#124 11-16-65 Award Sale Improvement Bonds100
Resolution No. 124
November 16, 1965
Member Flannagan introduced the following resolution and moved its
adoption:
RESOLUTION AWARDING SALE OF
IMPROVEMEW BONDS OF 1965
BE IT RESOLVED by the Village Council of the Village of Golden Valley,
Hennepin County, Minnesota, that the bid of American National Bank and Trust
Company, of St. Paul, for $190,000 Improvement Bonds of 1965 maturing in the
years shown below to bear interest at the respective rates per annum set
forth opposite such maturity years, as follows:
Years of Maturity Interest Rate
1967-1972 3.30%
1973-1976 3.50%
1977-1982 3.70'
1983-1986 3.800
Plus additional interest of 2.00%
per annum from 2/1/66 to 8/1/66.
principal and interest to be payable at the main office of American National
Bank and Trust Company, in St. Paul, Minnesota, 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.
Mayor
Attest:
Village Clerk
The motion for the adoption of the foregoing resolution was duly
seconded by Member Schaphorst, and upon vote being taken thereon, the
following voted in favor thereof: Flannagan, Garis, Nadasdy, Schaphorst, and
Teresi; and the following voted against the same: None, whereupon said
resolution was declared duly passed and adopted, and was signed by the
Mayor, which was attested by the Clerk.
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