12-22-1972 VCM Special - Laserfiche WebLink

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e PAYING AGENT: Bidder's discretion. DELIVERY: 40 days after award subject to approving legal opinion of Messrs. B~iggs and Morgan of St. Paul, Minnesota. Bond printing and legal opinion will be paid by issuer and delivery will be any- where in the continental United States without cost to the pur- chaser. Legal opinion will be printed on the bonds at the request of the successful bidder. TYPE OF BID: Sealed bids of not less than $85,695.00 and accrued interest on the principal sum of $87,000 from date of bonds to date of delivery must be filed with the undersigned prior to the time of sale. Bids must be unconditional except as to legality. A certified or cashier's check in the amount of $1,740.00, payable to the order of the Treasurer of the issuer must accompany each bid, to be forfeited as liquidated damages if bidder fails to comply with accepted bid. Bids for the bonds should be ad- dressed to: Charles J. Savela, Village Clerk, Elk River, Minnesota, 55330. e RATES: All rates and combination of rates must be in integral multiples of 1/20th of 1% and may not exceed 7% per annum. Additional interest coupons may not be used. All bonds of the same maturity must bear a singl.e uniform rate from date of issue to maturity and no rate of any maturity may be lower than the highest rate applicable to bonds of any preceding maturities. No limi- tation is placed upon the number of rates which may be used. AWARD: Award will be made solely on the basis of lowest dollar interest cost, determined by addition of any discount to and deduction of any premium from the total interest on all bonds from their date to their stated maturity. The net e