#058 07-20-54 Award Sale Sewer Improvement Bonds1
Resolution No. 5$ July 20, 1954
Member Stark introduced the following resolution and moved
its adoption:
RESOLUTION AWARDING SALE OF $750,000
SEWER IMPROVEMENT NO. 1 BONDS, SERIES A AND B
BE IT RESOLVED by the Village Council of the Village of Golden
Valley, Minnesota, that the syndicated bid of Piper, Jaffray,
and Hopwood, J. M. Dain & Company, Allison -Williams Company,
Cadwell, Phillips Company, Mannheimer -Egan, Inc., Shaughessy
& Company, Inc., Harold E. Wood and Company, Woodard -Elwell
and Company, Paine, Webber,.Jackson, and Curtis, Kalman and
Company, Juran and Mood, E. J. Prescott Company of Minneapolis,
Minnesota, to purchase 4750POOO Sewer Improvement No. 1 Bonds,
Series A and B, of the Village to be dated July 1, 1954,
at a price of par and accrued interest plus a premium of
$100.00 the bonds maturing in the years set forth below to
bear interest at the respective rates per annum set opposite
such maturity years:
Maturity Years
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
Interest Rates
3% a
3%
3%
m
and to be issued in accordance with the notice of call for bids
heretofore duly published, is hereby found and declared to be
the highest and best bid received pursuant to advertised notice
of sale of said bonds and is hereby accepted. The Mayor and
the Clerk are hereby authorized and directed to endorse accep-
tance of said bid in behalf of the Village on the bid submitted
by said successful bidder, and to return to him one copy of
his bid. The Village Clerk is directed to retain the good faith
check of said successful bidder, and to return all other good
faith checks forthwith.