1888-1989 Archive Minutes
Minutes 1918 - 1957
12/24/2013 8:08:40 AM
12/23/2013 11:43:39 AM
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HA 2/13/57 <br />The Village will furnish without cost to the purchasers the printed <br />and executed bonds of each issue and the approving legal opinion thereon of <br />Idessrs. Dorsey, (hen, Barker, Scott S, Barber, of Minneapolis , hlinnesota, to- <br />gether with the customary certificate evidencing absence of '*threatened or <br />pending litigation affecting the bonds directly or indirectly. <br />be made within 40 days after said date of sale. <br />may be mailed or delivered to the underqigned Village Clerk. Each bid must <br />be received'at her office prior to the time of said meeting and must be un- <br />conditional and accompanied by a cashier's or certified check or bank draft <br />in an amount not less than $40,000, payable to the Treasurer of the Village <br />of Edina, to be retained by the Village as liquidated damages if the bid <br />should be accepted kand the bidder shall fail to comply therewith. Bonds <br />will be preferred on the basis of the lowest net interest cost, computed to <br />the stated maturities of the bonds at the coupon rate or rates specified, <br />with deduction of any premium offered. No bid for less than all of the <br />bonds, and no bid of less than par and accrued interest, will be considered, <br />The Council reserves the right to reject any and all bids, to waive any in- <br />formality in any bid, and to adjourn the sale if deemed expedient. <br />Delivery will <br />Sealed bids marked "Bid for $2,000,000 General Obligation Bonds'' <br />Dated February 13, 1957. <br />BY ORDER OF THE VILLAGE COUNCIL <br />Gretchen S. Alden <br />Village Clerk <br />4801 Y!est 50th Street <br />Edina 24, hlinnesota <br />4. Each and all of the terms and provisions of said notice are <br />hereby adopted as the terms and conditions of said bonds and of the sale <br />thereof, as fully as though separately set forth and resolved herein. <br />Motion for adoption of Resolution was se <br />there were four ayes and no nays, as foll <br />aye; and Bredesen, aye; and the Resolutio <br />AlT T: <br />c Village Clerk
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