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<br />REPORT OF
<br />FINANCE COMMITTEE
<br />RESULTS OF SALE
<br />MINUTES NUTES OF MEETING
<br />FINANCE COMMITTEE
<br />BIDDERS, INTEREST RATE
<br />AND AMOUNT.
<br />L
<br />JANUARY 109 1950
<br />TO THE MEMBERS OF THE CO UNC I L
<br />CITY OF CHARLOTTESVILLE, VIRGINIA
<br />GENTLEMEN:
<br />PURSUANT TO ORDINANCES ADOPTED BY THE COUNCIL SEPTEMBER
<br />26, 1949, AND DECEMBER 199 1949, SPREAD IN ORDINANCE BOOK 3,
<br />PAGES 81-8-89 AND 90-91-92 RESPECTIVELY, YOUR UNDERSIGNED
<br />FINANCE COMMITTEE W#S AUTHORIZED TO SELL AT PAR OR MORE, AN
<br />ISSUE OF -?9509000.00 CITY OF CHARLOTTESVILLE, SCHOOL IMPROVEMENT
<br />CEONDS, SERIES OF 19509 AS DESCRIBED AND SET FORTH IN SAID
<br />ORDINANCES.
<br />IN ACCORDANCE WITH SAID AUTHORITY THE FINANCE COMMITTEE
<br />RECEIVED SEALED BIDS AT A MEETING OF THE COMMITTEE HELD AT
<br />2:00 O'CLOCK P. M.9 E. S. To , ON JANUARY 1'1, 1950, FOR THE
<br />PURCHASE OF 69502000.00 CITY OF CHARI,OTTESV i LLE, SCHOOL
<br />IMPROVEMENT BONDS,SER I ES OF 1950, A COPY OF THE MI NUTES OF
<br />THIS MEETING IS LISTED BELOW:
<br />MINUTES OF THE MEETING OF THE FINANCE COivM I TTEE OF THE
<br />CITY OF CHARLOTTESVILLE HELD AT 2:00 O'CLOCK P. M.
<br />ON JANUARY 10, 1950.
<br />A MEETING OF THE FINANCE COMMITTEE OF THE CITY OF
<br />CHARLOTTESV I LLE, WAS HELD IN THE COUNCIL CHAMBER AT THE CITY
<br />HALL AT 2:00 O'CLOCK P. M.9 E. S. T. , ON THE 1nTH DAY OF JANUARY
<br />1950, PURSUANT TO A CALL BY THE CHAIRMAN, FOR THE PURPOSE OF
<br />RECEIVING AND CONSIDERING SEALED BIDS FOR THE PURCHASE OF
<br />89509000.00 CITY OF CHARLOTTESVILLE, SCHOOL IMPROVEMENT BONDS,
<br />SERIES OF 1950. PRESENT: MR. ADAMS AND MR. HADEN. ABSENT: MR.
<br />H A'MM.
<br />THE CHA 1 RMAN, MR. H. H. HADEN, PRESIDED AND MR. M. M. PENCE,
<br />DIRECTOR OF FINANCE, WAS DESIGNATED TO ACT AS SECRETARY OF THE
<br />MEETING.
<br />A COPY OF THE NOTICE OF BOND SALE OF X9509000.00 CITY OF
<br />CHARLOTTESVILLE, SCHOOL IMPROVEMENT BONDS, SERIES OF 10509 WAS
<br />PRESENTED, THE CHAIRMAN STATED THAT TH 1 S NOTICE OF BOND SALE
<br />HAD BEEN PU9LISHED IN THE BOND BUYER ON DECEMBER 30, 1949, AND
<br />HAD BEEN MAILED TO INTERESTED BOND HOUSES. THE SECRETARY WAS
<br />1111 RECTED TO TRANSMIT TO THE COUNCIL A COPY OF THE MINUTES OF
<br />THIS MEETING TOGETHER !'! 1 TH A COPY OF THE NOTICE OF BOND SALE.
<br />THE CHAIRMAN DIRECTED MR. JAMES E. BOWEN, JR. , CITY MANAGER,
<br />TO OPEN AND READ ALL = 1 DS RECEIVED UP TO 2:n0 O' CLOCK P. Mop
<br />,
<br />E. S. T. , AND TO RECORD THE SAME. THE FOLI_01i: I NG BIDS `d7ERE
<br />RECEIVED, OPENED AND RECORDED:
<br />BIDDEN INTfzFIFST_ _R_ATEQu-Nj
<br />J. P. MORGAN &- Coop INC. F I RST F I VE MAT. 2
<br />SCOTT, HORNER & MASON, INC. NEXT FIFTEEN MA.T. 1.40%
<br />trlcoD, GUNDY F-, CO. , INC. $950,522.50
<br />NATIONAL STATE BANK OF
<br />NEVIA RK
<br />MACKEY, DUNN &, CO. , INC.
<br />R. D. WH 1 TE & CO.
<br />THE CHASE NATIONAL BANK OF
<br />THE CITY OF NEW YORK
<br />BANKERS TRUST COMPANY
<br />SALOMON r. ROS. & HUTZLER
<br />SCOTT & STR i NGFELLOIA'
<br />MERCANTILE—COMMERCE BANK
<br />AND TRUST CO.
<br />THE l','l I LWAUKEE COMPANY
<br />�i*'JACHOV 1 A BANK �: TRUST CO.
<br />THE NATIONAL CITY BANK OF
<br />NEW YORK
<br />- GOLDMAN, SACH S c°- CO.
<br />STOUND Pc CO., INC.
<br />CROUSE & CO.
<br />GOODWYN c?- OLDS
<br />GUARANTY TRUST CO. OF N. Y.
<br />A. '.'JEBSTER DOUGH ERTY E, CO.
<br />ALEX. BROWN c-, SONS
<br />THE NORTHERN TRUST CO.
<br />UNION TRUST CO. OF IvIlARYLAND
<br />BLAIR �- CO., INC.
<br />A. C. BECKER R- CO. , INC.
<br />BACON, STEVENSON E- CO.
<br />FREEMAN �c COMPANY
<br />FIRST FIVE MAT. 1.00%
<br />(`NEXT FIFTEEN MAT. 1 . 50
<br />952,011.15
<br />FIRST FIVE MAT. 2.20%
<br />NEXT FIFTEEN PEAT. 1.4010;0' 9509180.50
<br />FIRST FiVE NEAT. 42-x'
<br />NEXT FIFTEEN MAT. 1-
<br />950,782.80
<br />1
<br />950,775.00
<br />•
<br />•
<br />�I
<br />�J
<br />950, 665.00
<br />FIRST
<br />FIVE MAT. 4.00%
<br />NEXT
<br />FIFTEEN MAT. 1.401
<br />9599747.95
<br />FIRST
<br />FIVE MAT. 50
<br />NEXT
<br />FIFTEEN MAT. 1
<br />950,323.00
<br />FIRST
<br />FIVE MAT. 4%
<br />NEXT
<br />FIFTEEN MAT. 1.2/0
<br />9689107.00
<br />FIRST
<br />FIVE MAT. 1Tf
<br />NEXT
<br />FIFTEEN MAT. 115 o
<br />$950,836.00
<br />1
<br />950,775.00
<br />•
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<br />�I
<br />�J
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