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88-019 RES
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88-019 RES
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12/3/2007 2:38:36 PM
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7/21/2005 12:31:37 PM
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City Government
type
RES
date
3/21/1988
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<br />. <br /> <br />. <br /> <br />. <br /> <br />to print such numbers on any Bond nor any error with respect <br />thereto will constitute cause for failure or refusal by the <br />Purchaser to accept delivery of the Bonds. The CUSIP Service <br />Bureau charge for the assignment of CUSIP identification <br />numbers shall be paid by the Purchaser. <br /> <br />SETTLEMENT <br /> <br />Within 40 days following the date of their award, the Bonds <br />will be delivered without cost to the Purchaser at a place <br />mutually satisfactory to the City and the Purchaser. Delivery <br />will be subject to receipt by the Purchaser of an approving <br />legal opinion of Larkin, Hoffman, Daly & Lindgren, Ltd. of <br />Minneapolisl Minnesota, which opinion will be printed on the <br />Bonds, and of customary closing papers, including a no- <br />litigation certificate. On the date of settlement payment for <br />the Bonds shall be made in federal, or equivalent, funds which <br />shall be received at the offices of the City, or its designee, <br />not later than 1:00 P.M., Central Time. Except as conpliance <br />with the terms of payment for the Bonds shall have been made <br />impossible by action of the City, or its agents, the Purchaser <br />shall be liable to the City for any loss suffered by the City <br />by reason of the Purchaser's non-compliance with said terms for <br />payment. <br /> <br />OFFICIAL STATEMENT <br /> <br />Underwriters may obtain a copy of the Official Statement by <br />request to the City's Financial Advisor prior to the bid <br />opening. The Purchaser will be proved with 30 copies of the <br />Official Statement. <br /> <br />Dated: March 21, 1988 <br /> <br />BY ORDER OF THE CITY COUNCIL <br /> <br />/s/ Patrick D. Klaers <br />Administrator-Clerk <br /> <br />SBS:EW4s <br /> <br />3. <br />
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