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� � <br /> ��� <br /> � �� � <br /> � p p �. <br /> ��d. - CITY of ORONO <br /> . � � <br /> �� G'�' RESOLUTION OF THE CITY COUNCIL <br /> ��`9k'ESg� � NO. � � e� � <br /> � <br /> RESOLUTION AWARDING SALE OF$50,000 GENERAL <br /> OBLIGATION EQUIPMENT CERTIFICATES OF INDEBTEDNESS, <br /> SERIES 2002,FIXING THE FORM AND SPECIFICATIONS <br /> THEREOF,PROVIDING FOR THEIR EXECUTION AND <br /> DELIVERY,AND LEVYING TAXES FOR THEIR PAYMENT <br /> BE IT RESOLVED by the City Council of the City of Orono, Minnesota, as <br /> follows: <br /> 1. The proposal of Anchor Bank,N.A. to purchase the $50,000 General <br /> Obligation Equipment Certificates of Indebtedness, Series 2002 of the City is hereby found and <br /> determined to be a favorable proposal and shall be and is hereby accepted, said proposal being to <br /> purchase Certificates bearing interest at the rate of 1.90% and at a price of$50,000 plus accrued <br /> interest. <br /> � 2. To provide funds for the purpose of purchasing public safety vehicles <br /> pursuant to the authority of Section 412.301 and Chapter 475, Minnesota Statutes,the City shall <br /> forthwith issue its negotiable General Obligation Equipment Certificates of Indebtedness, Series <br /> 2002 (the "Certificates") in the aggregate principal amount of$50,000,to be dated March 1, <br /> 2002,to mature on March l, 2003,to bear interest at the rate of 1.90%per annum,payable on <br /> September 1, 2002 and at maturity on March 1, 2003. All Certificates are without option of prior <br /> payment. <br /> 3. The Certificates,the Registrar's Authentication Certificate and the form of <br /> assignment and on the reverse side thereof shall be in substantially the following form: <br /> • Pa e 1 of 8 � <br /> g <br />