1975.09.24 CC Minutes - Laserfiche WebLink

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CUSIP Numbers The City will assume no obligation for the assignment on the bonds or for the correctness of any numbers printed such numbers to be assigned and nt printing of t will numbers Purchaser waives an Printed at the expense Ofdthe Purchereon,aser, but will permit y extension of the time of deliver Purchaser, if the Y caused thereby. Within 40 days after sale, the City will furnish a Purchaser or, at his option, will deposit with a bank ' by him and approved by the City as its agent and deliver United the office se the to the purchaser 9 to permit�examinationy tandstoedelive the printed and executed bonds, the unqualified opinion bond counsel, and a certificate stating that no ii ver their validity is then threatened or P neon thereon of be paid by thb purchaser, but all other costs litigation in any manner questioning chase price must be Pending. The charge of the delivery agent must paid upon delivery of the bonds$ or be wiithintfived deposit with the delivery agent, in funds available City. The Pur - the day of payment. a for expenditure by after Y the City on Le al 0 inion An unqualified legal opinion on the bonds will be Morgan, Professional Association, of St. Paul, Min Printed on the bonds at the request of the furnished by Messrs. Sri that the bonds are valid and binding Minnesota. The legal opinionwillbe is obligated and required to levy taxes Purchaser. The legal opinion will state the same become due without limit general obligations of the Cit for the principal and interestathereon nd the city as to rate or amount. Type of Bid Amount Sealed bids must be mailed or delivered to the and Prior to the time of said undersigned and must be received accompanied b meeting. Each bid must be unconditional and y a cashier's or certified check or bank draft in the a Payable to the City Treasurer, to be retained by the must be the bid is accepted and the bidder fails to com 1 mount of $3,100, less any the lowest net interest cost (total interest fr City as liquidated damages if the lowest cash premium or plus any amount less p ' therewith. The bid authorizingmaturities be from'date of bonds to stated maturities, deemed the most favorable. than $155,000 bid for Principal) principal plus accrued interest N on ofdthe bondsand no �d•of'less than will reserves the right to reject any and all bids ands waive $152,0nd for bid. will be considered, and the City any informality in any BY ORD F E CIT U t�� Obert E. OZ City Clerk Further ESf infoINCrmation n may be obtained from and bids Con - curse, 507 Marquette Avenue, Minneaponcial j�s to i Minnesota' be delivered to: EHLERS AND 339-8291, Y> First National -Soo Line Con- . Ota 55402.- Telephone: (612)