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<br />Section 2. Sale of Bonds. <br /> <br />. <br /> <br />2.01 The City shall issue and sell the Bonds, pursuant to <br />Chapter 429 and 475 of the Minnesota Statutes. The authorized <br />principal amount of the Bonds shall be One Million One Hundred <br />Eighty Thousand Dollars ($1,180,000). The Bonds shall be <br />issued and sold in accordance with the terms of the Official <br />Terms of Offering, a copy of which, marked Exhibit A, is <br />attached hereto and made a part hereof. <br /> <br />2.02 The City Clerk is authorized and directed to <br />advertise the Bonds for sale in accordance with such Official <br />Terms of Offering and to cause an abbreviated notice of sale in <br />the form of Exhibit B, attached hereto and made a part hereof, <br />to be published in the manner required by law. The City <br />Council shall meet on Monday, April 18, 1988, at 7:00 p.m., for <br />the purpose of considering sealed bids on the Bonds and taking <br />any other appropriate action. <br /> <br />The motion for the adoption of the foregoing resolution was <br />duly seconded by Councilmember Dobel and upon vote <br />being taken thereon, the following voted in favor of the <br />motion: <br />Mayor Gunkel, Councilmembers Dobel, Tralle, Schuldt and Holmgren <br /> <br />. <br /> <br />and the following was voted against: <br /> <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br /> <br />. <br />