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CITY, N.D. Sealed bids for the purchase of the above bonds of Barnes County, North Dakota will be received until 5:00 p.m., CT, Monday, November 4, 2013, at the office of the County’s Financial Consultant at the address set forth below.

The bids will be considered by the Board of County Commissioners on Tuesday, November 5, 2013. The bonds will be dated the date of closing, and will mature serially on May 1 in the years and amounts set forth below:
 
Year     Amount     Year     Amount       
2014     $95,000     2017     $105,000       
2015     $95,000     2018     $105,000       
2016     $100,000      

Interest on the bonds will be payable semiannually on each May 1 and November 1, commencing May 1, 2014. The bonds are not callable. Bids may use a combination of serial and term bonds. One rate per maturity expressed in integral multiples of 1/20 or 1/8 of 1%, in non-descending order.

Bids must be at a price not less than $492,500 (98.5%) plus accrued interest. The bonds will be designated as qualified tax-exempt obligations under Section 265 of the Internal Revenue Code.

Bids must be accompanied by a certified check, cashier’s check, surety bond, or bond draft in the amount of $5,000 (1%).

Proceeds of the bonds will be used to provide funding to construct, enlarge or repair bridges and to pay costs incidental to such construction and bond issuance. Legal opinion by Arntson Stewart Wegner PC, Bismarck, North Dakota.

Additional information concerning the offering may be obtained from the County Auditor or the County’s Financial Consultant, Dougherty & Co. LLC, PO Box 2157, 120 North Third Street, Bismarck, North Dakota 58502-0816. (701) 222-1616.