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<br /> . <br /> . <br />~ <br />~ <br />I Bids shall state a single rate of interest in an integral <br />multiple of 5/100 of 1% per annum Cind not exceeding 7% per annum <br />from the date of issue to maturity. The bid offe-'ng the lowest <br />net interest cost (total interest from date of issue to stated <br />maturity, less any premium offered) will be deemed the most favorable. <br />Bidders are asked but not required to state the total and average <br />annual net interest cost. Oral auction bids will not be received. <br />The right to waive any informality and the right to reject any and <br />all bids are reserved. <br /> BY ORDER OF THE CITY COUNCIL <br /> Isl <br /> City Clerk <br /> City of New Brighton <br />Further information may <br />be obtained from: <br />T. G. EVENSEN & ASSOCIATES, INC. <br />1910 First National Bank Building <br />Minneapolis, Minnesota 55402 <br />(612) 338-3535 <br />