#018 04-21-59 Award Sale Park Bonds1—
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Resolution No. 18 April 21, 1959
Member Flannagan introduced the following resolution and MOVED
its adoption:
"RESOLUTION AWARDING SALE OF $247,000 VILLAGE HALL AND PARK BONDS"
BE IT RESOLVED by the Village Council of the Village of Golden
Valley, Hennepin County, Minnesota, that the bid of Mannheimer -Egan,
Inc., to purchase $247,000 Village Hall and Park Bonds of the Village,
to be dated February 1, 1959, at a price of$104,912.00, bonds of said
issue maturing in the years stated below to bear interest at the
respective rates per annum set opposite such maturity years:
Maturity Years Interest Rate
1962 to 1969 3.50
1970 to 1972 3.80
1973 to 1975 3.90
1976 to 1979 4.00
principal and interest to be payable at the main office of American
National Bank of St. Paul, in St. Paul, Minnesota, and to be issued
in accordance with the notice of bond sale heretofore duly published,
is hereby found and declared to be the highest and best bid received
pursuant 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.
Attest:
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/Ivpage Cleft & Administrator
The motion for the adoption of the foregoing resolution was duly
seconded by Member Bies, and upon vote being taken thereon, the
following voted in favor thereof: Bies, Flannagan, Nadasdy,
Scherer, and Teresi; 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.