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62
<br />MINUTES OF THE MEETING OF THE FINANCE COMMITTEE OF THE
<br />CITY OF CHARLOTTESVILLE HELD AT 2:00 O'CLOCK P. M., E. S. T.
<br />JANUARY 8, 1958
<br />A MEETING OF THE FINANCE COMMITTEE OF THE CITY OF CHARLDTTESYILLE WAS HELD
<br />IN THE COUNCIL CHAMBER AT THE CITY HALL AT 2:00 O~CLOCK P. M., E. S. T. ON THE
<br />8TH DAY OF JANUARY, 1958 PURSUANT TO A CALL BY THE CHAIRMAN, FOR THE PURPOSE
<br />OF RECEIVING AND CONSIDERING SEALED BIDS FOR THE PURCHASE OF $1,200,000.00
<br />CITY OF CHARLOTTESVILLE SCHOOL IMPROVEMENT BONDS, SERIES OF 1957, WITH THE
<br />FOLLOWING MEMBERS PRESENT: MR. COLEMAN, MR. MICHIE AND MR. WEINBERG,
<br />THE CHAIRMAN, MR. WEINBERG, PRESIDED, AND MR. JAS. E. $OWEN, JR., CITY
<br />MANAGER, WAS DESIGNATED TO ACT AS SECRETARY OF THE MEETING.
<br />A COPY OF THE NOTICE OF $OND SALE OF $1,200,000.00 CITY OF CHARLOTTESVILLE
<br />SCHOOL IMPROVEMENT BONDS, SERIES OF 1957 WAS PRESENTED. THE CHAIRMAN STATED
<br />THAT THIS NOTICE OF SALE HAD BEEN PUBLISHED IN THE BOND BUYER ON DECEMBER 3O,
<br />1957, AND HAD BEEN MAILED TO INTERESTED BOND HOUSES. THE CHAIRMAN DIRECTED
<br />THE SECRETARY TO OPEN AND READ ALL BIDS RECEIVED UP TO 2:00 O~CLOCK P. M.,
<br />E. S. T., AND TO RECORD THE SAME. THE FOLLOWING BIDS WERE RECEIVED:
<br />BIDDER INTEREST RATE AMOUNT
<br />THE FIRST BOSTON CORPORATION
<br />PEOPLES NATIONAL BANK OF CHARLOTTESVILLE
<br />STRADER & COMPANY, INC. 3 MAT. 5~
<br />R. H. BROOKE & COMPANY 17 MAT. 2.40 1,202,158.80
<br />J. P, MORGAN $c CO. AND ASSOCIATES 2~ 1,200,794.00
<br />WHITE, WELD 8c CO.
<br />BIDS RECEIVED: 1,200,000.00 TRUST CO. OF GEORGIA
<br />CITY OF CHARLOTTESVILLE THE MARINE TRUST CO. OF WESTERN N. Y.
<br />SCHOOL IMPROVEMENT BONDS, COURTS $~ CO.
<br />SERIES OF 1957 MASON-HAGAN, INC. 8 MAT. 2-1~4,~
<br />12 MAT. 2.60$ 1,200,960,00
<br />GUARANTY TRUST CO. OF N. Y.
<br />BACHE H~ CO.
<br />A. WEBSTER DOUGHERTY & CO. 1O MAT. 2~
<br />A. G. EDWARDS & SONS 10 MAr. 2.55 1,200,372.00
<br />ALEX . $ROWN 8c SONS
<br />THE NORTHERN TRUST CO.
<br />E.F. HUTTON & CO. 3 MAT. 5~
<br />AUCHINCLDSS, PARKER $. REDPATH 17 MAT. 2~ 1,200,078.00
<br />SMITH, $ARNEY & CO.
<br />F. S. MOSLEY & Co.
<br />C. F. CASSELL & Co. 4 MAT. 4-1~4~
<br />J. C. WHEAT & CO. 16 MAT. 2~ 1,200,180.00
<br />LEHMAN $RO7HERS
<br />C. J. DEViNE & CO.
<br />REYNOLDS 8c. CO. 2.60 1,200,600.00
<br />THE FIRST NATIONAL C17Y BANK OF N. Y. 4 MAT. 5~
<br />MERRlLL, LYNCH, PIERCE, FENNER & BEANE 16 MAT. 2~ 1,200,198.00
<br />HALSEY, STUART & CO. & ASSOCIATES 2 MAT. 5~
<br />18 MAT. 2.60 1,201,908.00
<br />$LYTH ~ CD., INC.
<br />R. S. DICKSON & Co.
<br />STEIN, $ROS. 8c BDYCE 5 MAT. 4
<br />15 MAT. 2~ 1,200,384.00
<br />THE FIRST NATIONAL BANK OF CHICAGO
<br />WILLIAM GLAIR & CO.
<br />WOOD, STRUTHERS Bc CO. 11 MAT. 2-3~4~
<br />BURNS, CORBETT $~ PiCKARD, INC. 9 MAT. 2.60 1,200,565.00
<br />ESTABRDDK & CO.
<br />EQUITABLE SECURITIES CORP.
<br />BRUAN, BOSWDRT.H & CO.
<br />F. W. CRAIGIE & CO.
<br />FDGLER, NOLAN &. FLEMING
<br />W. B. HIBBS & Co. 2.65$ 1,200,708.00
<br />' HARRIMAN RIPLEY & CO.
<br />R. W. PRESSPRICH & CO.
<br />MILLER Bc PATTERSDN
<br />FIELD, RICHARDS & Co. 2.65 1,203,348.00
<br />CHEMICAL CORN EXCHANGE BANK
<br />KERN, TAYLOR & CO.
<br />PARK, RYAN, INC.
<br />MODEL, ROLAND $~ STONE 2.70 1,203,238.80
<br />MERCANTILE TRUST CO. OF ST. LOUIS 9 MAT. 2~
<br />11 MAr. 2-3~4~ 1,200,279.00
<br />THE CHASE MANHATTAN BANK
<br />ANDERSON & STRUDWICK
<br />HANNAH, BDLLIN ~ LEE
<br />WYLLIE & THDRNHILL 2.70 1,200,948.00
<br />.~
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