#013 03-05-57 Award Improvement BondsR, -
Resolution No. 13.
March 5,1957.
Member Bies introduced the following resolution and moved its
adoption:
RESOLUTION AWARDING SALE OF
$775,000 Du'ROVEMENT BONDS OF 1957s FIRST SERIES
BE IT RESOLVED, by the Village Council of the Village of Golden
Valley, Minnesota, that the bid of John Nuveen and Associates
of Chicago, Illinois, to purchase $775,000 Improvement Bonds of
1957, First Series, to be dated February 1, 1957, at..a price of
par and accrued interest plus a premium of 00 , the bonds
maturing in the years set forth below to bears erect at the
respective rates per annum, set opposite such maturity years:
Maturity Years Interest Rate
1959 through 1963 3.25%
1964 " 1966 3.50%
1967 1971 3.75%
1972 " 1978 3.90%
and to be issued in accordance with the notice of call for bids
heretofore duly published, is hereby found and ded.ared to be
the highest and best 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 an oth r good aith'checks forthwith.
Mayor
ITheo ion for the adoption of the foregoing resolution was duly
seconded by Member Rahn, and upon vote being taken thereon, the follow-
ing voted in favor thereof: Bies, Nadasdy, Rahn, Stark, Teresi, and
the following voted against the same: None, whereupon said resolution
was declared duly passed and adopted, and was signed by the Mayor,
which was attested by the Clerk.
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