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I' I ' A ' "'.' , tJ /C'L'y . RES.OLUT~ NO. 1048 Extract of Minutes of Meeting of the Village Council of the Village of New Brighton, Ramsey County,. Minnesota Pursuant to due call and notice thereofo 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, February 220 1972 at 7:00 o!clock P.Mq CoSoTo The following members were present: Mayor Gayle C. Bromander, Councilmen Eagon, Fisher, Moen Rebelein and the following were absent: None * * * * * * * * * Councilman Fisher introduced the following resolution and moved its adoption: RESOLUTION TO ISSUE AND SELL $900,000 PERMANENT IMPROVEMENT BONDS OF 1972 BE IT RESOLVED by the Village Council of the Village of New Brighton, Minnesota~ as follows: 1. The Village Council deems it necessary and expedient to issue and sell $900,000 general obligation negotiable coupon Permanent Improvement Bonds of 1972 to provide permanent financing for Village Improvements Noso 69~3 through 69~8o 69~10 through 69-15, 69-17, and 69~19 through 69-23~ both inclusive, of the Village and to refund the Temporary Improvement Bonds of 1969, dated. May. 10 1969, to the extent that special assessments on account of such improvements already col~ lected are not sufficient for such purposes, said bonds to be dated April 1, 19720 to bear interest payable January 1, 1973 and semiannually thereafter on January 1 and July 1 in each year at the rate or rates designated by the successful biddero and to mature serially on July 1 in the years and amounts as follows: $600000 in 1973 to 1987, both inclusive, all bonds maturing after July I, 1985 being subject to redemption at the option of the Village and in inverse numerical order on said date and any interest payment date thereafter at par, accrued interest and a premium of 1000% of the principal amount of bonds called for prior redemption. The Village Council hereby finds that each such Improvement