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NOTICE OF SALE <br />$155,000 GENERAL OBLIGATION IMPROVEMENT BONDS <br />CITY OF HUGO, MINNESOTA <br />These bonds will be offered on Monday, November 17, 1975, at 7:30 o'clock <br />P.M., at the City Hall in the City of Hugo, Minnesota. Dated December 1, 1975, the <br />bonds will mature on March 1, without option of prior payment, in the years and <br />amounts as follows: <br />Year <br />Amount <br />Year <br />Amount <br />1978 <br />$15,000 <br />1983 <br />$15,000 <br />1979 <br />15,000 <br />1984 <br />15,000 <br />1980 <br />15,000 <br />1985 <br />15,000 <br />1981 <br />15,000 <br />1986 <br />15,000 <br />1982 <br />15,000 <br />1987 <br />20,000 <br />Interest will be payable on September 1, 1976, and semiannually thereafter. Each <br />rate will be in an integral multiple of 5/100 of 1%, and no rate may exceed 75111 per <br />annum. An unqualified legal opinion will be furnished by Messrs. Briggs and Morgan, <br />Professional Association, of St. Paul, Minnesota. The purpose of the bonds is to <br />provide funds for the construction of street and storm sewer improvements in the <br />City. <br />BY ORDER OF THE CITY COUNCIL <br />Robert E. Burkard <br />City Clerk <br />Further information may be obtained from and bids may be delivered to: EHLERS AND <br />ASSOCIATES, INC., Financial Consultants to the City, First National -Soo Line Con- <br />course, 507 Marquette Avenue, Minneapolis, Minnesota 55402. Telephone: (612) <br />339-8291. <br />