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if'-the bid is`accepted and the bidder fails omply there <br />to c <br />with. Bids shall::sta.te_one .basic, rate.. of .interest'. from:.the �} 4 <br />date of issue, to maturity f'or all bonds having ,a common:ma- <br />turity date.: Not more than 3' such rates .(inintegral multi- <br />pies of 1/4.or 1/10 of one percent per :annum) are to be <br />specified for the.issue,, and the maturities .of the bonds may <br />be split not more than 3 ways for.the purpose of,designation . <br />of such rates. Bidders may ..provide. that all or some of. the <br />bonds shall bear a higher interest-rate,--and additional`,cou- <br />pons for any interest period or periods of-the term of the <br />bonds;` however,the.maximum,dollar amount payable on.account <br />of ,any such -,:rate shall be $2295.00.. The bid offering the i,Ow- <br />,est.net interest cost (total interest from date of issue to <br />.sta.ted maturities,less any premium offered) will be deemed <br />-the most '. favorable. No bid for less than.par plus accrued <br />interest from date of issue to date of bond delivery; will .be ' <br />-considered. Oral auction bids will not be received.:. The right F <br />to waive any informality and the right to. reject any and*.all <br />bids are reserved. <br />Dated August 51,1963 t` <br />BY ORDER_ OF THE VILLAGE: COUNCIL <br />DONALD J.- BOLL - <br />_ VILLAGE .CLERK . k <br />.,� P.O.ADDRESS: CRYSTAL-BAY,MINNESOTA <br />3',-.Each and all of the terms and provisions of the fore- <br />F going form :of notice ..are -hereby adopted as the-terms and eon- f <br />ditions of said bonds and of the sale thereof.-. <br />H. R.. Ross,Mayor <br />D:J Boll., Clerk <br />RESOLUTION # 19 ° <br />:RESOLUTION APPOINTING A TRUSTEE TO FILZ <br />VACANCY CREATED BY RESIGNATION OF i <br />JAMES G. BENNETTgJR. <br />WHEREAS, A vacancy exists .in the office .of Trustee of <br />the Village as a result of the resignation'of James G. ' <br />- 9 <br />Bennett ,Jr. r <br />NOW THEREFORE, We the- Council of .said. Village ",do here- <br />by appoint Robert L'. Searles as Trustee in and for said Vil- <br />lage to hold his said -office until the next regularVillageE °` <br />election and.until a successor is elected,or'appointed, and <br />qualified,`in his place; having the same powers and being:sub- <br />ject to the ame duties and penalties as if,he had been duly <br />elected thereto:. <br />.- <br />_ �cC .R.Ross, yor a <br />Attest: <br />..o f eT <br />