|
$339,735.00 School Improvement Bonds Series of 1938 dated December 1,
<br />1933 and payable as follows:
<br />$ 9,735.00 on December 1, 1941.
<br />10,000.00 Annually on December 11 from 191,.2 to 1950, both inclusive.
<br />$ 12,000.00 Annually on December 1, from 1951 to 1960, both inclusive.
<br />15,000.00 Annually on December 1, from 1961 to 1968, both inclusive.
<br />Bonds are to be in the denomination of $1,000.00 each except bond Number 1
<br />which shall be in the denomination of X735.00. Principal and interest to be
<br />payable at the office of the City Treasurer, Charlottesville, Virginia. Interest
<br />to be payable semi-annually on the first day of June and December.
<br />Bidders are invited to name the rate of interest which the bonds are to
<br />bear, which must be in multiples of one-quarter of one percentum and must be
<br />the same for all of the maturities. In no case shall the rate exceed 5%. 110
<br />bid for less than par will be considered.
<br />Re, -,ort of
<br />Finance The purchaser will be furnished, without cost, the opinion of Messrs.
<br />Committee Thomson, ryood, and Hoffman, New York City, stating that the bonds are valid
<br />and binding obligations of the City of Charlottesville, Virginia.
<br />The City is legally obligated to annually levy a tax on all taxable
<br />property of the City sufficient to provide for the payment of the p'ri.ncipal
<br />and interest as the same respectively become due and payable.
<br />Bonds will be delivered to the purchaser on December 1, 1938 or as soon
<br />thereafter as is possible. Tile City of Charlottesville will pay the costs of
<br />printing and preparing said bonds.
<br />All proposals must be unconditional and be accompanied by a certified
<br />check payable to the City Treasurer, ChLrlottesville, Virginia, in amount of
<br />two percentum (2%) (viz:�,6,794.70) of the face amount of the bonds, said check
<br />to be immediately returned to the bidder if his bid is not accepted, otherwise
<br />to be deposited by the City Treasurer and., when the bonds are delivered and
<br />paid for under the terms of this bid, to be considered as part payment they-efor,
<br />or to be retained as and for liquidated damages in case the bidder fails to take
<br />up and pay for the bonds.
<br />The City of Charlottesville reserves the right to reject any or all bids.
<br />The Finance Committee wishes to state that there is no litigation pending
<br />or threatened against these bonds and that the City of Charlottesville, Virginia
<br />has never defaulted in any debt obligation.
<br />Any additional information relative to this bond issue or the financial
<br />condition of the City of Charlottesville, Virginia, as well as form of bid which
<br />must be used, may be obtained upon request to James E. Bov;en, Jr., City Auditor,
<br />Chariottesville, Virginia. (Copy of the form of bid prescribed is attached
<br />hereto) .
<br />JAS. E. B0'01EN, JR.
<br />Clem of the Council of the City of
<br />Charlottesville, Va.
<br />PROPOSAL
<br />November 19, 1938
<br />The Finance Committee of the
<br />City of Charlottesville, Virginia
<br />Charlottesville, Virginia
<br />Dear Sirs:
<br />For the $339,735-00 City of Charlottesville, Virginia School
<br />Improvement Bonds Series of 1938 described in the attached Notice of Bond
<br />Sale, which is hereby made a part of this bid, we will pay the sum of
<br />$340,710.04 THREE HUNDRED FORTY THOUSAND SEVEN HUNDRED TEN AND .........
<br />........................................................04/100 DOLLARS
<br />and accrued interest from the date of the bonds to date of delivery, at
<br />the rate of 2 1/4% interest.
<br />We enclose herewith a duly certified check payable to the order of
<br />the City Treasurer, Charlottesville, Virginia, in the amount of (2%) two
<br />percentum of the face amount of said bonds (viz: A6,79/+.70) which check
<br />is to be returned to us if this bid is not accented, otherwise to be
<br />deposited by said City Treasurer and, when the bonds are delivered and
<br />paid for under the terms of this bid, to be considered as part payment
<br />therefor, or to be retained as and for liquidated damages in case we
<br />fail to take up and pay for the bonds.
<br />(sinned) iMERCANTILE-CO�,VJERCE BANK & TRUST
<br />COMPANY OF ST. LOUIS
<br />MILWAUKEE COMPANY of 'Mils aukee
<br />By W. P. Sha_r_oe
<br />Agent
<br />14 Wall Street
<br />New York, New York
<br />
|