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<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 l?-8j ;.c./av meeting
<br /> of the Village Council of the Village of New Brighton, Minnesota, was
<br /> duly held at th~ Village Hall in said village on-ru -&<iJa.; , the t{
<br /> day of A"',....sf, 1967 at f,' 00 o'clock P.M., C.D.S.T. IIi r (->I
<br /> The following members were present: AvJeysc tV)
<br /> 0" e {~.e l" $) N()~ tV <LHJ II a.t. ,,'2- tV ~}"
<br /> and the following were absent: tv' tJ IV~
<br /> * * * * * * * * *
<br /> Trustee S' e f f.e I- 5 introduced the following resolution
<br /> and moved its adoption:
<br /> RESOLUTION TO ISSUE AND SELL $500,000 PARK BONDS
<br /> AND $1,000,000 SEWAGE FACILITY BONDS
<br /> BE IT RESOLVED by the Village Council of the Village of
<br /> New Brighton, Minnesota, as follows:
<br /> l. The Village Council deems it necessary and expedient to
<br /> issue and sell $500,000 general obligation negotiable coupon Park Bonds
<br /> of 1967 to provide money for park acquisition and improvement in the
<br /> Village as authorized at the election held April 4, 1967, said
<br /> bonds to be dated October 1, 1967, to bear interest payable October 1,
<br /> 1968 and semiannually thereafter on April 1 and October 1 in each year
<br /> at the rate or rates designated by the successful bidder, and to
<br /> mature serially on April 1 in the years and amounts as follows:
<br /> $10,000 in 1970 to 1976,
<br /> $15,000 in 1977 to 1983,
<br /> $20,000 in 1984 to 1990,
<br /> $25,000 in 1991 to 1995, and
<br /> $30,000 in 1996 and 1997, all years inclusive,
<br /> all bonds maturing in the years 1982 to 1997, both inclusive, being
<br /> subject to redemption at the option of the Village and in inverse
<br /> numerical order on April 1, 1981 and any interest payment date
<br /> thereafter at par and accrued interest.
<br /> 2. The Village Council further deems it necessary and
<br /> expedient to issue and sell $1,000,000 general obligation negotiable
<br /> coupon Sewage Facility Bonds of 1967 pursuant to the provisions of
<br /> Section 444.075, Minnesota Statutes, to provide part of the funds
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