84-083
.
After
due consideration of
said
bids,
Councilmember
GAgne
introduced the following resolution and moved its
adoption:
RESOLU'l'ION NO. 83-84
RESOLU'l'ION AWARDING THE SALE OF $1,250,000
GENERAL OBLIGATION IMPROVEMENT BONDS SERIES
1984A: FIXING THEIR FORM AND SPECIFICATIONS:
DIRECTING THEIR EXECU'l'ION AND DELIVERY: AND
PROVIDING FOR THEIR PAYMENT.
BE IT RESOLVED, By the City Council of the City of Shorewood,
Minnesota, as follows:
1. The bid of
to purchase $1,250,000 General Obligation Improvement Bonds Series 1984A
of the City described in the notice of sale thereof is hereby found and
determined to be the highest and best bid received pursuant to duly
advertised notice of sale and shall be and is hereby accepted, such bid
being to purchase such bonds at a price of $1,226,250.00 plus accrued
interest to date of delivery, such bonds to bear interest as follows:
. 7.25% 1987 8.75% 1993
7.50% 1988 9.00% 1994
7.75% 1989 9.25% 1995
8.00% 1990 9.50% 1996
8.25% 1991 9.75% 1997
8.50% 1992 10.00% 1998-2001
The sum of $ -0- , being the amount bid in excess of $1,226,250
shall be credited to the bond sinking fund hereinafter created. The City
Treasurer is directed to retain the good faith check of the successful
bidder pending completion of the sale and delivery of the bonds. The City
Treasurer is directed to return the checks of the unsuccessful bidders
forthwith.
2. The City of Shorewood shall forthwith issue and sell its
General Obligation Improvement Bonds Series 1984A (the nBonds.) in the
principal amount of $1,250,000, dated December 1, 1984. The printed,
fully registered bonds shall be in the denomination of $5,000 each or higher
multiples thereof for any single maturity, bearing interest as above set
forth, all interest payable August 1, 1985, and semiannually thereafter on
February 1 and August 1 in each year, and which bonds mature on February 1 in
the years and amounts as follows:
.
. YEAR AMOUNT YEAR AMOUNT
1987 $80,000 1994 $85,000
1988 85,000 1995 80,000
1989 80,000 1996 85,000
1990 85,000 1997 85,000
1991 85,000 1998 80,000
1992 80,000 1999 85,000
1993 85,000 2000 85,000
2001 85,000
The Bonds maturing after February 1, 1994, will be subject to redemption and
prepayment, at the option of the City and in whole or in part, in inverse
order of maturities and by lot assigned in proportion to their principal
amount, within any maturity, on February 1, 1994, and any interest payment
date thereafter at a price equal to the principal amount thereof to be
redeemed plus accrued interest to the date of redemption.
3. Both pr incipal of and interest on the Bonds shall be payable by
Norwest Bank Minneapolis, N.A., in Minneapo1is,Minnesota
and the City of Shorewood shall pay the reasonable charges of said bank for
its services as paying agent.
4.
The Bonds shall be in substantially the following form:
(Face of the Bonds)
UNITED STATES OF AMERICA
STATE OF MIHRESOTA
HEHREPIN COUIft'Y
CITY OF SHORBWOOD
GENERAL OBLIGATION IMPROVEMENT BOND SERIES 1984A
.
Rate
Maturity
Date of Original Issue
CUSIP
.
KNOW ALL MEN BY THESE PRESENTS that the City of Shorewood, Hennepin
County, Minnesota, a municipal corporation, (the City), acknowledges
itself to be indebted and, for value received, hereby promises to pay to
or registered assigns, the principal sum of THOOSAND
DOLLARS, on the maturity date specified above, with interest thereon from
the date hereof at the annual rate specified above, payable on February 1
and August 1 in each year, commencing August 1, 1985, to the person in whose
name this Bond is registered at the close of business on the 15th day
(whether or not a business day) of the immediately preceding month. The
interest hereon and, upon presentation and surrender hereof at the
principal office of the Bond Registrar hereinafter designated, the
principal hereof are payable in lawful money of the United States of America
by check or draft of the , in , Minnesota, as
.
~nd Registrar, Transfer Agent and Paying Agent (the Bond Registrar), or
lts successor designated under the Resolution described herein.
Additional provisions of this Bond are contained on the reverse
hereof and such provisions shall for all purposes have the same effect as
though fully set forth hereon.
This Bond shall not be valid or become obligatory for any purpose or
be entitled to any security or benefit under the Resolution until the
Cer~ificate of Authentication hereon shall have been executed by the Bond
Reglstrar by manual signature of- one of its authorized representatives.
IN WI'l'RESS WHEREOF, the City of Shorewood, Hennepin County,
Minnesota, by its City Council, has caused this Bond to be executed by the
facsimile signatures of the Mayor and the City Clerk, and has caused this
Bond to be dated as of December 1, 1984 .
(Facsimile Signature)
City Clerk
(Facsimile Signature)
Mayor
CERTIFICATE OF AUTHENTICATION
This is one of the Bonds delivered pursuant to the Resolution
mentioned within.
.
as Bond Registrar and Paying Agent
Dated:
By
.
Authorized Representative
(Reverse of the Bonds)
This Bond is one of an issue in the aggregate principal amount of
$1,250,000 (the Bonds), all of like date and tenor except as to number,
denomination, interest rate, redemption privilege, and maturity date,
issued pursuant to a resolution adopted by the City Council on November 19,
1984, (the Resolution) , to finance public improvements constructed or to be
constructed pursuant to Minnesota Statutes, Chapter 429, and is issued
pursuant to and in full conformity with the provisions of the Constitution
and laws of the State of Minnesota thereunto enabling, including Minnesota
Statutes, Chapter 475. This Bond is payable primarily from the General
Obligation Improvement Bond Series 1984A Fund (the Bond Fund) of the City,
but the City is required by law to pay maturing principal hereof and
interest hereon from any available funds of the City if moneys on hand in the
Bond Fund are insufficient therefor. The Bonds are issuable only as fully
registered bonds, in denominations of $5,000 or any multiple thereof, of
single maturities. All Bonds maturing after February 1, 1994, are subject
to being called by the City for prior redemption on ~aid date and any
interest payment date thereafter at par plus accrued lnterest.
.
.
.
As provided in the Resolution and subject to certain limitations
set forth therein, this Bond is transferable upon the books of the City at
the principal office of the Bond Registrar, by the registered owner hereof
in person or by his attorney duly authorized in writing upon surrender
hereof together with a written instrument of transfer satisfactory to the
Bond Registrar, duly executed by the registered owner or his attorney; and
may also be surrendered in exchange for Bonds of other authorized
denominations. Upon such transfer or exchange, the City will cause a new
Bond or Bonds to be issued in the name of the transferee or registered owner,
of the same aggregate principal amount, bearing interest at the same rate
and maturing on the same date, subject to reimbursement for any tax, fee or
governmental charge required to be paid with respect to such transfer or
exchange.
The City and the Bond Registrar may deem and treat the person in
whose name this Bond is registered as the absolute owner hereof, whether
this Bond is overdue or not, for the purpose of receiving payment and for all
other purposes, and neither the City nor the Bond Registrar shall be
affected by any notice to the contrary.
IT IS BEREBY CERTIFIED, RECITED, COVENANTED AND AGREED that all
acts, conditions, and things required by the Constitution and laws of the
State of Minnesota to be done, to exist, to happen and to be performed
precedent to and in the issuance of this Bond in order to make it a valid and
binding general obligation of the City according to its terms have been
done, do exist, have happened and have been performed in regular and due
form as so required; that the City has levied or will levy special
assessment and ad valorem taxes, collectible in the years and amounts
required to produce sums not less than five percent in excess of the
principal of and interest on the Bonds as such principal and interest
respecti vely become due, and has appropriated the same to the Bond Fund in
the manner specified in Minnesota Statutes, Section 475.61; that, in the
event of any accumulated or anticipated deficiency in the Bond Fund,
additional ad valorem taxes are required by law to be levied upon all
taxable property in the City without limitation as to rate or amount; and
that the issuance of this Bond does not cause the indebtedness of the City to
exceed any constitutional or statutory limitation.
The following abbreviations, when used in the inscription on the
face of this Bond, shall be construed as though they were written out in full
according to the applicable laws or regulations:
TEN COM - as tenants
in common
UNIF GIFT MIN ACT...Custodian....
(Cust) (Minor)
TEN ENT -
as tenants
by the entireties
JT TEN
as joint tenants
with right of
under Uniform Gifts to
Minors
......~:-;-,.~...!-.
,.,....;.;~, 'f-::"').Z' -..:i-_' ~- ... ."f"!::---:
4" ;....
< <<q~- <~ ~<
.
survivorship and
not as tenants
in common
Act . . . . . . . . . . . .
(State)
list.
Additional abbreviations may also be used though not in the above
ASSIGNMENT
For value received, the undersigned hereby sells, assigns, and
transfers unto
the within Bond <and all rights thereunder, and does hereby irrevocably
constitute and appoint
attorney to transfer the within Bond on the books kept for registration
thereof, with full power of substitution in the premises.
Dated:
Signature Guaranteed:
.
NOTICE: The assignor I s signature to
this assignment must correspond with
the name as it appears upon the face of
the within Bond in every particular,
without alteration or any change
whatever.
Signature(s) must be guaranteed by a national bank or trust company or by a
brokerage firm having a membership in one of the major stock exchanges.
The Bond Registrar will not effect transfer of this Bond unless the
information concerning the assignee requested below is provided:
Name and Address
(Include information for all joint owners
if the Bonds are h~ld by joint account.)
PLEASE INSERT SOCIAL SECURITY NUMBER OR
OTHER IDENTIFYING NUMBER OF ASSIGNEE
. 5. The Bonds shall be issuable only in fully registered form.
The interest and principal amount thereof shall be payable by check or draft
issued by the Registrar described herein.
.
.
.
6. Dates; Interest Payment Dates. Each Bond shall be dated as of
the last interest payment date preceding the date of authentication to
which interest on the Bond has been paid or made available for payment,
unless (i) the date of authentication is an interest payment date to which
interest has been paid or made available for payment, in which case such
Bond shall be dated as of the date of authentication, or (ii) the date of
authentication is prior to August I, 1985, in which case such Bond shall be
dated as of December l, 1984. The interest on the Bonds shall be payable on
February I and August 1 in each year, commencing August I, 1985, to the owner
of record thereof as of the close of business on the fifteenth day of the
immediately preceding month, whether or not such day is a business day.
7. Registration. The City shall appoint and shall maintain a
bond registrar, transfer agent, and paying agent (the Registrar). The
effect of registration and the rights and duties of the City and the
Registrar with respect thereto shall be as follows:
(a) Register. The Registrar shall keep at its
principal corporate trust office a bond register in which
the Registrar shall provide for the registration of
ownership of Bonds and the registration of transfers and
exchanges of Bonds entitled to be registered, transferred
or exchanged.
(b) Transfer of Bonds. Upon surrender for
transfer of any Bond duly endorsed by the registered owner
thereof or accompanied by a written instrument of transfer,
in form satisfactory to the Registrar, duly executed by the
registered owner in writing, the Registrar shall
authenticate and deliver, in the name of the designated
transferee or transferees, one or more new Bonds of a like
aggregate principal amount and maturity, as requested'by
the transferor. The Registrar may, however, close the
books for registration of any transfer after the fifteenth
day of the month preceding each interest payment date and
until such interest payment date.
(c) Exchange of Bonds. Whenever any Bond is
surrendered by the registered owner for exchange, the
Registrar shall authenticate and deliver one or more new
Bonds of a like aggregate principal amount and maturity, as
requested by the registered owner or the owner I s attorney
duly authorized in writing.
(d) Cancellation. All Bonds surrendered upon
any transfer or exchange shall be promptly cancelled by the
Registrar and thereafter disposed of as directed by the
City.
(e) Improper or Unauthorized Transfer. When any
Bond is presented to the Registrar for transfer, the
Registrar may refuse to transfer the same until it is
satisfied that the endorsement on such Bond or separate
instrument of transfer is legally authorized. The
.
.
.
Registrar shall incur no liability for its refusal, in good faith, to make
transfers which it, in its judgment, deems improper or unauthorized.
(f) Persons Deemed Owners. The City and the Registrar may treat
the person in whose name any Bond is at any time registered in the bond
register as the absolute owner of such Bond, whether such Bond shall be
overdue or not, for the purpose of receiving payment of, or on account of,
the principal of and interest on such Bond and for all other purposes, and
all such payments so made to any such registered owner or upon the owner IS
order shall be valid and effectual to satisfy and discharge the liability of
the City upon such Bond to the extent of the sum or sums so paid.
(g) Taxes, Fees and Charges. For every transfer or exchange of
Bonds, the Registrar may impose-a charge upon the owner thereof sufficient
to reimburse the Registrar for any tax, fee or other governmental charge
required to be paid with respect to such transfer or exchange.
(h) Mutilated, Lost, Stolen or Destroyed Bonds. In case any Bond
shall become mutilated or be lost, stolen or destroyed, the Registrar shall
deliver a new Bond of like amount, number, maturity date and tenor in
exchange and substitution for and upon cancellation of any such mutilated
Bond or in lieu of and in substitution for any such Bond lost, stolen or
destroyed, upon the payment of the reasonable expenses and charges of the
Registrar in connection therewith; and, in the case of a Bond lost, stolen
or destroyed, upon filing with the Registrar evidence satisfactory to it
that such Bond was lost, stolen or destroyed, and of the ownership thereof,
and upon furnishing to the Registrar an appropriate bond or indemnity in
form, substance and amount satisfactory to it, in which bond the City and
the Registrar shall be named as obligees, all pursuant to the provisions of
Minnesota Statutes, Sections 475.69 and 475. 70. ~ll Bonds so surrendered
to the Registrar shall be cancelled by it and evidence of such cancellation
shall be given to the City. If the mutilated, lost, stolen or destroyed
Bond has already matured or been called for redemption in accordance with
its terms, it shall not be necessary to issue a new Bond prior to payment.
8. Appointment of Initial Registrar. The City hereby appoints
Norwest Bank Minneapolis. N.A.. in Minneapolis. Minnesota
as the initial Registrar. The Mayor and the City Clerk are author ized to
execute and deliver, on behalf of the City, a contract with
Norwest Bank Minneapolis, N.A., in Minneapolis, Minnesota
as Registrar. Upon merger or consolidation of the Registrar with another
corporation, if the resulting corporation is a bank or trust company
authorized by law to conduct such business, such corporation shall be
authorized to act as successor Registrar. The City agrees to pay the
reasonable and customary charges of the Registrar for the services
performed. The City reserves the right to remove any Registrar upon thirty
(30) days' notice and upon the appointment of a successor Registrar, in
which event the predecessor Registrar shall deliver all cash and Bonds in
its possession to the successor Registrar and shall deliver the bond
.
.
.
register to the successor Registrar. On or before each principal or
interest due date, without further order of this City, the City Treasurer
shall transmit to the Registrar, from the General Obligation Improvement
Bond Fund described in paragraph 16 hereof, monies sufficient for the
payment of all principal and interest then due.
9. Preparation and Delivery. The Bonds shall be prepared under
the direction of the City Clerk and City Treasurer and shall be executed on
behalf of the City by the signatures of the Mayor and the City Clerk,
provided that the Mayor and City Clerk's signatures may be facsimiles
thereof. In case any officer whose signature, or a facsimile of whose
signature, shall appear on the Bonds shall cease to be such officer before
the delivery of any Bond, such signature or facsimile shall nevertheless be
valid and sufficient for all purposes, the same as if such officer had
remained in office until delivery. Notwithstanding such execution, no
Bond shall be valid or obligatory for any purpose or entitled to any
security or benefit under this resolution unless and until a certificate of
authentication on such Bond has been duly executed by the manual signature
of an authorized representative of the Registrar. Certificates of
authentication on different bonds need not be signed by the same
representative of the Registrar. The executed certificate of
authentication on each bond shall be conclusive evidence that it has been
authenticated and delivered under this resolution. When the Bonds have
been so executed and authenticated, they shall be delivered by the City
Treasurer to the Purchaser upon payment of the purchase price, and the
Purchaser shall not be obligated to see to the application of the purchase
price.
10. The City Treasurer shall cause the proceeds of the Bonds to be
applied for the costs of construction of public improvements authorized and
approved pursuant to Minnesota Statutes, Chapter 429.
11.. It is hereby determined that the Improvements to be financed
by the Bonds will directly and indirectly benefit the abutting property,
and the City hereby covenants with the holders from time to time of the
Bonds, as follows:
(a) The City will cause the assessments for the
Improvements to be promptly levied so that the first
installment will be collectible not later than 1986 if
necessary and will take all steps necessary to assure
prompt collection. The City Council shall cause all
further actions and proceedings relative to the making and
financing of the Improvements financed hereby to be taken
with due diligence that are required for the construction
of each Improvement financed wholly or partly from the
proceeds of the Bonds, and for the final and val id levy of
special assessments and the appropriation of any other
funds needed to pay the obligations and interest thereon
when due.
(b) In the event of any current or anticipated
deficiency in said special assessments, the City Council
will levy ad valorem taxes in the amount of said current or
.
.
.
anticipated deficiency.
(c) The City will keep complete and accurate
books and records showing all receipts and disbursements in
connection wi th the Improvements, the taxes levied and the
assessments levied therefor and other funds appropriated
for their payment, and all collections thereof and
disbursements therefrom, moneys on hand and the balance of
unpaid assessments.
(d) The City will cause its books and records to
be audited at least annually by qualified public
accountants and will furnish copies of such audit reports
to any.interested person upon request.
12. When all of the Bonds have been discharged as provided in this
resolution, all pledges, covenants and other rights granted by this
resolution to the holders of the Bonds shall cease. The City may discharge
its obligations with respect to any Bonds which are due on any date by
irrevocably depositing with the Registrar on or before that date a sum
sufficient for the payment thereof in ful11 or, if any Bond should not be
paid when due, it may nevertheless be discharged by depositing with the
Registrar a sum sufficient for the payment thereof in full with interest
accrued to the date of such deposit. The City may also at any time
discharge its obligations with respect to any Bonds, subject to the
provisions of law now or hereafter authorizing and regulating such action,
by depositing irrevocably in escrow, with a bank qualified by law as an
escrow agent for this purpose, cash or securities which are general
obligations of the United States or securities of United States agencies
which are authorized by law to be so deposited, bearing interest payable at
such time and at such rates and maturing on such dates as shall be required,
without reinvestment, to pay all principal and interest to become due
hereon to maturity.
13. The City covenants and agrees with the holders from time to
time of the Bonds that it will not take or permit to be taken by any of its
officers, employees or agents any action which would cause the interest on
the Bonds to become subject to taxation under the Internal Revenue Code of
1954, as amended (the Code), and the Treasury Regulations promulgated
thereunder (the Reglations), and covenants to take any and all actions
within its powers to ensure that the interest on the Bonds will not become
subject to taxation under the Code and the Regulations.
14. The City has agreed to furnish to the purchaser the approving
legal opinion of Messrs. Wurst, Pearson, Hamilton, Larson and Underwood, of
Minneapolis, Minnesota, and such opinion is hereby requested. The City
Clerk shall obtain a copy of said approving legal opinion, which shall be
complete except as to dating thereof, and shall cause said opinion to be
printed on each Bond, together with a certificate to be signed by the
facsimile signature of the City Clerk in substantially the following form:
I hereby certify that the foregoing is a
full, true and correct copy of the legal opinion
executed by the above named attorneys, except as
.
.
.
___,....,.......,.._~~ .___.____ .__,_.,r. _"'.....~___...__._., '" _ '. .....__._ ~
_-_~. -~'~~'~~.4 _ ~ ~'JIIfWW_"""'" _0, ~"'_'CH.,
.
to the dating thereof, which opinion has been
handed to me for filing in my office prior to the
time of bond delivery.
City Clerk
City of Shorewood
At the time of delivery, the city Clerk shall prepare a similar separate
certificate, and the City Clerk is hereby authorized and directed to
execute such certificate in the name of the City upon receipt of such
opinion and to file the opinion in the City offices.
15. The Bonds shall' be payable from the 'General Obligation
Improvement Bonds Series 1984A Fund hereby created, and the proceeds of any
ad valorem taxes hereafter levied and special assessments to be levied for
the improvements (the Improvements) financed by the Bonds are hereby
pledged to said fund. If any payment of principal or interest on the Bonds
shall become due when there is not sufficient money in said fund to pay the
same, the City shall pay such principal or interest from the general fund of
the City and such fund may be reimbursed for such advances out of proceeds of
assessments for the Improvements when collected.
16. It is hereby determined that the estimated collection of
special assessments levied or to be levied for the improvements against
property specially benefited thereby will produce at least five percent in
excess if the amount needed to meet, when due, the pr incipal and interest
payments on the Bonds. The Clerk shall deliver a certified copy of this
resolution to the County Auditor of Hennepin County and obtain his
certificate as required by Section 475.63, Minnesota Statutes.
17. The officers of the City are hereby authorized and directed to
prepare and furnish to the purchaser of the Bonds and to the attorneys
approving the same, certified copies of proceedings and records of the City
relating to the Bonds and to the financial condition and affairs of the
City, and such other certificates, affidavits and transcripts as may be
required to show the facts within their knowledge or as shown by the books
and records in their custody and under their control, relating to the
validi ty and marketabili ty of the Bonds and such instruments, including any
heretofore furnished, shall be deemed representations of the City as to the
facts stated therein.
18. The Mayor, City Administrator-Treasurer and City Clerk, are
hereby authorized and directed to certify that they have examined the
official statement or prospectus prepared and circulated in connection
with the issuance and sale of the Bonds and that to the best of their
knowledge and belief said statement is a complete and accurate
representation of the facts and representations made therein as of the date
of said official statement or prospectus as it relates to the City.
The motion for the adoption of the foregoing resolution was duly
seconded by Councilmember
Hanqen
, and upon vote being
. ..
. taken thereon, the following voted in favor thereof:
.
.
All members
and the following voted against: None
whereupon said resolution was declared duly passed and adopted.
Approved this 19th day of November, 1984.
Mayor
Attest:
City Clerk
~
~
~
, .
STATE OF MINNESOTA
COUNTY OF HENNEPIN
I, the undersigned, being the duly qualified and acting City Clerk
of the City of Shorewood, Minnesota, do hereby certify that I have carefully
compared the attached and foregoing extract of minutes of a special meeting
of the City Council of said City held on November 19, 1984, with the or iginal
thereof on file in my office, and the same is a full, true and complete
transcr ipt thereof, insofar as the same relates to the issuance and sale of
$1,250,000 General Obligation Improvement Bonds Ser ies 1984A of the City.
WITNESS My hand as such Clerk and the corporate seal of the City
this /~ay Of~~~b~, 1984. .
%#4~~'Lfr
City Clerk
City of Shorewood, Minnesota
(SEAL)
.
.
.
2 3- ~1
EXTRACT OF MINUTES OF MEETING OF THE
CITY COUNCIL OF THE CITY OF SHOREWOOD,
HENNEPIN COUNTY, MINNESOTA
Pursuant to due call and notice thereof, a regular
meeting of
the City Council of the City of Shorewood, Hennepin County, Minnesota, was
duly held at the City Hall in said City on Monday, the 19th day of November,
1984, at 8:00 p.m. The following members were present: R. Rascop,
R. Gagne, J. Haugen, T. Shaw & K. Stover
and the following were absent: None
* * *
* * *
* * *
The Mayor announced that the next order of business would be the
consideration of bids for the sale of $1,250,000 General Obligation
Improvement Bonds Series 1984A as advertised for sale.
The City Clerk presented affidavits showing publication of notice
of bond sale more than ten days in advance of sale in the official newspaper
and in Commercial West, a financial paper published in Minneapolis,
Minnesota, which affidavits were examined and found satisfactory and
ordered placed on file.
The City Clerk th~n pr:esent~d the bids which had been delivered to
her prior to the time specified in the notice of sale and said bids had been
opened, examined and found to be as follows:
See Attached
SPRINGSTED
INCORPORATED
PUBLIC FINANCE
ADVISORS
$1 ,250,000
GENERAL OBLIGATION IMPROVEMENT BONDS, SERIES 1984A
CITY OF SHOREWOOD, MINNESOTA
AWARD:
NORWEST SECURITIES
THE FIRST NATIONAL BANK OF SAINT PAUL
And Associates
SALE: November 19, 1984 Moody's Rating: Baa I
Net Interest
Bidder Coupons Price Cost & Rate
NORWEST SECURITIES 7.25% 987 $1,226,250.00 $1,098,631.25
THE FIRST NATIONAL BANK 7 . 50% 988 (9.5505%)
OF SAINT PAUL 7.75% 989
American National Bank & 8.00% 990
Trust Co. of Saint Paul 8.25% 991
Cronin & Marcotte, Inc. 8.50% 992
M. H. Novick & Company, Inc. 8.75% 993
Roberts S.C. Peterson, Inc. 9.00% 994
9.25% 995
9. 50% 996
9.75% 997
· PIPER, JAFFRA Y & 10 . 00% 998-2001
7.25% 1987 $1,226,250.00 $1,119,477.92
HOPWOOD INC. 7 . 50% 1988 (9.7317%)
Allison-Williams Company 8.00% 1989
Robert W. Baird & Company, Inc. 8.25% 1990
Smith Barney, Harris, Upham & 8. 50% 1991
Co., Inc. 8.75% 1992
Craig-Hallum, Inc. 9 . 00% 1993
9.25% 1994
~ . 50% 1995
9.75% 1996
9.90% 1997
10.00% 1998
10.10% 1999
10.20% 2000-2001
MILLER SECURITIES, 7 . 50% 1987 $1,226,250.00 $1,128,147.93
INCORPORA TED 8.00% 1988 (9.80713%)
PAINE WEBBER, JACKSON & 8.25% 1989
CURTIS, INC. 8.50% 1990
F & M Marquette National Bank 8.75% 1991
9.00% 1992
9.20% 1993
9.40% 1994
. 9 . 60% 1995
9.80% 1996
10.00% 1997-1998
10.10% 1999-2001
800 Osborn Building, Saint Paul, Minnesota 55102 (612) 222-4241
250 North Sunnyslope Road, Brookfield, Wisconsin 53005 (414) 782-8222
.
.
.
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