1947-09-13Village Coun<
at the Counc~
o' clock
Th.
and the foll(
rl~
moved its
BE
as follows:
1. T~
is
determined ~
property ben.
2. In
to
making of s~
Water Main I~
be in the de~
at the rate ~
mature seria
of the years
being subjec
date and sai
at par and a
3- Th
of
publication
Th
by Trustee
following v¢
and the foll
whereupon sa
Attest
VILLAGE OF MOUND
Minutes of Meeting of the Village Council
Village of Mound, Hennepin County, Minnesota
suant to due call and notice thereof, a ~%~-~ meeting of the
il of the Village of Mound, Hennep~n County, Minnesota, was duly held
I Room in said Village on the ~ ~day of September, 1947, at~ ! ! ~L ~
following me~bers were present: ~. ~~
wing were absent~~ I ~
stee ~
)tion:
introduced the following resolution and
RESOLUTION FIXING COSTS AND DIRECTING THE
SALE OF CERTIFICATES OF INDEBTEDNESS.
~T RESOLVED by the Village Council of the Village of Mound, Minnesota,
total cost of Water Main Improvement No. 8 of the Village of Mound
hereby found and determined to be the sum of $103,000, and it is hereby
~t the entire cost of said improvement shall be assessed against the
~fited thereby.
anticipation of the levy and collection of assessments and in order
defray the additional expenses incurred and to be incurred in the
.d improvement, it is hereby determined to issue and sell $13,000
~rovement No. § Certificates of Indebtedness, said certificates to
Domination of $1~OO0 each, to be dated June l, 1947, to bear interest
pecified by the successful bidder, payable semi-annually, and to
ly on June 1st in the years and amounts as follows: $1,000 in each
1950 to 1962, both inclusive, said certificates maturing in 1962
to redemption at par and accrued interest on any interest payment
certificates maturing after June l, 1956, being subject to redemption
:rued interest on said date and any interest payment date thereafter.
Village Clerk is hereby authorized and directed to cause a notice
the sale of said Certificates of Indebtedness to be given by
m the official newspaper of the Village for two successive weeks.
~ motion for the adoption of the foregoing resolution was duly seconded
~ , and upon vote being taken thereon, the
~ed in favor thereof: FuQ~,u~u~. ~~ oJ_~~ --
)wing voted against the same: ~ ~
Ld resolution was declared duly passed and adopted.
~-'. .... :/,~ President of Village Council
' "Village Clerk