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terms. Additional interest coupons may not be used. Bidders are also <br />requested to state total interest cost and average interest rate. <br /> <br /> All bids must be in writing, enclosed in a sealed envelope, be <br />unconditional except as to the above opinion, be addressed to and left <br />with the City Clerk-Treasurer prior to the above time, be for all or <br />none of the $365,000 worth of bonds, must be accompanied by a certi- <br />fied check, bank draft or cashier's check in the amount of at least <br />$7,300 payable to the order of the City of Ramsey to be forfeited as <br />liquidated damages in the event the bid is accepted and the bidder <br />fails to comply therewith. <br /> <br /> The City will assume no obligation for the assignment or <br />printing of CUSIP numbers on the bonds or fOr the correctness of any <br />numbers printed thereon, but will permit such printing to be done at <br />the expense of the purchaser, if the purchaser waives any extension of <br />the time of delivery caused thereby. <br /> <br /> No bid of less than $360,775 plus accrued interest on <br />$365,000 General Obligation Improvement Bonds at the coupon rates <br />specified to the date of delivery will be considered. Oral bids will <br />not be accepted. The bid offering the lowest total interest cost <br />(total interest from December 1, 1980, to stated maturities, plus any <br />discount below par, less any cash premium offered) will be deemed to <br />be the most favorable. <br /> <br /> The City reserves the right to waive any informality in any <br />bid, to reject any and all bids and to adjourn the sale. <br /> <br />DATED: November 17 <br /> , <br /> <br /> <br />