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�i • I I 0 BIDS RECEIVED HARRIMAN RIPLEY &- CO., INC. MILLER AND PATTERSON DETERMINED HIGHEST BIDDER BID OF HARRIMAN RIPLEY & CO., INC. MILLER AND PATTERSON ESTABROOK & CO. F. W. CRAIGIE & CO. - C. F. CASSELL & C0.39 INC. SMITH BARNEY & CO. R. S. DI CKSON & CO. , i NC. F I RST OF MICHIGAN CORPORATION BANKERS TRUST CO. TRUST COMPANY OF GEORGIA BRANCH, CASELL & CO. PEOPLES NATIONAL BANK STRADER, TAYLOR & CO. * BID ON ENTIRE ISSUE INTEREST RATE 1.60% 1. 600" 1.60% FIRST FIVE MAT. 2% NEXT FIFTEEN MAT. 12� 1. 60% ,A,MO U NT $275,439.73 275,107.25 275,297.99 275,137.50 275,025.50 276,990.48 AFTER CONSIDERATION OF SAID BIDS IT WAS DETERMINED THAT THE BID OF HARRIMAN RIPLEY & CO., INC. WITH MILLER AND PATTERSON, AS LISTED BELOW WAS THE HIGHEST BID RECEIVED. A MOTION BY MR. HAMM, SECONDED BY MR. H ADEN, THAT THIS BID BE ACCEPTED SUBJECT TO CONFIRMATION BY THE COUNCIL, WAS UNANIMOUSLY ADOPTED. JUNE 20, 1950 THE FINANCE COMMITTEE OF THE CITY OF CHARLOTTESVILLE, CHARLOTTESVILLE, VIRGINIA DEAR SIRS: FOR THE $275,000.00 CITY OF CHARLOTTESVILLE, VIRGINIA, GAS IMPROVEMENT BONDS, SCRIES OF 1950 DESCRIBED IN THE ATTACHED NOTICE OF BOND SALE, WHICH IS HEREBY MADE A PART OF THIS B1109 WE SUBMIT THE FOLLOWING OFFER THE BIDDER WILL FILL IN ONLY ONE OF THE TWO ALTERNATE BITS PROVIDED BELOW AND CROSS OUT THE OTHER: (1 ) FOR THE $275,000.00 GAS IMPROVEMENT BONDS BEARING INTEREST AT THE RATE OF � PER ANNUAO. (2) FOR THE FIRST FIVE MATURITIES ($759000.00) BEARING INTEREST AT THE RATE OF 1.60% PER ANNUM AND THE REMAINING FIFTEEN MATURITIES ($2009000.00) BEARING INTEREST AT THE RATE OF 12'-clo PER ANNUM. WE WILL PAY TWO HUNDRED SEVENTY" FIVE THOUSAND, ONE HUNDRED FOUR DOLLARS AND FIFTY CENTS . . . . . . . . . .$275,104.50 PLUS ACCRUED INTEREST FROM THE DATE OF THE BONDS TO THE DATE OF DELIVERY. WE ENCLOSE HEREWITH A DULY CERTIFIED OR CASHIER'S CHECK PAYABLE TO THE ORDER OF THE CITY TREASURER, CHARLOTTESVILLE, VIRGINIA, IN THE AMOUNT OF TWO (2y) PERCENTUM OF THE FACE AMOUNT OF THE SAID BONDS (viz: $5,500.00) WHICH CHECK IS TO BE RETURNED TO US IF THIS BID IS NOT ACCEPTED, OTHERWISE TO BE DEPOSITED BY SAID CITY TREASURER AND, WHEN THE BONDS ARE DELIVERED AND PAID FOR UNDER THE TERMS OF THIS BID, TO BE CONSIDERED AS PART PAYMENT THEREFOR, OR TO BE RETAINED AS AND FOR LIQUIDATED DAMAGES IN CASE WE FAIL TO TAKE UP AND PAY FOR THE BONDS. (SIGNED) HARRIMAN RIPLEY AND CO., INC. MILLER AND PATTERSON BY L. GORDON M I L L E R, JR. Pd'IILLER AND PATTER60N ON MOTION THE MEETING ADJOURNED. M. M. ,PENC,E (-SIGNED) H. A. H ADEN ( s I gNED) SECRETARY CHAIRMAN WE RESPECTFULLY RECOMMEND THAT YOU CONFIRM THE ACTION OF THE COMMITTEE AS ABOVE RECORDED. RESPECTFULLY SUBMITTED, FINANCE COMMITTEE R. A. HADEN ( S i GNED) S___F ._, H A ISA_ M, (SIGNED) A