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RESOLUTION NO. 7233 - continued
yield on the Bonds, based upon their amounts, maturities and interest rates on
their date of issue, computed by the actuarial method, or (ii) to be used to prepay
and redeem Bonds. The City reserves the right to amend the provisions of this
Section 10(b) at any time, whether prior to or after the delivery of the Bonds, if
and to the extent that this Council determines that the provisions of this Section
10(b) are not necessary in order to assure that the Bonds are not arbitrage bonds
under Section 103 (c) of the Code and the applicable Treasury Regulations.
(c) The Mayor and the City Clerk being the officers of the City charged with
the responsibility for issuing the Bonds pursuant to this resolution, are authorized
and directed to execute and deliver to the purchaser a certification in order to
satisfy the provisions of Section 103(c) of the Code and the Treasury Regulations
promulgated thereunder.
Adopted by the Council this 20th day of September, 1983.
Published: September 28, 1983
Attest:
Ci4& Clerk
RESOLUTION NO. 7234
Mayor
RESOLUTION FIXING COMPENSATION.
BE IT RESOLVED, by the City Council of the City of Stillwater, Minnesota, that the
compensation of Gwen Monty, Planning Commission Secretary, be increased from the
sum of $5.00 to $6.00 per hour, said increase to be effective from and after
September 19, 1983.
Adopted by the Council this 20th day of September, 1983
Published: September 27, 1983
Attest:
CitClerk
107 Mayor
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