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MAY 18.., 1964
<br />
<br />TAKE NOTICE
<br />
<br />A SPECIAL MEETING OF THE COUNCIL WILL BE HELD TOMORROW THE 19TH INST.
<br />
<br />AT 12:00 O"CLOCK E. S. T.
<br />
<br />TO RECEIVE AND CONSIDER CITY MANAGERtS REPORT ON
<br />SALE OF ~3,500,000.00 SCHOOL IMPROVEMENT BONDS,
<br />SERIES OF 3963.
<br />
<br />BY ORDER OF
<br />
<br />J. S. RU.S.,~ JR. (SIGNED)
<br /> CLERK
<br />
<br />B. J. HAGGERTY (SIGNED)
<br />
<br />PRESIDENT
<br />
<br />THE COUNCIL MET IN SEECIAL SESSION ON THIS DATE WITH THE FOLLOWING MEMBERS
<br />
<br />PRESENT: MR. HAGGERTY, HR. LEE, HR. MOUNT, HR. PONTON AND HR. SCRIBNER. ABSENT: NONE.
<br />
<br />THE FOLLOWING REPORT OF THE CITY MANAGER GIVING THE RESULT OF THE SALE OF
<br />
<br />~3,500,000.00 CITY OF CHARLOTTESVILLE, SCHOOL IMPROVEMENT BONDS, SERIES OF 19637
<br />
<br />WAS PRESENTED AND CONSIDERED:
<br />
<br />MAY 19, 1964
<br />
<br />TO THE HEMBERS OF THE COUNCIL
<br />CITY OF CHARLOTTESVILLE, VIRGINIA
<br />
<br />GENTLEMEN:
<br />
<br />PURSUANT TO ORDINANCES ADOPTED BY THE COUNCIL ON SEPTEMBER 30, 1963 AND MAY
<br />
<br />1964, SPREAD IN ORDINANCE BOOK 4, PAGES 1 AND 2 AND PAGES 20, 21 AND 22,
<br />
<br />RESPECTIVELY~ ! WAS AUTHORIZED TO SELL AT PAR OR MORE, AN ISSUE OF ~3,500,000.00
<br />
<br />CITY OF CHARLOTTESVILLE, SCHOOL IMPROVEMENT BONDS, SERIES OF 1963.
<br />
<br />A COPY OF THE NOTICE OF BOND SALE OF ~3,500,000.00 CITY OF CHARLOTTESVILLE,
<br />
<br />SCHOOL IMPROVEMENT BONDS, SERIES Or 1963, WAS PUBLISHED IN THE DAILY BOND BUYER
<br />
<br />ON MAY 1, 1964, AND COPIES OF SAID NOTICE WERE MAILED TO INTERESTED BOND HOUSES.
<br />
<br />IN ACCORDANCE WITH SAID AUTHORITY I RECEIVED THE FOLLOWING SEALED BIDS AT
<br />
<br />12:00 O'CLOCK NOON, E. S. T., MAY 19, 1964, FOR THE PURCHASE OF ~3,500,000.00
<br />
<br />CITY OF CHARLOTTESVILLE, SCHOOL IMPROVEMENT BONDS~ SERIES OF 1963, DATED JUNE
<br />
<br />964:
<br />
<br />BIDDER
<br />
<br />WERTHEIM & Co.
<br />DEAN WITTER & Co.
<br />HEMPHILL, NOYES & Co.
<br />GOODBODY & Co.
<br />J. C. BRADFORD & Coo
<br />TUCKER, ANTHONU & R. L. DAY
<br />
<br />INTEREST RATE
<br />FIRST 5 MATUR'[TIES 3.25~
<br />NEXT 6 MATURITIES 2.80~
<br />NEXT 4 MATURITIES 2.90~
<br />NEXT 5 MATURITIES 3.0C)~
<br />
<br />AMOUNT
<br />
<br />~3, 503,045. O0
<br />
<br />CHEMICAL BANK NEW YORK
<br />TRUST COMPANY &
<br />ASSOCIATES
<br />
<br />FIRST 3 MATURITIES 5.C)0~
<br />NEXT 9 MATURITIES 2.80~
<br />NEXT 4 MATURITIES 2.90~
<br />NEXT 4 MATURITIES 3.00~
<br />
<br />503, 820. O0
<br />
<br />THECHASE MANHATTAN BANK
<br />AND ASSOCIATES
<br />
<br />FIRST 3 MATURITIES 4.00~
<br />NEXT 5 MATURITIES 2.75~
<br />NEXT 6 MATURITIES 2.9C~
<br />NEXT 6 MATURITIES 3.00°~
<br />
<br />3, 502,450. GO
<br />
<br />PHELPS, FENN & Co. AND
<br />ASSOCIATES
<br />
<br />FIRST 3 MATURITIES 3.50~
<br />NEXT 5 MATURITIES 2.75~
<br />NEXT 2 MATURITIES 2.80°~
<br />NEXT. 10 MATURITIES 3.00~
<br />
<br />3, 500, 490. O0
<br />
<br />THE FIRST BOSTON CORPORATION
<br />MELLON.NATIONAL BANK & TRUST
<br />COMPANY
<br />VIRGINIA NATIONAL BANK
<br />
<br />FIRST 3 MATURITIES 4.25~
<br />NEXT 7 MATURITIES 2.80~
<br />NEXT 4 MATURITIES 2.90~
<br />NEXT 6'MATURITIES 3.0C~
<br />
<br />500, 787.50
<br />
<br />THE FIRST NATIONAL BANK OF
<br />CHICAGO
<br />BANKERS TRUST COMPANY
<br />SALOMON BROTHERS & HUTZLER
<br />WOOD, STRUTHERS & Co.~ INC.
<br />WILLIAM BLAIR & COMPANY
<br />SCOTT & STRINGFELLOW
<br />ALLAN BLAIR & COMPANY
<br />BURNS, CORBETT & PICKARD, INC.
<br />
<br />FIRST MATURITY 5.00~
<br />NEXT MATURITY 4.75~
<br />NExT 13 MATURITIES 2.90~
<br />NEXT 5 MATURITIES 3.0C~
<br />
<br />3,500,027.00
<br />
<br />WACHOVIA BANK & TRUST COMPANY
<br />AND ASSOCIATES
<br />
<br />FIRST 3 MATURITIES 5.00°~
<br />NEXT 5 MATURITIES 2.75~
<br />NEXT 7 MATURITIES 2.90~
<br />NEXT 5 MATURITIES 3.00~
<br />
<br />502,660. O0
<br />
<br />
<br />
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