1962-07-25 - Laserfiche WebLink

Home Browse Search

FIRST NATIONAL CiTY BANK HERRILL LYNCHs PIERCE~ FENNER & SMITHs INC. HAYOENs STONE & COMPANY INDUSTRIAL NATIONAL BANK OF RHODE ISLAND BROWN BROTHERS HARRIMAN & COMPANY C. F. CHILDS ~ COMPANY JONESs KREEGER COMPANY BLYTH & COMPANY~ INC. ESTABROOK & COMPANY EQUITABLE SECURITIES CORPORATION R. S. DICKSON & Co.~ INC. BRAUN~ BOSWORTH & COMPANY~ INC. F. W. CRAtGIE ~ COMPANY FOLGERs NOLAN~ FLEMING & Co.~ INc. STEIN BR'OS. & BOYCE HASON & LEE~ INc. SMITHs BARNEY & COMPANY EASTMAN DILLON~ UNION SECURITIES COMPANY Fo So MOSELEY & COMPANY J. C. WHEAT & COMPANY BACON STEVENSON ~ COMPANY C. F. CASSELL ~ Coo~ INC. FIRST 3 MAT. 5.00~ NEXT 5 MAT. 2.50~ NEXT 3 MAT. 2.75~ NEXT 9'MAT. 3.00~ FIRST 10 MAT. 2.75~ NEXT 6 MAT. 3. O0~ NEXT 4 MAT. 3.10~ FIRST I MAT. 5.00~ NEXT 9 MAT. 2.75~ NEXT 8 MAT. 3.00~ NEXT 2 MAT. 3.10~ ~3~, O0 ! ~ 935. O0 ~3~ 002~ 205. OD ~3~ 000~ 000. O0 AFTER CONSIDERATION OF THE ABOVE BIDS I DETERMINED THAT THE FOLLOWING BID BY MORGAN GUARANTY TRUST COMPANY OF .NEW YORK AND ASSOCIATES WAS THE HIGHEST BID RECEIVED AND THEREFORE~ SUBJECT TO CONFIRMATION BY THE COUNCIL, i ACCEPTED THIS BID: JULY 25, 1962 THE CITY MANAGER CITY OF CHARLOTTESVILLE CITY HALL CHARLOTTESVILLE~ VIRGINIA DEAR SIR: FOR THE ~3~000~000.00 CITY of CHARLOTTESVILLE~ VIRGINIAs WATER IMPROVEMENT BONDS~ SERIES Of 1962~ DESCRIBED IN THE ATTACHED NOTICE Of BOND SALE~ WHICH IS HEREBY MADE A PART OF THIS BID~ WE SUBMIT THE FOLLOWING R· OFFE FOR THE ~3~000~000.00 CITY OF CHARLOTTESVILLE~ VIRGINIA~ WATER IMPROVEMENT BONDS~ SERIES OF 1962~ DATED AUGUST 1~ 1962~ AND MATURING ON AUGUST IS'T~ IN EACH YEAR~ AND BEARING INTEREST AS FOLLOWS: YEAR OF PRINCIPAL AMOUNT INTEREST YEAR Of MATURITY RATE MATURITY 1963 ~150,000.00 1964 ~I50,000.00 1965 ~150~000.00 1966 ~150~000.00 1967 ~150~000.00 1968 ~150~000.00 1969 ~t50~000.00 1970 ~150~000.00 1971 ~150~000.00 1972 ~150s000.00 1973 1974 1975 1976 1977 1978 1979 1981 PRINCIPAL AMOUNT INTEREST RATE ~ 150,000. O0 3.00~ 150, 000. O0 3.00~ 150~ 000. O0 3.00~ ~150, 000. O0 3.00~ ~ 150, 000. O0 3.00~ ! 150~ 000.00 3.00~ 150~ 000.00 3.00~ 150~ 000. O0 3.00~ ~ 150, 000. O0 3.00~ ~ 150, 000. O0 3, 00~ WE WILL PAY THE SUM OF THREE MILLION TWO THOUSAND FOUR HUNDRED THmRTY-EIGHT AND No/lO0 (~3,002~438.00) PLUS ACCRUED INTEREST FROM THE DATE OF THE BONOS TO THE DATE OF DELIVERY. WE ENCLOSE HEREWITH A DULY CERTIFIED OR CASHIER'S CHECK PAYABLE TO THE ORDER OF THE CITY TREASURER~ CHARLOTTESVILLE, VIRGINIAs IN THE AMOUNT OF TWO PER CENT (2~) OF THE FACE AMOUNT OF THE SAID ~DNOS (VIZ: ~60sO00.O0) WHICH CHECK I$ TO BE RETURNED TO US IF THIS BID IS NOT ACCEPTED, OTHERWISE TO BE DEPOSITED BY SAID CITY TREASURER .ANDs WHEN THE BONDS ARE DELIVERED AND PAID FOR UNDER THE TERMS OF THIS BID~ TO BE CONSIDERED AS PART PAYMENT THERE- FOR~ OR TO BE RETAINED AS AND FOR LIQUIDATED DAMAGES IN CASE WE FAIL TO TAKE UP AND PAY FOR THE BONDS. ALL PROPOSALS SHOULD BE ADDRESSED TO: THE CITY MANAGER CITY OF CHARLOTTESVILLEs VA. P. O. Box 911 CHARLOTTESVILLE~ VIRGINIA OR If DELIVERED IN PERSON TO: (SIGNED) MORGAN GUARANTY TRUST COMPANY OF NEW YORK AND ASSOCIATES BY: MORGAN GUARANTY TRUST COMPANY Of NEW YORK (SIGNED) JOHN G. THOMPSON CITY MANAGER'S OFFICE SECOND FLOOR - CITY HALL CHARLOTTESVILLE~ VIRGINIA BY JOHN G. THOMPSON - ASSISTANT VICE PRESIDENT J RESPECTFULLY RECOMMEND THAT YOU CONFIRM MY ACCEPTANCE OF THE ABOVE BID. RESPECTFULLY SUBNITTED~ (SIGNED) JAS. E. BowENs JR. CiTY MANAGER