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<br />e <br /> <br />e <br /> <br />e <br /> <br />2. The terms and conditions of the Bonds and the sale thereof <br />are fully set forth in the "Terms of Proposal" attached hereto as <br />Exhibit B, and the Council shall meet at the time and place <br />specified therein for the purposes of considering the bids for the <br />purchase of the Bonds and considering the award of the sale of the <br />Bonds. <br /> <br />Adopted on May 2, 1994, by the Elk River city Council. <br /> <br />The motion for the adoption of the foregoing resolution was <br />duly seconded by Councilmember and upon a vote being <br />taken thereon, the following voted in favor thereof: <br /> <br />and the following voted against the same: <br /> <br />Whereupon said resolution was declared duly passed and <br />adopted. <br /> <br />262807. 1 <br />