#151 04-12-56 Award Sale Lateral Sewer Improvement No. 1 Bonds308
Resolution No. 151 April 12, 1956
Member Stark introduced the following resolution and moved its adoptions
RESOLUTION AWARDING SALE OF $375,000 LATERAL SEWER
iMMYENOT NO. 1 BONDS (Second Series)
AND
$l, OOO, OOO TRUNK SEWER DMOV ' ENT NO. 2 BONDS
BE IT RESOLVED by the Village Council of the Village of Golden Valley,
M3aanesota, that the bid of. Piper, Jaffray & Hopwood, . et. al. of MInneapolis,
Minnesota, to purchase $375,000 Lateral.Sewer Improvement No. 1 Bonds
(Second Series) and $1,000,000 Trunk Sewer Improvement No. 2 Bonds of the
Village, to be dated February 1, 1956, at a price of par and accrued
interest, the bonds maturing in the years set forth below to bear interest
at the respective rates per annum set apposite such maturity yearst
$375,000
Lateral Sewer Bonds
$1,000 000 Trunk Sewer Bonds
Maturity Years Interest Rates
Maturity Years
Interest Rates
1958
3.70 %
1958
3.70%
1959
1959
1960
1960
1961
1961
"
1962
1962
1963
1963
"
1964
1964
�
1965
1965
1966
1966
1967
1967
1968
1968
"
1969
ft
1969
1970
3.60%
1970
3.60%
1971
"
1971
1972
1972
1973
1973
1971
"
1974
1975
1975ti
1976
1976
Plus 2.10% per annum to be expressed by an extra. coupon., on all bonds for
the period June 1, 1956 to February 1, 1957 to consist of one coupon df
$14.00 each, payable on February 1, 1957, per bond.
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 blest bid
received pursuant to advertised notice of sale of said bonds and is hereby
accepted. The Mayor and Clerk are hereby authorized and directed to endorse
acceptance of said bid in behalf of the Village on the bid submitted by
said successful bidders, and to return to them one copy of their bid. The
Village Clerk is directed to retain the good faith check of said successful
bidders, and to return all other good faith checks forthwith.
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ATTES s
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1
I.
Resolution leo. 151 (Continued)
April -12, 1956
The motion for the adoption of the foregoing resolution was duly seconded
by Member Rahn and upon vote being taken thereon, the following voted in
favor thereof: Bies, Nadasdy, Rahn, Stark, and Teresi; and the following
voted against the samet bone; whereupon said resolution was declared duly
passed and adopted, signed by the Mayor and his signature attested by the
Clerk.
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