#172 11-01-60 Issue Sale Improvement BondsC
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Resolution No. 172
November 1, 1960
Member Flannagan introduced the following resolution and MOVED its adoption:
RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE
OF $679,000 IMPROVEMENT BONDS OF 1960
BE IT RESOLVED by the Village Council of the Village of Golden Valley,
Minnesota, that the Village Council shall meet at the Civic Center in the
Village on November 28, 1960,at 7:00 o*clock P. M., for the purpose of opening
and considering sealed bids for, and awarding the sale of, $679,000 general
obligation Improvement Bonds of 1960 of the Village to be issued under Minnesota
Statutes, Chapter 429, for the purpose of financing the cost of constructing
various local improvements. The Village Clerk and fiscal agents are hereby
authorized and directed to cause notice of the sale of said bonds to be pub-
lished in the Commercial West and in other publications as they see fit. Said
bonds shall be dated November 1, 1960, and shall mature serially on February 1
in the amount of $64,000 in 1963, $65,000 in each of the years 1964 and 1965,
$60,000 in each of the years 1966 and 1967, $50,000 in each of the years 1968
and 1969, $55,000 in each of the years 1970 through 1972, and $10,000 in each
of the years 1973 through 1982, those bonds maturing in 1973 through 1982 to be
each subject to redemption at the option of the Village, in inverse order of
serial numbers, on February 1, 1972, and any interest payment date thereafter,
at par and accrued interest. Interest on said bonds shall. be payable on
August 1, 1961, and semiannually thereafter on each February 1 and August 1.
' Mayor
Attest:
Vi .l;At"e Manager and Clerk
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 was signed and attested
by the Mayor and Clerk.
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