Laserfiche WebLink
April 16, 1964 <br /> <br /> At s called meeting of the City Council, he~d au ~welve o'clock noon, on April 16, 1964, there <br />were present: <br /> <br />R. Irvine Emith, C. S. Atkinson, Jack P. Barnes, John L. Dillon, L. ~L. Kni:ght, <br />A. P: Johnson, Jr., City Manager, and M. A. Kerb, Jr. City Attorney. <br /> -Absent: George D.'Easzes <br /> <br />W. T. Lesry, <br /> <br /> The meeting was opened with prayer by Mr. Smith. <br /> <br /> The following call for'the meeting was read: <br /> <br /> "Please aztend a called meeting of the City Council, in the Conncil Chamber, at 12 o'clock <br />noon on Thursday, April 16, 1964, to consider 'awarding the'bid on the sale of $g,480,000.00 General Obligation <br />Bonds." - <br /> <br />64-gl - The following communication from the City Manager was read: <br /> <br /> "Bids were opened az 11:00 a.m. <br />Bids were as follows: <br /> The First Boston Corporatl.on <br /> The Chase Manhattan Bask <br /> Kidder, Peabody and Company <br /> Morgan Guaranty Trus~ Company, New York <br /> Continental Illinois National Bank ~ T~ust Company <br /> Commerce Trust Company, Kansas City, Mo. <br /> First National City Bank, New York <br /> Phelps, Fenn & C~pany & Associates <br /> White, Weld ~ CpmPa~ny <br /> Lehman Br~the~s <br /> F.S~ Smithers & Company <br /> Shields~ ~Company~ <br /> Blyth & Company, Inc, <br /> Eastman, Dillon, Union Securities Company <br /> Ealsey,' Stuart & Company ~ <br /> Bankers Tr~st Company <br /> The Northern Trust Company <br /> The First Ndtional Bank ~£ Chicago <br /> <br />today for the sale of $2,400,00G.00 of General ,Ohlig~tion, Bonds/ <br /> <br /> 3..1589 <br /> $.1602 <br /> 311685 <br /> 3.L6901 <br /> 3.17476 <br /> 3.179476 <br /> 3.1823~ ' <br /> 3.1857 <br /> 3~18~ <br /> 3~1898 <br /> 3~9~ <br />.3.~19133 <br /> 3.19266 <br /> 3~9538 <br /> 3~19~85 <br /> 3,206133 <br /> 3.212456 <br /> 3.2t~285 <br /> <br /> The First Boston Corporation being_the low bidder; I recommend that t~e.:bomdsbe awa~ded~to this <br />concern a~ the interest rate.pres~ribe~ by the attached proposal and recommend that ~he attached ordinance be <br />placed on first reading. <br /> <br /> Motion of ~lr. Barnes that the bid be awarded the First Boston Corporation ~at the interest rate of <br />3.1589, and that the following ordinance be approved on first .reading, was adopted, without dissenting vote: <br /> <br />"AN ORDINANCE TO APPROVE THE SAL~OF TWO'~ILLION FOUR HUNDRED THOUSAND DOLLARS <br />OF GENERAL OBLIGATION BO~DS-P~V~DED l~ THE ~A/~CE ADOPTED BY TBE CITY <br />COUNCIL ON MARCH loth, 1964{ ~ FIXING 'THE RATE, OF INTEREST FOR SAID BONDS" <br /> <br />On motion adjourned. <br /> <br />City~ Clerk <br /> <br />ApprOved - <br /> <br /> President <br /> <br /> <br />