#142 05-15-62 Issue Water Improvement Bonds A & BL
Resolution No. 142
May 15, 1962
Member Flannagan then introduced the following resolution and MOVED its
adoption:
RESOLUTION AMENDING
"RESOLUTION AUTHORIZING ISSUANCE AND PROVIDING
FOR THE FORM AND DETAILS OF $2,600,040 WATER
IMPROVEMENT BONDS OF 1062, SERIES A AND B, AND
LEVYING AD VALOREM TAXES AND APPROPRIATING
SPECIAL ASSESSMENTS FOR THE PAYMENT THEREOF",
ADOPTED MAY 10, 1962
BE IT RESOLVED by the Council of the Village of Golden Valley,
Minnesota, as follows:
That certain resolution adopted by the Village Council May 10, 1962,
entitled "Resolution Authorizing Issuance and Providing for the Form and
Details of $2,600,000 Water Improvement Bonds of 1962, Series A and B,
and Levying Ad Valorem Taxes and Appropriating special Assessments for
the Payment Thereof" is hereby amended by striking the entire text thereof
and substituting in lieu thereof the following language:
1. This Council has investigated the facts necessary to ascertain,
and does hereby find, determine and declare that the Village of Golden
Valley has duly determined, after public hearing as required by law, the
necessity of the construction of each of the improvements described below
and the area proposed to be assessed therefor, tnd has ordered, received
and approved plans and specifications and entered into contracts therefou
after due advertiesement for bids; that the total benefits resulting from
each of said improvements to the lots and tracts of land subject to assess-
ment therefor and to the Village at large will be not less than the total
cost of such improvement; that the total cost of each of said improvements,
including all expenses incurred and to be incurred from its inception to
its completion and all fees and expenses in connection therewith, is es-
timated to be not less than the amount set opposite the designation of
such improvement in the following tabulation:
Date Date Con- Estimated
Name of Improvement Imp. Ordered tract Awarded Cost
Project No. 62 W.M.T* February 13, 1962 February 13, 1962 $2,200,000
and March 6, 1962 and March 20, 1962
Lateral Water Main
Improvement No. 62 AM. February 13, 1962 February 13, 1962 $400,000
Nos. 4. 6, 7, 8, 10,
13, 16, 18, 19, 22,
23, 32, 33, 35, 37
& 39
that it is necessary and expedient for the Village to borrow at this time
the sum of $2,200,000, for the purpose of paying all of the expenses in-
curred and to be incurred in connection with the above-mentioned improve-
3 1- 3
14
Resolution No. 1142 (Continued) May 15, 1962
ments, by the issuance of general obligation improvement bonds in accord-
ance with the provisions of Minnesota Statutes 1957, Section 1429.091; that
such bonds have heretofore been duly sold to PIPER JAFFRAY AND HORIGOD:
JURAN : MOGDY, INC. ,OF MINNEAPOL MI OTA,
.�
and associates, and shall forthwith be issued and delivered o said pur-
chaser; that the "00,00 bonds of Series B hereinafter authorized shall
be payable from the Improvement Bond Redemption Fumd created by Current
Ordinance No. 28 of the Village, adopted on January 21, 1958, which ordinance
is by reference incorporated herein and made a part hereof, while the
$2,200,000 bonds of Series .A. hereinafter authorized shall be payable from
a separate sinking fund hereinafter created; and that all acts, conditions
and things required by the Constitution and laws of the State of Minnesota
to be done, to exist, to happen and to be performed preliminary to the
issuance and sale of said bonds have been done, do exist, have happend and
have been performed in due form, time and manner as so required.
2. A separate fund is hereby created and shall be maintained for
said Lateral Water Main Improvement No. 62, to be known and designated
as the "Lateral Water Main Improvement No. 62 Fund." The proceeds of
sale of the Series A improvement bonds herein authorized shall be credited
the proceeds of sale of additional improvement bonds which may hereafter
be authorized for the purpose of paying the expenses of maki4g said im-
provement, and such available moneys of the Village which may hereafter
be appropriated thereto by the Council all as may be directed by further
resolutions of the Council.
3. There is hereby also created a special fund to be designated as
the "Project No. 62 W.M.T. Improvement Fund," to be held and administered
by the Village Treasurer separate and apart from all other funds of the
Village. Said fund shall be continued and maintained in the manner here-
in specified until the bonds of Series A hereinafter authorized, and in-
terest thereon, have been fully paid. The proceeds of sale of Series A
bonds and the collections of special assessments and general ad valorem
taxes levied for said Project No. 62 W.M.T. Improvement, and any other
moneys appropriated to said fund by the Village Council, shall be credited
and paid to said fund, and shall be used solely to defray the expenses
of making said improvement and to pay principal of and interest on said
Series A bonds; provided, however, that if additional bonds are issued to
finance said improvement, the proceeds of their sale shall be credited
and paid to said fund, and the moneys therein shall also be used to pay
principal of and interest on such additional bonds. Upon completion and
payment of all costs of making said improvement, said fund shall not be
discontinued, but thereafter maintained as a special sinking fund for the
payment of said aeries A bonds, in accordance with Minnesota Statutes,
Section 1475.61, as amended.
14. It is hereby determined that not less than $700,000 of the cost
of Project No. 62 W.M.T. and $1400,000 of the cost of Lateral Water Main
No. 62 Improvement shall be paid by the levy of special assessments upon
all assessalbe lots and tracts of land lying within the assessable areas
heretofore specified in the respective resolutions ordering said improve-
ments, based upon the special benefits received by each such lot and tract.
15 -
Resolution No. 142 (Continued) May 15, 1962
The Village hereby covenants and agrees that it will do and perform, as
soon as may be, all acts and things necessary for the final and valid
levy of said special assessments. In the event that any such assessment
be at any time held invalid with respect to any lot or tract of land, due
to any error, defect or irregularity in any action or proceeding taken
or to be taken by the Village or by this Council or by any of the Villages
officers or employees, either in the making of such assessment or in the
performance of any condition precedent thereto, the Village hereby convenants
and agrees that it will forthwith do all such further acts and tkke all
such further proceedings as shall be required by law to make such assess-
ment a valid and binding lien upon said property. Said assessments shall
be payable in 20 equal, consecutive, annual installments; and the first
installment of all said assessments shall be certified to the County Auditor
for collection with general taxes for the year 1962, and the remaining
installments of said assessments shall be certified for collection with
the general taxes for each subsequent consecutive year until the assess-
ment is paid. To the first installment shall be added interest at the rate
of 6% per annum on the entire assessment from the date of the resolution
levying the assessment until December 31 of the year in which the first
installment is payable. To each subsequent installment shall be added in-
terest at 6% per annum for one year on all unpaid installments.
5. The full faith and credit of the Village shall be and is hereby
pledged to the prompt and full payment of said bonds and the interest
thereon. Each and all of the provisions of said Ordinance No. 28 of the
Village and of this resolution shall constitute convenants for the security
of the holders from time to time of said Series B bonds. It is estimated
that the collections of said special assessments agreed to be levied in
paragraph 3 above for Lateral Water Main No. 62 Improvement will produce
sums not less than 5% in excess of the amounts needed to pay principal and
interest of the bonds of Series B when due, in accordance with the pro-
visions of Minnesota Statutes, Section 475.61.
6. It is hereby determined that the remainder of the cost of said
Project No. 62 W.M.T., not paid by collections of said special assessments,
shall be paid from general ad valorem taxes levied on all of the taxable
property in the Village, and that said portion of the cost will not exceed
the total benefits to be conferred by said improvement upon the Village
at large. To provide moneys for the payment of such portion of the cost,
there is hereby levied upon all of the taxable pr6perty in the Village a
direct, annual, ad valorem tax, which shall be spread upon the tax rolls
for the years and in the amounts stated below, said levies to be collected
together with and as a part of other general property taxes in the re-
spective ensuing years:
Year
Amount
Year
Amount
1962
$151,100
1973
$93.800
1963
107,000
1974
92,000
1964
116,100
1975
100,700
316
Resolution No.
142 (Continued)
purpose of paying
May 15, 1962
Year
Amount
Year
Amount
1965
$1142300
1976
3 98,500
1966
128000
1977
96000
1967
126,000
1978
96,000
1968
1232700
1979
91,800
1969
100,400
1980
89,500
1970
99,800
1981
87,200
1971
97,200
1982
1191900
1972
95,500
.-
as follows:
Said taxes shall be irrepealable as long as any of said bonds of Series
A are outstanding and unpaid; provided, that the Village reserves the
right and power to reduce said levies by the amount of any moneys irrev-
ocably appropriated to and actually paid into the Project No. 62 W.M.T.
Improvement Fund, other than the taxes and assessments herein pledged to
said fund, in accordance with the provisions of Mnnesota Statutes, Section
475.61, as amended.
7.
For the
purpose of paying
costs of said
improvements and in anti-
cipation
of the
collection of said special assessments and taxes,
the
Village
shall forthwith issue its
negotiable coupon general
obligation
Water Improvement Bonds of 1962, Series A and B,
in the principal amount
of $2,200,000.
Said bonds shall be dated as of May 1, 1962,
each in the
denomination of
$1,000. The bonds
of Series A shall be 2,200 in number,
numbered
serially from 1 to 2,200,
and the bonds
of Series B
shall be 400
in number, numbered serially from
1 to 400. The
bonds of each series shall
mature in order
of serial numbers,
on February 1,
in the years and amounts
set forth below,
the bonds of the
various maturities to bear
interest at
the rate
per annum set forth opposite such respective maturities,
as follows:
Series A
Series B
Year
Amount ��n erest Rate
Year
Amount
Interest Rate
1964
$55,000
3.50%
1964
$25,000
3.50%
1965
95,000
3.50%
1965
25,000
3.50%
1966
105,000
3.59%
1966
25,000
3.50%
1967
1055000
3.50%
1967
25,000
3.50%
1968
120,000
3.50%
1968
25,000
3,5o%
1969
120,000
3.50%
1969
20,000
3.50%
1970
120,000
3.50%
1970
15,000
3.50%
1971
100,000
3.50%
1971
20,000
3.50%
1972
100,000
3.50%
1972
15,000
3.50%
1973
100,000
3.6o%
1973
20,000
3.60%
1974
100,000
3.70%
1974
15,000
3.70%
1975
100,000
3.70%
1975
20,000
3.70%
1976
loo;000
3.70%
1976
15,000
3.70%
1977
110,000
3.70%
1977
20,000
3.70%
1978
110,000
3.75%
1978
15,000
3.75%
1979
110,000
3.75%
1979
20,000
x.75%
5
Resolution No. 142 (Continued) May 15, 1962
Series A Series B
Year Amount Interest Rate Year Amount Interest Rate
1980 $110,000 3.80% 1980 $20,000 3.80%
1981 110,000 3.80% 1981 20,000 3.80%
1982 110,000 3.80; 1982 20,000 3.80%,,
1983 110,000 3.80% 1983 20,000 3.80%
1984 110,000 3:80%
In addition all bonds shall bear interest at the rate of 2% per annum from
Augustl, 1962, to February 1, 1963, such additional interest to be repre-
sented by a separate set bf "B" coupons appurtenant to each bond. All in-
terest shall be payable on February 1, 1963, and semiannually thereter
on each August 1 and each February 1. Bonds of each series maturing in
the years 1964 through 1978 shall be payable on their respective stated
maturity dates, without option of prior payment. Bonds of each series
which have stated maturity dates in 1979 and later years shall each be
subject to redemption and prepayment in inverse order of serial numbers,
at the option of the Village, on February 1, 1975, and any interest pay-
ment date thereafter, at par and accrued interest plus a premium of $20
for each bond redeemed prior to February 1, 1979, or no premium for any
bond redeemed on or after said date. All such redemptions shall be made
on notice of call mailed not less than thirty days prior to the date spec-
ified for redemption to the holder, if known, and to the bank at which
principal and interest on said bonds are then payable. The Village Clerk
and his successors in office are hereby authorized and directed to main-
tain a register .for the purpose of recording the names and addresses of
holders of redeemable bonds, and the serial numbers of bonds held by them,
insofar as such information is made available to said Clerk and his
successors in office. The principal of and interest on said bonds shall
be payable at the main office of the Northwestern National Bank of Minn-
eapolis, in Minneapolis, Pl.nnesota, or, at the option of the holder, at
the Chemical Bank New York Trust Company, in the Borough of Manhattan, and
City and State of New York, and the Village hereby agrees to pay the
reasonable customary charges of said paying agent for the receipt and
disbursement thereof.
8. Said improvement bonds and the coupons attached thereto shall be
in substantially the following form:
UNITED STATES OF AMMICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF GOLDEN VALLEY
WATER IMPROVEMENT BOND OF 162, SERIES A
No.
-----4�-- - $1"000
Resolution No. 1L2 (Continued) May 15, 1962
KNOW ALL MEN BY THESE PRESENTS that the Village of Golden Valley, a
duly organized and existing municipal corporation of the County of Hennepin,
State of Minnesota, acknowledges itself to be indebted and for value re-
ceived promises to pay to bearer the sum of ONE THOUSAND DOLLARS on the
1st day of February, 19 , or, if this bond is redeemable as stated be-
low, on a date prior thereto on which it shall have been duly called for
redemption, and to pay interest thereon from the date hereof until said
principal sum be paid, or until this bond, if redeemable, has been duly
called for redemption, at the rate of
per cent () per annugi, plus additions interest from ,
19 , to _ ' , 19 , at the rate of
per cent (=) per annum, all i erest ezng pays e e rusty
1- i9b3,na d semiannually thereafter on August 1 and February 1 of each
year, interest to maturity being represented by and payable in accordance
with and upon presentation and surrender of the interest coupons appurtenant
hereto, the additional interest hereinbefore mentioned being represented
by a separate set of "B" coupons. Both principal and interest are payable;
at the main office of—
in , , in any coin or currency of the United
States o America wrlich on the respective dates of payment is legal tender
for public and private debts. For the prompt and full payment of such
principal and interest as the same respectively become due the full faith,
credit and taxing powers of the Village are hereby irrevocably pledged.
This bond is one of a series in the aggregate principal amount of
J'2,200,000, all of like date and tenor except as to serial number, maturity,
redemption privilege and interest rate, all issued for the purpose of defray-
ing expenses incurred and to be incurred in constructing a waterworks im-
provement in said Village designated as Project No. 62 W.M.T., and is is-
sued pursuant to and in full conformity with the Constitution and laws of
the State of YfLnnesota thereunto enabling, and pursuant to resolutions duly
adopted by the Village Council. This bond is payable primarily from the
Project No. 62 W.M.T. Improvement Fund of the Village, to which fund the
Council has appropriated general ad valorem taxes levied by the Village,
and special assessments tihich the Village has covenanted and agreed to
levy, for the payment of the cost of said improvement, but the Village
Council is required to pay the same out of any fund of the Village in the
event that the taxes and assessments collected are at any time insufficient
to meet the payment of maturing principal and interest.
Bonds of this series bearing serial numbers 1 through 1540 are payable
on their respective stated maturity dates, without option of prior payment.
Bonds of this series bearing serial numbers 1541 through 2200, maturing
in 1979 and later years, are each subject to redemption and prepayment,
at the option of the Village, in inverse order of serial numbers, on Feb-
ruary 1, 1975, and any subsequent interest payment date, at par and ac-
crued interest plus a premium of $20 for each bond redeemed prior to
February 11 1979, or no premium for any bond redeemed on or after said
date. All redemptions .dll be made on notice of call for redemption mail-
ed not less than 30 days prior to the date specified for redemption to the
1
Resolution No. 142 (Continued)
May 15, 1962
holder, if known, and to the bank at which principal and interest are
then payable. Any holder of redeemable bonds desiring to receive such
notice must register his name and address and the serial numbers of
redeemable bonds held by him in the office of the Village Clerk.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all
acts, conditions and things required by the Constitution and laws of
the State of Minnesota to be done, to exist, to happen and to be per-
formed preliminary to and in the issuance of this bond in order to make
it a valid and binding general. obligation of said Village according to
its terms have been done, do exist, have happened and have been performed
as so required; that the estimated collections of said special assessments
and general ad valorem taxes will be in the years and amounts sufficient
to produce sums not less than five per cent (51%) in excess of the amounts
required for payment when due of the principal and interest on all bonds
of this issue; that additional taxes, if needed for the payment of such
principal and interest, may be levied upon all taxable property in the
Village without limitation as to rate or amount; and that the issuance
of this bond did not cause the indebtedness of said Village to exceed any
constitutional or statutory limitation.
IPJ WITNESS 1H REOF the Village of Golden Valley, Hennepin County,
Minnesota, by its Village Council, has caused this bond to be executed
in its behalf by the facsimile signature of its Mayor and the manual
signature of its Village Manager, and sealed with its official seal, and
the interest coupons appurtenant hereto and the certificate on the re-
verse side hereof to be executed and authenticated by the facsimile sig-
natures of said officers, and has caused this bond to be dated as of May
1, 1962.
(facsimile signature)
Mayor
Vit age Manager
(Form of certificate to be printed on the back of
each bond following legal opinion)
We certify that the above is a full, true and correct copy of the
legal opinion rendered by bond counsel on the issue of bonds of the
Village of Golden Valley, Minnesota, which includes the within bond, dated
as of the date of delivery of and payment for the bonds.
(Facsimile signature)
Village Manager
(facsimile signature)
Mayor
3 1.9
6i
Resolution No. 142 (Continued) May 15, 1962
(Form of Coupon)
No.
On the 1st day of August (February), 19 , the Village of Golden
Valley, Hennepin County, Minnesota, will pay to bearer at the main office
of
in _ , � ,, a sum of
DOLLARS lawfuT money oft1ld United
Rates ol America for in eyes Men 7ue on its Water Improvement Bond of
1962, Series A, dated May 1, 1962, No.
(Facsimile signature)
Village Manager
(Facsimile signature)
Mayor
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF HENNEPIN
VILLAGE OF GOLDEN VALLEY
WATER IMPROVEMENT BON OF 1962, SERIES B
No. $1,000
KNOW ALL MEN BY THESE PRESENTS that the Village of Golden Valley,
a duly organized and existing municipal corporation of the County of
Hennepin, State of Minnesota, acknowledges itself to be indebted and
for value received promises to pay to bearer the sum of ONE THOUSAND
DOLLARS on the 1st day of February, 19 , or, if this bond is redeem-
able as stated below, on a date prior1Mereto on which it shall have
been duly called for redemption, and to pay interest thereon from the
date hereof until said principal sum be paid or until this bond, if
redeemable, has been duly called for redemption, at the rate of
per cent (i %) per annum, plus additio
in erest from _ , 19 to , 19 r, at the
rate of per cent
( per annum, a in erest being pays e February , 1963, and
sena annually thereafter on August 1 and February 1 of each year, in-
terest to maturity being represented by and payable in accordance with
and upon presentation and surrender of the interest coupons appurtenant
hereto, the additional interest hereinbefore mentinned being represented
by a separate set of "B" coupons. Both principal and interest are pay-
able at the main office of'
in .9 � , in any coin or currency o e
Unites -S ates o�merica which on the respective dates of payment is
legal tender for public and private debts. For the prompt and full payment
321
Resolution No. 142 (Continued) May 15, 1962
of such principal and interest as the same respectively become due the
full faith, credit and taxing powers of the Village are hereby irrevoc-
ably pledged.
This bond is one of a series in the aggregate principal amount of
$400,000, all of like date and tenor except as to serial number, maturity,
redemption privilege and interest rate, all issued for the purpose of
defraying expenses incurred and to be incurred in constructing a water
lateral improvement in said Village, designated as Lateral Water Main No.
62 Improvement, and is issued pursuant to and in full conformity with the
Constitution and laws of the State of Minnesota thereunto enabling, and
pursuant to resolutions duly adopted by the Village Council. This bond
is payable primarily from the Improvement Bond Redemption Fund of The
Village, to which fund the Council has appropriated special assessments
which the Village has covenanted and agreed to levy for the payment of the
cost of said improvement, but the Village Council is required to pay the
same out of any fund of the Village in the event that the assessments
collected are at any time insufficient to meet the payment of maturing
principal and interest.
Bonds of this series bearing serial numbers 1 through 300 are pay-
able on their respective stated maturity dates, without option of prior
payment. Bonds of this series bearing serial numbers 301 through 400,
maturing in 1979 and 'later years are each subject to redemption and
prepayment, at the option of the Village, in inverse order of serial
numbers, on February 1, 1975, and any subsequent interest payment date,
at par and accrued interest plus a premium of $20 for each bond redeemed
prior to February 1, 1979, or no premium for any bond redeemed on or
after said date. All redemptions will be made on notice of call for re-
demption mailed not less than 30 days prior to the date specified for re-
demption to the holder, if known, and to the bank at which principal and
interest are then payable. Any holder of redeemable bonds desiring to
receive such notice must register his name and address and the serial
numbers of redeemable bonds held by him in the office of the Village Clerk.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all acts,
conditions and things required by the Constitution and laws of the State
of Minnesota to be done, to exist, to happen and to be performed preliminary
to and in the issuance of this bond in order to make it a valid and binding
general obligation of said Village according to its terms have been done,
do exist, have happened and have been performed as so required; that the
estimated collections of said special assessments will be in the years and
amounts sufficient to produce sums not less than five per cent (5%) in
excess of the amounts required for payment when due of the principal and
interest on all bonds of this issue; that general ad valorem taxes, if
needed for the payment of such principal and interest, may be levied upon
all taxable property in the Village without limitation as to rate or a-
mount; and that the issuance of this bond did not cause the indebtedness
of said Village to exceed any constitutional or statutory limitation.
Resolution No. 142 (Continued)
May 15, 1962
IN WITNESS WHEREOF the Village of Golden Valley, Hennepin County,
Minnesota, by its Village Council, has caused this bond to be executed
in its behalf by the signatures of its Mayor and Village Manager, and
sealed with its official seal, and the interest coupons appurtenant here-
to and the certificate on the reverse side hereof to be executed and
authenticated by the facsimile signatures of said officers, and has caused
this bond to be dated as of May 1, 1962.
Mayor
Vi age Manager
(Form of certificate to be printed on the back of each
bond following legal opinion)
We certify that the above is a full, true and correct copy of the
legal opinion rendered by bond counsel on the issue of bonds of the Village
of Golden Valley,Minnesota, which includes the within bond, dated as of
the date of delivery of and payment for the bonds.
(Facsimile signature)
Village Manager
(Form of Coupon)
No.
(Facsimile signature)
Mayor
On the lst day of August (February), 19 , the Village of Golden
Valley, Hennepin County, Minnesota, will pay to bearer at the main office
of
in
the sum of
DOLLARS lawfu money o e Unite a es
of America for interest then due on its Water Improvement Bond of 1962,
Series B, dated May 1, 1962, No.
(Facsimile signature)
Mayor
(Facsimile signature)
Village Manager
(Coupons numbered 26 and up attached to bonds numbered 1541
and up of Series A and to bonds numbered 301 and up of
Series B shall state: "Unless the bond described below is
called for earlier redemption")
11
1
Resolution No. 112 (Continued) May 15, 1962
9. Said bonds shall be forthwith prepared for execution under the
direction of the Village Manager and shall then be executed by the signa-
tures of the Mayor and Village Manager and sealed Urith the corporate seal
of the Village. The appurtenant interest coupons shall be executed and
authenticated by the printed, lithographed or engraved facsimile signa-
tures of said Mayor and Village Manager, and the certificate as to legal
opinion on the back of each bond shall be executed by the printed, litho-
graphed or engraved facsimile signatures of the Mayor and Village Manager.
When so executed, the bonds shall be delivered by the Treasurer to the
purchaser thereof, upon.payment of the purchase price heretofore agreed
upon, and said purchaser shall not be obligated to see to the application
of the purchase price.
10. The Village Clerk is hereby authorized and directed to transmit
a certified copy of this resolution to the County Auditor of Hennepin
County for certification that the bonds herein authorized have been duly
registered, and that the tax required by law for the payment thereof has
been duly levied, as required by Minnesota Statutes, Sections 475.61 through
475.6:3.
11. The officers of the Village and the County Auditor of Hennepin
County are hereby authorized and directed to prepare and furnish to the
purchaser of said bonds, and to the attorneys approving the legality of
the issuance thereof, certified copies of all proceedings relating to
said bonds and to the financial affairs of the Village, and such other
affidavits, certificates and information as may be required to show the
facts relating to the legality and marketability of said bonds as the same
appear from the books and records under their custody and control or as
otherwise knbvn to them; and all such certified copies, certificates and
affidavits, including any heretofore furnished, shall be deemed representa-
tions of the Village as to the facts recited therein.
P4ayor
Attest:
Village Clerk
The motion for adoption of the foregoing resolution was duly seconded by
Member Bies, andupon 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 and was
signed by the Myer and attested by the Village Clerk.
1
3c