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(Resolution #375, continued) Paying Agent Principal and. interest will be made payable at any suitable bank in the United States designated by the successful bidder within 48 hours after award of sale, subject to approval by the Village Council, and the Village- will illagewill pay the reasonable and customary paying agency charges. .,�Dekivery The Village will furnish, without cost to the purchaser and within forty days after award of sale, the printed and executed bonds; the usual form of no litigation certificate, and the unqualified approving legal opinion of bond counsel designated below. Delivery will be made without cost to the purchaser anywhere in the continental United States. Payment by the purchaser must be in immediately available funds. Legal Opinion An unqualified legal opinion on the bonds will be furnished by Messrs. Dorsey, Marquart, Windhorst, West $ Halladay, of Minneapolis, Minnesota. The legal opinion will be printed on the bonds at the request of the purchaser. The legal opinion will state that the bonds are valid and binding general obligations of the Village and th-6 Village is obligated and required to levy taxes for the principal and interest thereon as the same become due without limit as to rate or amount. Type of Bid - Amount Sealed bids must be mailed or delivered to the undersigned and must be received prior to the time of said meeting. Each bid must be uncondition- al and must be accompanied by a cashier's or certified check or bank draft in the amount of $22,600, payable to the Village Treasurer, to be retained by the Village as liquidated damages if the bid is accepted and the bidder fails to comply therewith. The bid specifying the lowest net interest cost (total interest from date of bonds to stated maturities, less any cash premium or plus any amount less than $1,130,000 bid for principal) will be deemed the most favorable.. No oral bid and no bid of less than $1,108,000 for principal plus accrued interest on all of the bonds will be considered, and the Village reserves the right to reject any and all bids and to waive any informality in any bid. Dated December 14, 1970 BY ORDER OF THE VILLAGE COUNCIL RALPH H. MARTIN Village Clerk .Box 66 :.. Crystal Bay, Minnesota