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John _nor, nozv=yr 8ta Pa,31
Good Iral'h Dvposit w $9.,8C�i' . Co
Ret-e For Bouds, Y,u:r:mg
Office of t4be Public UWAtiew
?lace_ VU14gey? Elk I�x''`+��9 ice ', !; rni_': $40.,000 _ s� R,,�., eicx";C Reyezv, Dond_-- Date of rsse e
S, J. preseaiA & Co"r MinnearOUG
s-ulo &I ! L--OR s 3a2c o � eta Paul _
Yh=halmex" & Egan, znci., at. ftui
SMIN" & w2�,, KLnupapoll s
Cloud _.. -L? AGOa00 --
Ram for Bonds %tur ,
3.0 415 ik- to 8j15f6T 2.7 +^
e3 k/15/f� to 8 15/169 3.0
3.6 �/15/72 o 8 s 3.6
'a A.
Flue en extra CL'ZIp= of
-or , a -�r? ca
rye-;}:r'��z y��Co(�ry� (y
'Total Cos- $ 31Q,006.30
j
to
?L5L72 to 8A(D
ALU=nda'illiam- Co,, ,
d a A. ^,:4iu 13) Co v 8
Man :��q3F_ & Ro�saaax �,pyx i s
Woodward-krro
F &M j aa`ft - 7 800400
2.30 for ,� the : 3`iod ` 1.841 �oz the pericd
�p+ - -
l�. ]L5 L.o6l to 8 326 ?,Q to 8 I 19�P
ycars 9- on hn ..��.., 'cam 8 .+• =oaths
Premium t� Premium t � _RCM- --
Ret Ram 3 6ft
Note! $m47500o bond* mi;urlug 6115/6? through
8/.15/T3 to easy estra inim"ut al t% rate of
1.80 per = for �pericd j",R/6/6i to 8/15/6p-,,
x px•erte teed by acna t cmyons, A3 50 coupon
d= 2/15/Q a 9.Co emp . &-e 8/15/6.0e
$a rcus Co. i.'hi 11
White 244!28F Co.,, Lane n
I`eye• - For Botkls maturing
3 8/1S/6'7 to-
# 4 pI Li.S. to - PilltQ
to
Plus an e.-7r:: coup= of
2.0 -� " for [:Le period
_1961 to
�• yea:r-a �T2_____-months
Premium $ 62. &.
Total Cout i33� e2?
Net Rate �- -� 4.03e 8
C Mpl3mMts of
ROWC D o MIT ASSXXP r
350 sexton Dulldlt�g
MUMraalie 15, uses -oft
4 Page P -
offlae of tiae pablio Utilities Camilavloup
Ampet V . J.9& — VV� 31�;� of 1M FdVer.. Minzm eota 4 44901,000 _ - - Patric Rwmzrxm Bonds
Fps Rebber, 4baksm G aotle Age. MVth A- Gam►, I=., cb1cwp Lu.
CaL"17i' cu R. Bch Co., Des WIte8p lwa 8h=a=o . RaUMCM & Co.,
Good RWxthDowdt a $91&)0e0 Good ftlth Depwit r t8W.00
='f-. .fir,! t� �•: s.trr r xa i'•.. - :�r. :n ::a - p.'�j.:x i:L: ... y : i.:
1962 , 2964
4■2
2A5/Q
811510
-
3.40
1969 :: IM
-C
3.50
1972 im
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71 r r!_iv ss+S �'�..r
t+,�•-inan o{'.
:1.v n $.r;. (.-:-t7.v.`i'Ti nn- 7 of
gone
9115
bl 8A5
Yz$: rs 11 t;r :c
:,+-'
Mout„he
y ar months
F f29
-Mite
Awai
ied to Paine.. Webber, dackson
Q CmnuU an
Car"- = M. Beh Cmypxw - Icb-- low bidder,
P.l.�1 , :in mitt,# criwt= oi'
premium
Tct-l-1
of
BOOM D. 1QM & ASSOCIATES
350 ftft= SUJW' Ve
After the bids had been coon idered and discussed;,
member ! im-1"ate aDuda Introduced the following resolution
and moveIts adoption*.
RESOLUTION ACCEPTING BID ON SATZ CR
BLECTR C REVENUE BONDS AND FIXING
INT :EAST RA'
BE IT RESOLVED,, by the Public Utilities Commiasioxi o
the Village of Elk River, Minnesota, as follows:
t
1, That the "bid o
eAd Carleton E, Beh Co. Deis Mgxie, to pure ase *490,000 Electrre
Revenue Boncrys of the Village tra e r ated August 15, lq l is hereby
:round,, determined and declared to use the most favorable bid received
and is hereby accepted: and said bands are hereby awarded to said
bidder,
2 The %rands maturing and bearing the serial numbers
set forth below shall bear interest payable Yebruary ". , 1962
and. semi-annually thereafter on August 15 and February 15 of
each year at the respective Fates per annum set opposite said
maturities and .serial. numbers:
Maturity Serial. Numbers Interest Rate
2/15/62 to 8/1 /6 - 105 2.50%
2/15/65 to 9/15/6A 106 - 250 3.10%
15/69 to 8/15/71. 251 — 390 3.
2/15/72 to /15/73 391 — 490 3.
Plus additional ,interest at the rate of
per cent (1. 2o ) per annum on all bends rom
to , payable
3. Said bands shall be payable at
Member Otis cke seconded the motion f'or the
adoption of said resolution on nd upon vote being taken thereon,
the following .owin voted in favor thereof
Otis Nickerson# Joseph Bailey# WiUiem Patmaude,, Jr.
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