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I
<br />THE COUNCIL MET IN SrECIAL 3LSSION GN THIS U.ATt WITH THE FOLLOWING MEMIJERS
<br />In E M PI d- r•_ ra WiTINBERG, ABSENT: MR, DAVIS.
<br />PRESENT: FO RC�J, � �. ALL, I.Ft. tLstLL AidU F•. !
<br />THE FOLLOWING REPORT OF THE FINANCE COFIMITTEE GIVING THE RESULT OF THE SALE
<br />OF $1 , 17`_x, i0U.00 CITY OF CHARLOTTESVILLE WATER AND SCHOOL IMPROVEMENT BONDS, 'WA$
<br />PRE5ENTFD AND CONSIDERED:
<br />OCTOBER 22, 1953
<br />TO THE MCHBERS OF THE COUNCIL
<br />CITY OF CHAPLOTTESVII_L.L, VIR+INIA
<br />GENTLEMEN:
<br />PURSUANT TO ORDINANCES ADOPTED DY THE COUNCIL ON .DUNE 15, 1953
<br />AND SEPTEMULR 21, 1953, SPREAD IN ORDINANCE. BOOK 3, PACES 181-183 AND
<br />PAGES lG3-184, YOUR UNDERSIGNED FINANCE COMM I TT _E WAS AUTHORIZED 1'O SELL
<br />AT RAR OR MORE, AN ISSUE OF $950,000.00 CITY OF" CHARLOTTESVILLE SCHOOL
<br />IMPROVEMENT HENT BONDS, SERIES OF 1953, AND PURSUANT 10 ORDINANCES ADOPTED
<br />BY 1HE COUNCIL. ON FEBRUARY 21, 1949 AND APRIL 4, 1949, SPREAD IN
<br />BOOK
<br />iii<D I NA:JCE uvGK 3 PAGES 5559, YOUR 11fJDE R:, I GNED FINANCE ;✓G"!tA 1 T TEE 11A5
<br />M
<br />AUTHORIZEU TO SELL AT PAR Cif: MOWE, AN ISSUE OF $225,000.00 CITY OF
<br />CHARLOTTVSVILLL HATER lMPRGVCME.NT BONUS, SERIES 3F 1949, BEING PART
<br />OF AN IjSUE OF $875,000.00 AS DESCRIBED AND SET FORIM 11 SAID ORDINANCES,
<br />AND ALSO AS AUTHORIZED BY APPROVAL OF F INAUgE COMMITTEE'S REPORT AND
<br />F?ECOMMENDAT I ON AT THE ClUNC I L MLL T I NG HELD ON OC i OBER 5, 195.3.
<br />REPORT OF FINANCE COMMITTEE
<br />RE: SALE OF BONDS
<br />IN ACCORDANCE 1,'FTH SAID AUTHGItITY THE FINANCE CialltilTTEF_ kECE:1`✓CD
<br />SEALED UIDS AT A tLLrING OF THE GOMMITE'r:E HELD Ai" 2:00 O'CLOCK P. til.,
<br />E, S. T., ON OCTUaCP. 22, 1953 FOR TIHE PURCHASE of THE �1,17J,`vCU.vU
<br />CITY OF CHARLOTTESVILLE BONDS DATED N6VEMUC I& 1, 1;53. A COPY OF T'HE
<br />MINUTES OF THIS IALETING 15 LISTED BELOW:
<br />MINUTES Or THE MEET I iNG OF TAL F I NANCE COMMITTEE OF THE CITY OF
<br />CHARL.OTTE Sri• ILLL ITLD AT 2: UU O'CLOCK P. %, E. S. T. OCTOBER 22, 1953
<br />A MEETING OF THE FINANCE COMMITTEE OF THE IIT`r' OF SHARLOTTE_5VILLE
<br />WAS HELD IN THE COUNCIL CHAMBER AT THE CITY BALL AT 2:00 O'CLOCK P. M.,
<br />E. S. T. ON THE 22ND DAY OF OCTOBER, 1953 PURSUANT TO A CALL By THE
<br />CHAIRMAN, FOR THE PURPCLi. OF RECEIVING AND CJNSIDER1NG SEALED AIDS
<br />FOR THE PURCHASE OF 950,000.00 CIT`/ OF CHAaLOTTESVI.LL SCHOOL IMPROVE—
<br />MENT BONDS, SEPI'S OF 1953 AND $225,OOU.00 CITY Or CHARLOTTESVILLE WATER
<br />IMPROVEMENT BOND`i, .SLRIZS CE 1949, WITH THE FOLLOWING 1.L06ERS PRESLNT:
<br />MR, FARBCy, MR. QUELL AMD MR. WEINBERG, ABSENT: NONE.
<br />THE CHAIRMAN, MR. WEINBERG, PRESIDED, AND MR. .SAS. E, MEN, JR.,
<br />CITY MANAC R, WAS DE I'aNATED TO ACT AS SECRE. I A'RY OF THE MEE r I NG.
<br />A COPY OF THE NOTICE OF BOND SALE OF $1,175,000.00 CIT`( OF CHARLOTtESVILLE,
<br />VIRGINIA BONDS WAS PRESENTED. THE CHAIRMAN STATED THAT THIS NOTICE OF SALE
<br />HAD BEEN PUUL_1SHED IN THE WIND BUYER ON OCTOBER 7, 1953, AND HAD BEEN MAILED TO
<br />SECRETARY
<br />INTERESTED BOND HOUSES. THE 'CHAIRMAN DIRECTED THE SECRETARY TO OPEN AMD READ
<br />ALL BIDS RECEIVED UP YO 2:00 O'CLOCK P. M., E. S. T., AND TO RECORD THE SAME,
<br />THE FOLLOWINC BIDS WERE RECEIVED, OPENED AND RECORDED:
<br />B II .8
<br />i X11=_ZEST _ All
<br />''_tAS2si PJ,T
<br />CHEMICAL BANK & TRUST CO.
<br />FIRST EIGHT NAT. '� cl
<br />KEAN, TAYLOR & CO.
<br />%EAT IYLLVE MAT. 2'& -
<br />PARK, RYAN, INC.
<br />$1,175,386.58
<br />WHITE, WELD AND CO.
<br />2.''
<br />TRUST CO. OF GEORGIA
<br />BIDS RECEIVEDW F Y'
<br />I'IA�, 1 NE TRUST CO. OF EST-P.N I+... Y.
<br />COURTS AMD COMPANY
<br />$1,178042.50
<br />EASTMAN, D ILI_ON & Co.
<br />F12ST NINETEEN "AT. 2;
<br />CENTRAL ?nPUBL I S CO.
<br />NEXT ONE "AT. 104%0
<br />j. C, WHEAT & CO.
<br />INVESTMENT CORP. OF NORFOLK
<br />BRANCH, CABELL &-CO.
<br />$1,175,OC9.50
<br />J. P. MORGAN & CO., INC.
<br />FIRST EIGHT MAT. 2.20,
<br />AND ASSOCIATE5
<br />NEXT TWELVE MAT. 2%
<br />$1,175,17%3.00
<br />GUARANTY TRUST CO. OF N. Y.
<br />FIRST FOUR ;.IAT. 34%
<br />!TACHE & CO.
<br />NEXT SIXTEEN '•IAT. 2'
<br />A, W BnTER VOUGHLRTY & CO.
<br />$1,175,346.75
<br />THE CHA'bc hATIONAL BAnK FIRST THREE 'AAT. 5%
<br />ANDERSON & STRUDWICK NEXT SEVENTEEN MAT. 2,
<br />BURR,
<br />CO, F F N AND BURR, INC.
<br />WYLLIE & THORNHILL $1,150,700.06
<br />PHELPS, FENN & CO. FIRST SIXTEEN MAT. 2f'
<br />B. J. VAN INGEN & CO. NEXT FOUR MAT. 2.20%
<br />MASON—HAGFN, INC.
<br />THE BANK OF WGINIA $1,176,071.60
<br />
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