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OFFICIAL <br />NOTICE OF SALE <br /> <br />$950,000 General Obligation In~rov~nent Bonds of 1979 <br /> City of Ramsey <br /> Anoka County, Minnesota <br /> <br /> NOTICE IS HEREBY GIVEN %hathhe City Council of the City of Ramsey, Minnesota <br />will meet at the City Hall in the City of Ramsey, on ~.~nday, August 27, 1979 at 7:30 <br />o'clock p.m., fo receive, open and consider bids for the purchase of $950,000 General <br />Obligation Bonds (the "Bonds") of the City on the following terms: <br /> <br /> Purpose and Security <br /> <br /> The purpose of the Bonds is to provide funds fora-the financing of various <br />assessable public improvements in the City. The Bonds will be general obligations <br />of the issuer, for which its full faith, credit and taxing powers are pledged. <br /> <br /> Date and Maturities <br /> <br /> The Bonds will be dated September 1, 1979 will be in denomination of $5,000 <br />each and will mature on March 1 in the following years and amounts: <br /> <br />Year Amount <br /> <br />1982 100,000 <br />1983 110,000 <br />1984 110,000 <br />1985 110,000 <br />1986 120,000 <br />1987 130,000 <br />1988 130,000 <br />1989 140,000 <br /> <br /> Redemption Feature <br /> <br />All Bonds of this issue will be without right of prior redemption <br /> <br />Interest <br /> <br /> Interest on the bonds will be payable on March 1, 1980 and semiannually there- <br />after on each September ! and ~rch 1. All bonds maturing on the same date must bear <br />interest fz~m date of issue until paid at a single, uniform rate, not exceeding the <br />rate specified for Bonds of any subsequent maturity. No limit on the number of interest <br />rates ~hat may be specified for %he issue. Each rate must be in an integral multiple <br />of 5/100 of 1% and no rate of interest nor the net effective average rate of the issue <br />may exceed 7% per atrium. ~ID supplemental or "B" ooupons will be permitted. <br /> <br /> <br />