Resolution 429 - Laserfiche WebLink

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. . , " r. ' ~' . of the approving opinion will be reproduced on the printed bonds. The bonds will be delivered to the purchaser within forty days from the date of sale at the office designated by the purchaser any place within the continental ULtted States at the expense of the Village, accompanied by unqualified approving legal opinions and customary final delivery papers, including certificates show- ing absence of litigation. All bids must be in writing enclosed in a sealed envelope, suitably marked as a bid for bonds, be unconditional except as to the above opinion, specify one or more rates of interest within the limitations prescribed below, and be delivered or mailed for delivery lnd received prior to the time of meeting, accompanied by a certified check, bank draft or cashier's check in the amount of at least $30,000, payable to the order of the Village, to be forfeited as liquidated damages in event the bid is accepted and the bidder fails to comply therewith. Bids shall be submitted for both issues; separate bids for the respective issues will not be considered, and the award of sale will be made on the basis of the lowest net interest cost (total interest from date of issue to stated maturities, less any premium offered) for the bonds of both issues in the aggregate. Split rate bids may be submitted but bids shall state one rate of interest from the date of issue to maturity for all bonds of either issue having a corrmon maturity date. Not more than five such rates may be specified, and the maturities may not be split more than five ways to designate such rates. Any bid may also provide that all or some of the bonds shall bear a single additional interest rate represented by extra coupons for any portion of the term of the bonds, but the aggregate amount of such additional interest of either issue may not exceed 1 1/2% of the principal amount of that issue. The basic rate for any maturity shall not be lower than the basic rate for any prior maturity. The basic rate and the additional rate for each bond must be in a multiple of one-fourth or one-tenth of l%,per annum and may not exceed 6% per annum. Bidders are asked but not required to state total and rate of average annual net interest cost. No oral auction bids will be received, and no bids for less than par and accrued interest will be considered. The right to waive any informality and to respect any and all bids are reserved. The motion for the adoption of the foregoing resolution was duly seconded by Trustee M/)~"; and upon vote being taken I ANJ~,.. SD N) It"rj; thereon the following voted in favor thereof: ::::5,ef?.et"'5) ,'''' D .e. IV d-N/ IV a f,. frL '" ~I ' and the following voted against the same: 1)1 () jll~ whereupon said resolution was declared duly passed and adopted.