#428 10-02-72 Call Outstanding Bonds320
Resolution No. 428
October 2, 1972
Member Ulstad introduced the following resolution and MOVED its adoption:
RESOLUTION TO CALL OUTSTANDING BONDS
WHEREAS it is hereby determined that in the resolutions cited below
providing for the form and issuance of various improvement bonds of the
Village of Golden Valley, the Village Council retained the right to exer-
cise an early call of certain bonds subject to availability of funds and
subject to certain provisions of the bond agreements,
AND WHEREAS it is hereby determined that in certain sinking funds there
exists available cash balances to make a call on bonds as provided,
NOW THEREFORE BE IT RESOLVED that the Village Council hereby orders
called for payment the following bonds on February 1, 1973;
1. Bonds numbered 761-1000 of Improvement Bonds
of August 1, 1956, at par in accordance with
Resolution #195 dated October 12, 1956.
2. Bonds numbered 771-905 of Improvement Bonds
of 1957 Second Series, bonds dated May 1, 1957,
at par in accordance with Resolution #34 dated
April 18, 1957. (Bonds numbered 906-1100 were
previously called February 1, 1964).
3. Bonds numbered 281-410 of Improvement Bonds of
1958, Third Series, bonds dated May 1, 1958,
at par, in accordance with Resolution #172
dated June 24, 1958.
BE IT FURTHER RESOLVED that the Village Clerk is hereby ordered to
notify the holders of said bonds and the paying agents therefore of this
action prior to December 31, 1972.
May6r 17
Attest:
Village Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
Member Hoover, and upon vote being taken thereon, the following members voted
in favor thereof: Hoover, Paulson, Riggs, Stockman, and Ulstad; 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.