#219 12-16-58 Award Sale Improvement Bonds Sixth Seriesj
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Resolution No. 219
December 16, 1958
Member Flannagan then introduced the following resolution and MOVED its
adoption:
"RESOLUTION AWARDING SALE OF
$1,000,000 IMPROVEMENT BONDS OF 1958,
SIXTH SERIES"
BE IT RESOLVED by the Council of the Village of Golden Valley, Minnesota,
that the highest and best bid for the purchase of $1,000,000 Improvement
Bonds of 1958, Sixth Series, of said Village, received pursuant to and com-
plying with the terms of the notice of sale heretofore duly published, is
that of Duran -Moody, Inc. of St. Paul, Minnesota to purchase said bonds
at a price of par and accrued interest plus a premium of PAR, bonds maturing
in the years set forth below to bear interest at the respective rates set
forth opposite such maturity years:
Maturity Years Interest Rate
1961/1969 3.50%
1970/1980 3.90
Plus additional interest of 9/10 of 1% per
annum from 2/1/59 to 2/1/60
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 accept-
ance upon a copy thereof and return the same to said bidder; 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.
mayor
Attests
VAItke Clerk and Administrator
The motion for the adoption of the foregoing resolution was duly seconded
by Member Teresi, and upon vote being taken thereon, the following voted in
favor thereof: Bies, Flannagan, Scherer, and 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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