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<br />NOTICE OF BOND SALE <br />$213,000 GENERAL OBLIGATION REFUNDING IMPROVEMENT BONDS <br />OF 1964 <br />OF THE VILLAGE OF ELK RIVER, SHERBURNE <br />COUNTY, MINNESOTA <br /> <br />NOTICE IS GIVEN THAT THESE bonds will be offered for <br />sale according to the following terms: <br /> <br />TIME AND PLACE <br /> <br />February 19, 1964 <br />at 7:30 o'clock P.M. at the Council <br />Chambers in the Village of Elk River, <br />Minnesota~ <br /> <br />TYPE OF BOND <br /> <br />Negotiable coupon general obligation <br />bonds, $1,000 denominations. <br /> <br />DATE OF BONDS <br />PURPOSE <br /> <br />February 15, 1964. <br /> <br />INTEREST PAYMENTS <br /> <br />Refunding of outstanding general ob- <br />.ligation bonds. <br />Augus1: . 64 February <br />~ 15, 19~ and ~ 15 and Augudt <br />~ 15 thereafter. <br /> <br />MATURITIES <br /> <br />February 15, in the years and amounts <br />as follows: <br /> <br />$15,000 in each of the years 1965 to <br />1977, both inclusive, and $18,000 in <br />the year 1978. <br /> <br />REDEMPTION <br /> <br />All bonds maturing after February 15, <br />1969 are callable at the option of the <br />Village in inverse order of their ser- <br />ial numbers on February 15, 1969 and on <br />any interest payment date thereafter at <br />par and accrued interest, plus a pre- <br />mium of $20.00 if called before Febru- <br />ary 15, 1974, and at a premium of <br />$10.00 if called on or after February <br />15, 1974. <br /> <br />PAYING AGENT <br />DELIVERY <br /> <br />Bidder's discretion. <br /> <br />40 days after award subject to approv- <br />ing legal opinion of Messrs. Briggs' <br />and Morgan of st. Paul, Minnesota. <br />Bond printing and legal opinion will <br />be paid for by the issuer and delivery <br />will by anywhere without cost to the <br />purchaser. Legal opinion will be prin- <br />ted on the bonds. <br />