#089 12-21-54 Award Improvement Bonds1
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RESOLUTIONS ADOPTED
by the
VILLAGE COUNCIL
Resolution No. 89
December 21, 1954
Member Rahn introduced the following resolution and moved its
adoption:
RESOLUTION AWARDING SALE OF
IMPROVEMENT BONDS OF 1955
BE IT RESOLVED by the Village Council of the Village of
Golden Valley, Hennepin County, Minnesota, that the bid of
E. J. Prescott & Company , and Associates, of Minneapolis,
Minnesota, to purchase 86,000 Improvement Bonds of 1955 of
the Village to be dated January 1, 1955s at a price of $86,000
and bearing interest at the rate of 2.50% per annum, plus
additional interest at the rate of 1% per annum from July 1,
1955 to July 1, 1956, to be represented by separate "B"
coupons, principal and interest to be payable at The American
National Bank of Saint Paul, in St. Paul, Minnesota, and to
be issued in accordance with the notice of bond sale hereto-
fore duly published, is hereby found and declared to be the
highest and best bid received purusant to advertised notice
of sale of said bonds, and is hereby accepted. The Village
Clerk is directed to retain the good faith check of said
successful bidder and to return all other good faith checks
forthwith.
Mayor
Attest:
e C er
The motion for the adoption, of the foregoing resolution
was duly seconded by Member Stark, and upon vote being talon
thereon, the following members voted in favor thereof: Bies,
Foss, Huebsch, Rahn and Stark; and the following voted against
the same; None, whereupon said resolution was declared duly
passed and adopted, signed by the Mayor and his signature
attested by the Clerk.
164
CID
Resolution Number 90 and 91 may be found on pages 191 and 194,
respectively.
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