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<br />. <br /> <br />. <br /> <br />. <br /> <br />Section 2. Sale of Bonds. <br /> <br />2.01 'The City shall issue and sell the Bonds pursuant to <br />Chapter 475 of the Minnesota Statutes. The authorized <br />principal amount of the Bonds shall be Four Hundred Eighty <br />Thousand Dollars ($480,000). The Bonds shall be issued and <br />sold in accordance with the terms stated in the Official Terms <br />of Offering, a copy of which, marked Exhibit A, is attached <br />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, attachetl her€to and made a part hereof, <br />to be published in the manner required by law. The City <br />Council shall meet on Monday, October 23, 1989, at 7:00 p.m., <br />for the purpose of considering sealed bids on the Bonds and <br />taking any other appropriate action. <br /> <br />The motion for the adoption of the foregoing resolution was <br />duly seconded by Councilmember Holmqren and upon vote <br />being taken thereon, the following voted in favor of the <br />motion: <br /> <br />Mayor Jim Tralle, Councilmembers Gene Schuldt, Roger Holmgren, <br />Duane Kropuenske, and Harold Dobel <br /> <br />and the following was voted against: <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br />