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, ' ., " OFFICIAL NOTICE OF SALE $1,000,000 General Obligation Improvement Bonds of 1984 City of New Brighton Ramsey County, Minnesota ' NOTICE IS HEREBY GIVEN that the undersigned will receive sealed bids for the above bonds until 2:00 o'clock p.m., Central Time, in the New Brighton City Hall on Monday, July 9, 1984, when the bids will be operted. The City Council of the City of New Brighton, Minnesota, will meet at the New Brighton City Hall at 5:00 o'clock p.m., Central Time, on the same day to consider the bids for award of sale of $1,000,000 fully registered, general obligation bonds of the City on the following terms: Purpose and Security The purpose of the bonds is to provide funds for the financing of various assessable public improvements in the Ci ty. The bonds will be general obligations of the City, for which its full faith and credit and taxing powers will be pledged. Date and Maturities The bonds will be dated August 1, 1984, will be issued in and exchangeable for denominations which are integral multiples of $5,000, and will mature on February 1 in the amount of $100,000 in each of the years 1986 to 1995, inclu- sive. Redemption Feature All bonds of this issue maturing after February 1, 1992, will be subject to prior redemption at the option of the City in inverse order of maturities and by $5,000 lots within each maturity on said date and any interest payment date thereafter at a price of par plus accrued interest to date of redemption. Interest Interest on the bonds will be payable on February 1, 1985, and semiannually thereafter on each February 1 and August 1. All bonds matur ing on the same date must bear interest from date of issue until paid at a single, uniform rate, not exceeding the rate specified for bonds of any subsequent maturity. Each rate must be an integral multiple of 5/100 or 1/8 of 1%, and no rate of interest nor the net - 3 -