#173 11-01-60 Issue Municipal State Aid Street Bonds26
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Resolution No. 173 November 1, 1960
Member Teresi then introduced the following resolution and MOVED its adoption:
RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE
OF $150,000 MUNICIPAL STATE -AID
STREET 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, $150,000 Municipal
State -Aid Street Bonds of 1960 of the Village to be issued under Minnesota Laws
of 1959, Chapter 500, for the purpose of providing money for locating, relocating,
constructing, reconstructing and improving municipal state -aid streets in the
Village. The Village Clerk and fiscal agents are hereby authorized and directed
to cause notice of the sale of said bonds to be published in the Commercial West
and in the official newspaper of the Village not less than 10 days prior to the
date of sale of said bonds. The sale of said bonds shall be advertised together
with the sale of the $679,000 Improvement Bonds of 1960 of the Village hereto-
fore ordered, and sale shall be awarded for all or none of both issues. Said
bonds shall be dated December 1, 1960, and shall mature serially on December 1
in the amount of $10,000 in each of the years 1961 through 1975, those bonds
maturing in the years 1971 through 1975 being subject to redemption at the
option of the Village, in inverse order of serial numbers, on December 1, 1970,
and any interest payment date thereafter, at par and accrued interest.
Interest on said bonds shall be payable on June 1, 1961, and semiannually
thereafter on each December 1 and June 1.
Mayor
Attest:
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Village Manager and Clerk—
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The motion for the adoption of the foregoing resolution was duly seconded by
Member Flannagan, 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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