#136 05-10-62 Award Water Improvement Bonds Series A, B1
1
Resolution No. 136
May 10, 1962
Member Flannagan then introduced the following resolution and MOVED its
adoption:
RESOLUTION AWARDING SALE OF
$2,600,00 WATER IMPROVEMENT BONDS OF 1962,
SERIFS A AND B
BE IT RESOLVED by the Council of the Village of Golden Valley,
Minnesota, that the highest and best bid for the purchase of $2,600,00
Water Improvement Bonds of 1962, Series A and B, of said Village, Receiv-
ed pursuant to and complying with the terms of the notice of sale hereto-
fore duly published, is that of PIPES JAFFRAY & HOPWOOD• JURAN & MOODY INC.
bf MINNEAPOLIS, MINNESOTA, to Fu—rchase said bonds at a price of par
and accrued interest plus 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
1964/1972
1973
197./1977
1978/1970
1980/1981
Plus additional interest
of 2.00 per annum from
8/1/62 to 2/1/63
Interest Rate
BE IT FURTHER RESOLVED that said bid be and
and the Mayor and Clerk are authorized and directed
ceptance upon a copy thereof and return the same to
the check furnished by the successful bidder shall b
delivery of the bonds and payment of the purchase pr
shall forthwith return the checks of other
Attest-
Village
ttest:Vi lage Clerk
3.50%
3.60%
3.70%
3.75%
3.80%
is hereby accepted,
to endorse such ac -
said bidder; and that
e retained pending
ice, and the Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by Member Scherer, and upon vote being taken thereon, the following
voted in favor thereof: Flannagan, Nadasdy, Scherer;
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 Village Clerk. See Resolutions Book page .