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<br />After consideration of the foregoing bids, member ~ <br />introduced the fOllowing resolution and moved its adoption: <br /> <br />A RESOLUTION AWARDING SALE OF $2134000 GENERAL OBLIGATION <br />REFUNDING IMPROVEMENT BONDS OF 196 , DETERMINING THE FORM <br />AND DETAILS THEREOF, AND CREATING A SINKING FUND THEREFOR, <br />ETC. . . <br /> <br />BE IT RESOLVED by the Council of the Village of Elk River, <br />as follows: <br /> <br />1. That the bid of - ...... lat...} ... of It. Pea" <br />to purchase $213,000 General Obligation Refunding Improvement Bonds <br />of 1964 of the -Village, in accordance with the notice of bond sale, <br />at a price of $213,000 (plus a premium of $'" L is hereby <br />found, and declared to be t~e best bid received, and is hereby <br />accepted. The Clerk is directed to retain the good faith check' <br />of said successful bidder and to return the other good faith checks <br />forthwith. <br /> <br />2. The bonds of said issue maturing in the years and bearing <br />the serial numbers set forth below shall- bear interest payable <br />February 15, 1965, and semi-annually thereafter on August 15 and <br />February l5 of each year, at the respective rates per annum set <br />opposite said maturity years and serial numbers: <br /> <br />Maturity Years Serial Numbers Interest Rate <br />2/1$/" .. fill/A 1.,.. 60 2." <br />1:/11/6' .. alliIn 61. 101 2.1= <br />2/1$/" ... 2/1$/'1 106-1.11 t._ <br />t/ll/1. - 2/11/7' 116-1.10 1.001 <br />t/1S'" ... :/iI'''' 1.8t.t1.l a.l= <br /> <br />-2- <br />