12-30-1959 VCM SPECIAL - Laserfiche WebLink

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VILLAGE OF ELK RIVER COUNCIL MEETING December 30, 1959 A special meeting was held at the Village Hall on Dec 30, 1959 at 8:00 o’clock P.M to open bids for bonds for the liquor store. Members present: Henry Johnson, Mayor; August Meyer, R.G. Kemper, Trustees; H.A. Briggs, Clerk Bids were Juran and Moody Inc 4.99% Manheimer Egan 4.95% Member Bergerson introduced the following written resolution and, after it had been read in full, moved its adoption: RESOLUTION PROVIDING FOR PUBLIC SALE OF MUNICIPAL BUILDING REVENUE BONDS BE IT RESOLVED by the Village Council of the Village of Elk River, Minnesota, as follows: 1. This Council shall meet at the time and place specified in the form of notice hereinafter contained for the purpose of opening and considering sealed bids for, and awarding the sale of, $85,000 of Municipal Building Revenue Bonds of said Village to be issued in accordance with said form of notice and the authorizing resolution therein referred to, which will be adopted upon award of sale of said bonds. 2. The Clerk is hereby authorized and directed to cause notice of the time, place and purpose of said meeting to be published once at least 10 days in advance of said meeting in the Sherburne County Star News, the official newspaper of the Village, and once at least 10 days in advance of said meeting in the Commercial West, a periodical published in a city of the first class, giving financial news, and of general circulation throughout the state, which notices shall be in substantially the following form: NOTICE OF SALE $85,000 MUNICIPAL BUILDING REVENUE BONDS VILLAGE OF ELK RIVER, SHERBURNE COUNTY, MINNESOTA NOTICE IS HEREBY GIVEN that the Village Council of the Village of Elk River, Minnesota, will meet at the Municipal Building in said Village on Wednesday, December 30, 1959, at 8:00 o’clock P.M. to receive, open and consider sealed bids for the purchase of $85,000 Municipal Building Revenue Bonds of said Village, to be issued for the purpose of providing moneys to remodel and furnish a municipal liquor store building. Said bonds will be special obligations of the Village, payable solely from the net revenues of its municipal liquor store, as a first lien and charge thereon, and subject to the terms and provisions of the authorizing resolution to be adopted by the Village Council on December 30, 1959. Said bonds will be dated as of January 1, 1960, will bear interest at a rate or rates to be designated by the successful bidder, payable on January 1, 1960, and semiannually thereafter on July 1 and January 1 of each year, and will mature serially on January 1 in the amount of $5,000 in each of the years 1962 through 1972 and $10,000 in each of the years 1973 through 1975, bonds of said issue maturing in 1971 and later years being each subject to redemption in