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~MPROVEMENT BONDS~ SERIES OF 1963~ DESCRIBED IN THE ATTACHED NOTICE OF BOND SALE~ WHICH IS HEREBY MADE A PART OF THIS BID, WE SUBMIT THE FOLLOWING OFFER: FOR THE ~3~500~000.00 CITY OF CHARLOTTESVILLE, VIRGINIA~ SCHOOL IMPROVEMENT BONDS~ SERIES OF 1963~ DATED JUNE 1, 1964 AND MATURING ON JUNE 1ST IN EACH YEAR, AND BEARING INTEREST AS FOLLOWS: YEAR OF PRINCIPAL INTEREST YEAR OF INTEREST HATURITY AMOUNT RATE MATURITY PRINCIPAL AMOUNT RATE 1965 ~175,000.00 1966 ~175,000.00 1967 ~175,000.00 1968 ~175,000.00 1969 ~175,000.00 1970 ~175,000.00 1971 $175,000.00 1972 ~175,000.00 1973 ~175,000.00 1974 ~175,000.00 1975 $175.,000o O0 2.80¢ 1976 ~ 175,000. O0 2.90~ 1977 ~ 175.., 000. O0 2.90~ 1978 ¢ 175.., 000. O0 2.90~ 1979 ¢¢175, 000. O0 2.90~ 1980 .~ 175, 000. O0 3.00~ 1981 ~175~,000. O0 3.00'~ 1982 ¢ 175~ 000. O0 3.00¢ 1983 ¢175,000. O0 3.00~ 1984 ~ 17 5, 000. O0 3.00~ WE WILL PAY~A~ ~ ~--~ ~,THE SUM OF THREE MILLION FIVE HUNDRED THREE THOUSAND FORTY FIVE 00/700 t~,~UJ, U~.LAJ) PLUS ACCRUED INTEREST FROM THE DATE OF THE BONDS AND TO THE DATE OF DELIVERY. ~E ENCLOSE HEREWITH A DULY CERTIFIED OR CASHIER'S OR TREASURER'S CHECK UPON AN INCORPORATED BANK OR TRUST COMPANY PAYABLE TO THE ORDER OF THE CITY TREASURER~ CHARLOTTESVILLE, VIRGINIA, IN THE AMOUNT OF TWO PER CENT (~¢) OF THE 'FACE AMOUNT OF THE SAID BONDS (VIZ: ~70,000.00) ~HICH 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. ALL PROPOSALS SHOULD BE ADDRESSED TO: THE CITY MANAGER CITY OF CHARLOTTESVILLE~ VA. P. O. Box 91l CHARLOTTESVILLE, VIRGINIA OR IF DELIVERED IN PERSON TO: CITY MANAGER'S OFFICE SECOND FLOOR - CITY HALL CHARLOTTESVlLLE~ VIRGINIA SIGNED WERTHEI'M & Co. (MANAGER) DEAN WITTER & Co. HEMPHILL~ NOYES & Co. GOODBODY & CO. BRADFORD & Coo TUC~ER~ ANTHONY & R. L. DAY BY WERTHEIM & Co, J. C. FiTTERER RESPECTFULLY RECOMMEND THAT YOU CONFIRM MY ACCEPTANCE OF THE ABOVE BID. RESOLUTION RE: ACCEPTANCE OF BID RESPECTFULLY SUBMITTED~ (SIGNED) JAS. E, BOWEN~ JR. CITY MANAGER ON MOTION BY MR. SCRIBNER, SECONDED BY ~R. ~OUNT~ THE FOLLOWING RESOLUTION WAS UNANIMOUSLY ADOPTED: BE IT RESOLVED BY THE COUNCIL OF THE CITY OF CHARLOTTESVILLE~ VIRGINIA, THAT THE SALE OF ~3>500~O00.00 CITY OF CHARLOTTESVILLE~ SCHOOL IMPROVEMENT BONDS, SERIES OF 1963, BEARING INTEREST ON THE FIRST 5 MATURITIES AT THE RATE OF 3.25~ PER ANNUM, ON THE NEXT 6 MATURITIES AT THE RATE OF ~.80~ PER ANNUM, ON THE NEXT 4 MATURITIES AT THE RATE OF 2.90~ PER ANNUM, AND ON THE NEXT 5 MATURITIES AT THE RATE OF 3.00~ PER ANNUM FOR THE SUM OF ~3,503~045.00 PLUS ACCRUED INTEREST FROM THE DATE OF THE BONDS TO THE DATE OF DELIVERY~ AS REPORTED BY THE CITY MANAGER~ BE AND THE SAME IS HEREBY APPROVED AND CONFIRMED. AND BE IT FURTHER RESOLVED THAT THE CITY MANAGER PROCEED TO HAVE SAID BONDS PREPARED AND DELIVERED TO THE SUCCESSFUL BIDDER UPON PAYMENT IN ACCORDANCE WITH THE TERMS OF THE BID. ON MOTION THE MEETING ADJOURNED. CLERK COUNC I L CHAMBER - JUNE 1, 1964 THE COUNCIL MET IN REGULAR SESSION ON THIS DATE WITH THE FOLLOWING MEMBERS PRESENT: MR. HAGGERTY~ MR. LEE, HR. HO~NT, ~R. PONTON AND HR. SCRIBNER. ABSENT: NONE. THE MINUTES OF THE MEETINGS OF ~AY ~8~ 1964 AND MAY 19~ 1964 WERE READ AND APPROVED.