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<br /> 4 <T:t '. , A:. <br /> , -- <br /> 'l , <br /> RESOLUTION 65...55 <br /> Extract of Minutes of Meeting of the <br /> Village Council of the Village of New Brighton, <br /> Ramsey County, Minnesota <br /> Pursuant to due call and notice thereof, a regular <br /> meeting of the Village Council of the Village of New Brighton, <br /> Minnesota, was duly held at the Village Hall in said Village on <br /> Tuesday , the 8th day of June, 1965 at 8:00 o 'clockP..M. <br /> The following members were present: <br /> Andeesont Andersen, Haglund, Hipp and Jeffers <br /> and the following were absent: none <br /> * * * * * * * * * <br /> Trustee Jeffers introduced the following <br /> written resolution and moved its adoption: <br /> RESOLUTION FIXING THE FORM AND SPECIFICATIONS OF <br /> $875,000 IMPROVEMENT BONDS OF 1965, PROVIDING FOR <br /> THEIR EXECUTION AND DELIVERY AND CREATING FUNDS <br /> FOR THEIR PAYMENT <br /> BE IT RESOLVED by the Village Council of the Village of <br /> New Brighton, Minnesota, as follows: <br /> 1. All action heretofore taken in connection with the <br /> issuance and sale of $875,000 Improvement Bonds of 1965, is hereby <br /> ratified and confirmed, including the award of the sale thereof to <br /> First National Bank of Saint Paul and Cincotta, Inc. <br /> on its bid to purchase the bonds bearing interest as follows,; <br /> 1968 to 1971 maturities at the basic rate of 3.30 % per annum <br /> 1972 to 1974 maturities at the basic rate of 3.50 % per annum <br /> 1975 and 1976 maturities at the basic rate of 3.60% per annum, and <br /> 1971 to 1982 maturities at the basic rate of 3.70 % per annum, <br /> but all bonds bearing a higher rate of interest for the period <br /> November 7, 1965 to July 1t 1966, such higher rate being the aggregate <br /> of the basic rate plus 2.00 % per annum (represented by extra coupons <br /> in the amount of $13.00) <br /> at a price of par, accrued interest and a premium of $ none . <br />