Laserfiche WebLink
bonds maturing on the same date must bear interest from date <br /> of issue until paid at a single, uniform rate, not exceeding <br /> the rate specified for bonds of any subsequent maturity. Not <br /> more than 7 interest rates may be spec.ified for the issue. <br /> Each rate must be in an integral multiple of 5/100 of 1%, and <br /> no rate may exceed 7% . No supplemental or "B" coupons will <br /> be permitted . <br /> Paying Agent <br /> Principal and interest will be made payable at any suitable <br /> bank in the United States designated by the successful bidder <br /> with 48 hours after award of sale, subject to approval by <br /> the City, and the City will pay the reasonable and customary <br /> paying agency charges . <br /> CUSIP Numbers <br /> The City will assume no obligation for the assignment or printing <br /> of CUSIP numbers on the bonds or for the correctness of any <br /> numbers printed thereon, but will permit such numbers to be <br /> assigned and printed at the expense of the purchaser, if the <br /> purchaser waives any extension of the time of delivery caused <br /> thereby. <br /> Delivery <br /> Within 40 days after sale, the City will furnish and deliver <br /> at the office of the purchaser or, at his option, will deposit <br /> with a bank in the United States selected by him and approved <br /> by the City as its agent to permit examination by and to deliver <br /> to the purchaser , the printed and executed bonds , the unquali- <br /> fied opinion thereon of bond counsel , and a certificate stating <br /> that no litigation in any manner questioning their validity is <br /> then threatened or pending. The charge of the delivery agent <br /> must be paid by the purchaser, but all other costs will be paid <br /> by the City . The purchase price must be paid upon delivery of <br /> the bonds , or within five days after deposit with the delivery <br /> agent, in funds available for expenditure by the City on the <br /> day of payment . <br /> Legal Opinion <br /> An unqualified legal opinion on the bonds will be furnished by <br /> Messrs . Briggs and Morgan of St. Paul , Minnesota. The legal <br /> opinion will be printed on the bonds at the request of the <br /> purchaser. The legal opinion will state that the bonds are valid <br />