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., . - ~ ( '- - o '+ No. 6'1) 1'\ e s c 1..(. I C' IV Extract of Minutes of Meeting of the Village Council of the Village of New Brighton, Ramsey County, Minnesota Pursuant to due call and notice thereof, a regular meeting of the Village Council of the Village of New Brighton, Minnesota, was duly held at the Village Hall in said village on Tuesday, the 25th day of March, 1969 at 8:00 o'clock P.M., C.S.T. The followinq members were present: .A N j.p Y 3 (J 1\), IV d .~) /(, JV1 De l\J ) <. S S' e y a ~ I') 0 l'Vl .n tv ~ f. and the following were absent: Ret.ele I rJ * * * * * * * * * Councilman Nesse./ introduced the following resolution and moved its adoption: RESOLUTION TO ISSUE AND SELL $l,200,000 TEMPORARY IMPROVEMENT BONDS AND $7l4,000 PARK BONDS BE IT RESOLVED by the Village Council of the Village of New Brighton, Minnesota, as follows: l. The Village Council deems it necessary and expedient to issue and sell $l,200,000 general obligation negotiable coupon Temporary Improvement Bonds of 1969 to finance the costs of the local improvements designated respectively as Improvement Nos. 69-3 through 69-8, 69-l0 through 69-l5, 69-l7 and 69-l9 through 69-23, inclusive, consisting of acquiring, opening and widening street right of way, grading, graveling and surfacing of streets and installation of curb and gutter, sanitary sewer, water main and storm sewers on various streets in the Village under Chapter 429, Minnesota Statutes, said bonds to be dated May l, 1969, to bear interest payable November l, 1969 and semiannually thereafter on May 1 and November 1 until maturity at the rate or rates desig- nated by the successful bidder I and to mature on May 1, 1972, all bonds being subject to redemption at the option of the village at any time on or after November l, 1971 at par and accrued interest. Both principal and interest shall be payable at any suitable bank designated by the purchaser within 48 hours after the award of sale of the bonds, and the bonds will be in such denominations as may be specified by the purchaser. , 2. The Village Council further deems it necessary and expedient to issue and sell $7l4,000 of general obligation negoti- able coupon Park Bonds of 1969 for the purposes authorized and pursuant to the authority of the election held April 4, 1967 and pursuant to the authority granted by Chapter 48l of the Laws