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Report of
<br />Finance
<br />Committee
<br />For the $150,000.00 City of -Charlottesville, Virginia General
<br />Improvement Bonds Series of 1939 described in the attadhed Notice
<br />of Bond Sale, which is hereby made a part of this bid we will pay
<br />the s,am of........................................$151,259.85
<br />ONE HUNDRED FIFTY ONE THOUSAND T T7'O HUNDRED FIFTY NITFE AND EIGHTY
<br />FIVEHUNDREDTHS .......................................DOLLARS
<br />and accrued interest from the dL..te of the bonds to date of delivery,
<br />at the rate of 1 3/4° interest.
<br />We enclose herewith a duly certified check payable to the
<br />order of the City Treasurer, Charlottesville, Virginia, in the
<br />amount of (2%) two percentum of the face amount of the said bonds
<br />(viz: X3,000.00) which check, is to be returned to us if this bid
<br />is not accepted, otherwise to be deposited by said City Treasurer
<br />and, when the bonds are delivered and paid for under the terms of
<br />this bid, to be considered as part payment t?.erefor, or to be re-
<br />tained as and for liquidated damages in case we fail to ta',le up
<br />and pay for the bonds.
<br />(signed) SMITH, BARNEY & COMPANY
<br />Of 1/+ Wall Street, Nev York City
<br />By C. C. Hardwick
<br />All proposals should be addressed to:
<br />The Finance Committee
<br />c/o James E. Bowen, Jr.
<br />City auditor
<br />P. 0. Box 198
<br />Charlottesville, Va.
<br />Or if delivered in person to:
<br />Tjze City Auditor t s Office
<br />in the City Hall
<br />Charlottesville, Virginia.
<br />MINUTES OF THE MEETING OF THE FITvANCE COMMITTEE HELD AT 12:00
<br />O'CLOCK NOON ON THE 5th DAY OF JUNE, 1939.
<br />June 5, 1939
<br />A meeting of the Finance Committee of the City of Charlottesville 1
<br />was held in the Council Chamber at the City Hall at 12:00 o'clock Noon,
<br />E. S. T.., or, the 5th day of June, 1939, at which all members were present.
<br />Mr. Jessup presided as Chairman, and Mr. James F. Bonen, Jr., Clerk
<br />of the Council, who was also present, was directed to act as Secretary.
<br />Mr. Bowen rejorted that the Notice of Bond Sale of w1502000.00 City of
<br />Charlottesville General Improvement Bonds, Series of 1939, as adopted by
<br />the Finance Committee and approved by the Council, all of which appears
<br />in the minutes of the meeting of the Council held on May 15, 1939, was
<br />published in The Daily Bond Buyer on May 23, 3939, and that a copy of
<br />said Notice was mailed to all interested bond houses. A copy of said
<br />Notice of Bond Sale and Form of Bid was presented, and the Secretary was
<br />directed to attach a copy of said Notice of Sale anti. the bid of the
<br />successful bidder to the report of the Finance Committee to the City
<br />Council.
<br />The Chairman, Mr. Jessup, proceeded to open all of the bids w1iich
<br />had been received, and they were recorded by the Secretary as follows:
<br />Total
<br />Interest
<br />Name
<br />Amount
<br />Rate
<br />Smith, Barney & Company, Inc.
<br />x`151,259.85
<br />11?
<br />F. E. Nolting & Co.
<br />B. J. Van Ingen & Co.
<br />152,269.50
<br />2
<br />R. M. Armistead
<br />Milwaukee Company
<br />w`iercantile-Commerce Bank &
<br />1512136.50
<br />2%
<br />Trust Company
<br />Pohl & Company, Inc.
<br />151,055.55
<br />2L%
<br />First of Michigan Corp.
<br />1512229.85
<br />2`^
<br />The Weil, Roth & Irving Co.
<br />150,814-00
<br />2.4 j'
<br />R. 71'. Pressprich & Co-rpany
<br />Robert C. Jones & Cofnpany
<br />1511663.50
<br />2%
<br />Granberry & Company
<br />Charles A. Hinsch & moo., Inc
<br />151,620.00
<br />2°
<br />John Nuveen & Company
<br />
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