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ACCEPTED BID
<br />CHEMICAL BANK
<br />
<br />BIDDER
<br />
<br />INTEREST RATE
<br />
<br />A~NT
<br />
<br />BANKERS TRUST COMPANY
<br />AND ASSOCIATES
<br />
<br />FIRST 7;:MATURITIES 4~/~
<br />NEXT 9 MATURITIES 4~
<br />NEXT 3 MATURITIES 4.70~
<br />NEXT'fl MATURITY 3~
<br />
<br />6, 001,741.40
<br />
<br />MORGAN GUARANTY TRUST
<br />COMPANY OF NEW YORK
<br />
<br />SMITH, BARNEY & Co.~ INC.
<br />
<br />FIRST 3 MATURITIES 5.5~
<br />NEXT 7 MATURITIES 4~
<br />NEXT ~ MATURITIES 4.~0~
<br />NEXT 8 MATURITIES 4.5~
<br />
<br />NEXT 1t MATURITIES
<br />NEXT 4 MATURITIES 4.70~
<br />NEXT 1 NATUR !TY 3~
<br />
<br />6, 000, 077.00
<br />
<br />6,000,336.00
<br />
<br />FIRST NATIONAL CITY BANK
<br />MERRILL LYNCH~ PIERCE, FENNER & SMITH
<br />CBWL-HAYDEN STONE~ INC. FIRST 4 MATURITIES 5.30~
<br />INDUSTRIAL NATIONAL BANK NEXT 6 MATURITIES 4~
<br />BROWN BROTHERS HARRIMAN NEXT 2 MATURITIES 4.30~
<br />THE FIRST BOSTON CORPORATION
<br />MELLON NATIONAL BANK NEXT 8 MATURITIES 4,50~
<br />VIRGINIA NATIONAL BANK
<br />
<br />6,000, 792. O0
<br />
<br />SALOMON BROTHERS & ASSOC.
<br />
<br />FIRST 5 MATURITIES 5.50~
<br />NEXT tl MATURITIES 4.50~
<br />NExt 2 MATURITIES 4.80~
<br />NEXT 2 MATURITIES 3.5C~
<br />
<br />6, 01 O, 323. O0
<br />
<br />THE CHASE MANHATTAN BANK
<br />
<br />FIRST 11 MATURITIES
<br />NEXT 2 MATURITIES 4.5~
<br />NEXT 5 MATURITIES 4.7~
<br />NEXT 2 MATURITIES 3~
<br />
<br />'6, 004, 000. O0
<br />
<br />DREXEL FIRESTONE, INC.
<br />
<br />FIRST 11 MATURITIES 5~
<br />NEXT 4 MATURITIES
<br />NEXT 3 MATURITIES 4.80~
<br />NEXT 2 MATURITIES 3~
<br />
<br />6,000, 060. O0
<br />
<br />WERTHEIM & Co.
<br />
<br />FIRST 5 MATURITIES 5~
<br />NEXT 13 MATURITIES 4.80%
<br />NEXT MATURITIES 3%
<br />
<br />6, 000, 660. O0
<br />
<br />HALSEY-STUART & Co., INC.
<br />PHELPS, FENN & CO.
<br />
<br />FIRST 6 MATURITIES 6~
<br />NEXT 5 MATURITIES 4~
<br />NEXT 6 MATURITIES 4.75~
<br />NEXT 3 MATURITIES 4~
<br />
<br />6,000,600.00
<br />
<br />MR. HENDRIX REPORTED THAT AFTER CONSIDERATION OF THE ABOVE BIDS, HE DETERMINED THAT
<br />
<br />THE FOLLOWING BID BY CHEMICAL BANK WAS THE BEST BID RECEIVED, AND RECOMMENDED ACCEPTANCE
<br />OF THIS BID:
<br />
<br />MARCH 9, 1971
<br />
<br />THE CiTY MANAGER
<br />CItY OF CHARLOTTESVILLE
<br />CITY HALL
<br />CHARLOTTESVILLE~ VIRGINIA
<br />
<br />DEAR SIR:
<br />
<br /> FOR THE ~6,000,~000.00 CItY OF CHARLOTTESVILLE~ VIRGINIA, SCHOOL IMPROVEMENT BONDS,
<br />SERIES OF 1970, DESCRIBED IN THE ATTACHED NOTICE OF BOND SALE, WHICH tS HEREBY MADE A
<br />PART OF THIS BID~ WE SUBMIT THE FOLLOWING OFFER:
<br />
<br />FOR THE $6,000,000.00 CITY OF CHARLOTTESVILLE, VIRGINIA, SCHOOL IMPROVEMENT BONDS,
<br />SERIES OF 1970, DATED APRIL 1, 1971 AND MATURING ON APRIL lST~ IN EACH YEAR, AND BEARfNG
<br />INTEREST AS FOLLOWS:
<br />
<br />YEAR OF INTEREST YEAR OF INTEREST
<br />MATURITY PRINCIPAL AMOUNT RATE MATURITY PRINCIPAL AMOUNT RATE
<br />
<br />1972 $300, 000. O0
<br />t 9 73 300, 000. O0
<br />19?4 300, 000. O0
<br />1975 300, 000. O0
<br />1976 300, 000. O0
<br />1977 300, 000. O0
<br />1978 300, 000. O0
<br />1979 300, 000. O0
<br />1980 300, 000. O0
<br />1 981 300, 000o O0
<br />
<br />4g
<br />4~
<br />4~
<br />4~
<br />4g
<br />4~
<br />
<br />4¢
<br />
<br />4~
<br />
<br />982 $300, OOOo OD 4.4o~
<br />983 300, 000. O0 4.40J~
<br />984 300, 000. O0 4.40~
<br />985 300, 000. O0 4.40~
<br />986 300, 000. O0 4o 50~
<br />987 300, 000. O0 4.50~
<br />988 300, 000. O0 4.50~
<br />989 300, 000. O0 4.50~
<br />990 300, 000. O0 4.50~
<br />991 300, 000. O0 4.50~
<br />
<br />WE WILL PAY THE SUM OF SIX MILLION, SEVEN THOUSAND THREE HUNDRED AND FIVE DOLLARS
<br />$6,007,305. PLUS ACCRUED INTEREST FROM THE DATE OF THE BONDS TO THE DATE OF DELIVERY.
<br />
<br /> WE ENCLOSE HEREWITH A DULY CERTIFIED OR CASHIERfS OR TREASURERfS CHECK UPON AN
<br />INCORPORATED BANK OR TRUST COMPANY PAYABLE TO THE ORDER OF THE CITY TREASURER,
<br />CHARLOTTESVILLE, VIRGINIa, IN THE AMOUNT OF TWO PER CENT (~) OF THE FACE AMOUNT OF
<br />THE SAID BONDS (VIZ: $120,000.00) WHICH CHECK IS TO BE RETURNED TO US If THIS BID IS
<br />NOT ACCEPTED, OTHERWISE TO BE DEPOSITED BY SAID CITY TREASURER AND, WHEN THE BONDS
<br />
<br />
<br />
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