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<br />RESOLUTION NO. 540
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<br />ViI Council of the Village of New Brighton, r
<br />Ramsey Coun, ota -- ,
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<br />the Village council of the Village of New Btlghton,
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<br />'1innesota n <Y,as clu ly he 1d at Villaqe Pa 1] 1 n said village on
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<br />rtlesday, 9th day of April, 1968 a! 8:00 o'clock Pobt1.g C.S.T, --
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<br />The fol1owinq members ",yr', I ,..t6ll:,~j'nt
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<br />Anderson, Jeffers, Moen, Wesser
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<br />the fol o"v:tng '\"ere absent Romanski ;
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<br />Councilmar: Jeffers 1 nt roduced the following
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<br />resolution and moved iLS adopt :
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<br />RESOLUTION 1'0 ISSUE AND SELL $75;(1,000
<br />TEMPORAEY IHPHOVEJViEN'r BOND~j
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<br />BE I'f HESOLVED bv the VillaCTc Council of the villaae
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<br />New Brighton, Minnesota, as follows:
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<br />1. The Village Council deems it necessary and expedient
<br />to issue and sell $7501000 g~ncr:al obligation negotiable coupon
<br />Temporary Improvement Bonds of 1968 to finance the costs of the
<br />local improvements designated respectively as Improvement Nos.
<br />68-3 through 68-12, both inclusive, consisting of acquiring,
<br />opening and widening street right of way, grading, graveling and
<br />surfacing of streets and installation of curb and gutter, sanitary
<br />sewer, water main and storm sewers on various streets in the Village
<br />under Chapter 429, Minnesota statutes, said bonds to be dated
<br />,June 1, 1968, t,o bear interest payable December 1, 1968, June 1,
<br />1969, Decernber 1, 1969 and J'une If 1970 at the rate or rates
<br />designated by the successful bidder, and to mature on June 1, 1970,
<br />all bonds being subject to redemption at the option of the village
<br />at any t~ime on or after June I, 1969 C:l,tpar and accrued interest.
<br />Both principal and interest shall be payable at any suitable bank
<br />designated by the purchaser within 48 hours after the award of sale
<br />of the bonds f and t.he bonds vdll be in such denominatiom3 as may be
<br />specified by the purchaser.
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<br />2 The Village Council shall meet at the Village Hall
<br />, in said Village on Tuesday, 'the 23rd day of April, 1968 at 7: 00
<br />o'clock P.M., c.S.T., for the purpose of receiving and considering
<br />sealed bids for the purchase of sa bonds. The Village Clerk is
<br />authorized and directed to give notice of such meeting by publica-
<br />tion at least ten days in advance :in the official newspaper and in
<br />Commercial West F a financial paper published in the Ci t.y of
<br />Minneapolis. Said notice shall recite substantially the following:
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