#033 04-18-57 Award Improvemnt Bonds Second SeriesResolution No. 33
April 18, 1957
Member Bies introduced the following resolution and MOVED its adoption:
RESOLUTION AWARDING SALE OF $1,100,000 IMPROVEMENT BONDS OF
19579 SECOND SERIES
BE IT RESOLVED by the Council of the Village of Golden Valley, Minnesota,
that the highest and best bid for the purchase of $1,100,000 Improvement
Bonds of 1957, Second Series, of said Village, received pursuant to and
complying with the terms of the notice of sale heretofore duly published,
is that of Piper, Jaffray & Hopwood and Associates, of Minneapolis..
Minnesota, to purchase said bonds at a price of par and accrued interest
plus a premium of $ None, bonds maturing in the years set forth below to
bear interest at the respective rates set forth opposite such maturity
yearst
Maturity Years
Interest Rate
1960 thru 1967
3.80%
1968 thru 1972
4.00%
1973 thru 1979
4.10%
Plus additional interest of
1.80% per annum for the period
6/1/57 to 8/1/58
BE IT FURTHER RESOLVED that said bid shall be and is hereby accepted, and
the Mayor and Clerk are authorized and directed to endorse such acceptance
upon a copy thereof and return the same to said badder; and that the check
furnished by the successful bidder shall be retained pending delivery of
the bonds and payment of the purchase price, and the Clerk shall forthwith
return the checks of other bidders.
A
Mayor
The motion for the acbption of the foregoing resolution was duly seconded
by Member Stark, and upon vote being taken thereon, the following voted in
favor thereoft Bies, Nadasdy, and Stark
and the following voted aginst the same: None
whereupon said resolution was declared duly passed and adopted, and signed
by the Mayor, and his signature attested by the Clerk.
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