of issue to maturity at a single uniform rate, not exceeding the rate specified for bonds of any subsequent maturity, expressed in an integral multiple of 5/100th of 1% per annum. No supplemental or "B" coupons will be permitted. Principal and interest will be made payable at any suitable bank in the United States designated by the successful bidder within 48 hours after award of sale, subject to approval by the City Council , and the City will pay the reasonable and customary paying agent' s charges . The City will furnish, without cost to the purchaser and within 40 days after award of sale , the printed and executed bonds, the unqualified approving legal opinion of Messrs. Dorsey, Marquart, Windhorst, West & Halladay, of Minne- apolis , Minnesota, and the usual form of no-litigation certificate . Delivery will be made without cost to the purchaser anywhere in the continental United States. Payment by the purchaser must be in immediately available funds . The City will assume no obligation for the assignment or printing of CUSIP numbers on the bonds or for the correctness of any numbers printed thereon, but will permit such printing to be done at the expense of the purchaser , if the purchaser waives any extension of the time of delivery caused thereby.