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<br /> ~ ~ <br /> - '" <br /> ~ " <br /> .' " <br /> ReS OLUTION 201 <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 Pcegular <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 March, 1966 at 3:00 o'clock P.M. <br /> The following members were present: <br /> Anderson, .IlYlQcrsen, Hipp, Jeffeii's and Nabozney <br /> and the following were absent: None <br /> * * * * * * * * * <br /> Trustee Jeffers introduced the following <br /> resolution and moved its adoption: <br /> RESOLUTION TO ISSUE AND SELL $266,000 <br /> IMPROVEMENT BONDS OF 1966 <br /> BE IT RESOLVED by the Village Council of the Village of <br /> New Brighton, Minnesota, as follows: <br /> 1. The Village Council deems it necessary and expedient <br /> to issue and sell $266,000 general obligation negotiable coupon <br /> Improvement Bonds of 1966 to finance the unpaid costs and special <br /> assessments of projects 2, 4, 5, 6, 8 and 10 of Improvement No. <br /> 63-10, by refunding a like amount of Temporary Improvement Bonds <br /> of 1964, said bonds to be dated April 1, 1966, to bear interest <br /> payable October 1, 1966 and semiannually thereafter on April 1 <br /> and October 1 in each year at the rate or rates designated by the <br /> successful bidder, and to mature serially on April 1 in the years <br /> and amounts as follows: <br /> fill,OOO in 1967, <br /> ~;15, 000 in 1968 to 1972, and <br /> ~;20, 000 in 1973 to 1981, all years inclusive, <br /> all bonds maturing in the years 1979 to 1981, both inclusive, being <br /> subject to redemption at the option of the village and in inverse <br /> numerical order on April 1, 1978 and any interest payment date <br /> thereafter at par and accrued interest. Both principal and interest <br /> shall be payable at any suitable bank designated by the purchaser <br /> within 48 hours after the award of sale of the bonds, and except <br /> as $5,000 denominations are specified by the purchaser within such <br /> time, the bonds will be in the denomination of $1,000 each. <br /> 2. The Village Council shall meet at the Village Hall <br /> in said village on TueSday, the 29th day of March, 1966 at 7:30 <br /> o'clock P.M., C.S.T., for the purpose of receiving and considering <br />