268925 WHITE - CITY CLERK COl1I1C11 ,J��/��
PINK - FINANGE �
BLUERV - MAVORTMENT CITY OF SAINT-- PALTL File NO.
� � � � ouncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS:
A. The Council has by Resolution No. 268820
adopted on March 24, 1977 and approved by the Mayor on
Mar�h 29, 1977, authorized the issuance and sale of
$6�000,000 General Obligation Capital Improvement Bonds,
Series 1977, to be dated May 1, 1977;
,�' B. The appropriate City Officers have, pursuant
to said resolution, caused prop��r published notice of the sale
of the bonds to be given as required by law, and sealed bids,' ,.
pursuant to said Notice of Sale, were received until 11:00 �
o'clock A.M. , Central T�me on Tuesday, April 19, 1977, in the
' office of Bernard J. Carlson, Director, Department of Finance
and Management Servic�s, 109 City Hall, Saint Paul, Minnesota;
and
• C. The Director of Finance and Management Services
of the City has advised the Council that the bid of
Harris Trust and Savin s Bank Chica o Illinois and Assoc ates
was oun to e t e most a vantageous an as recommen e t at
said bid be accepted.
NOW, THEREFORE, be it resolved that
l. The bid of Harris �Yust and Savings Bank, Chicago, Illinois
and Associates to purchase 6,000,000 General Obli-
gation Capita Improvement Bonds, Series 197T, of the City in
accordance with the Notice of Bond Sale at the rates of inter-
est hereinafter set forth and to pay, therefore, the sum of
$6,000,000 plus a premium of $ 1,073.00 is hereby found,
determined and declared to be the most favorable bid received and
is hereby accepted and said bonds are hereby awarded to said bidder;
COUNCILMEN
Yeas Nays Requested by Department of:
Butler Finance and Mana ent Services
Hozza In Favor
Hunt
Levine Against BY
Rcedler rector
Sylvester
Tedesco
Form Approved by ity A orne
Adopted by Council: Date
Certified Passed by Council Secretary BY
By
Approved by iVlayor: Date Approved by Ma r for Submission to Council
By BY
, . ' ��i9
ti
2. The Director of Finance and Management Services
is directed to retain the deposit of said bidder and to forth-
with return the good faith checks or dra�ts to the unsuccessful
bidders;
3. �aid bonds shall be payable as to principal and
intexest at The First National Bank of Saint Paul, in �t. Paul,
Minnesota, or the Chase Manhattan Bank, N.A. , in New York,
New York, at the option o� the holder, or any succe�sor paying
agent duly appoi,nted by the Ci,ty;
4. The bonds bearing the serial numbers and
maturing in the years as follows sha11 bear interest as
follows:
Xear Sexial Nos . Interest Rate
1978 F-- 1 -� F-� 44 4.10%
1979 F- 45 -- F- 150 4.10%
1980 F- 151 - F- 261 4.10%
1981 F-- 262 � F- 378 4.20%
1982 F- 379 - F- 500 4.20%
1983 F- 501 - F- 628 4.20%
1984 F- 629 - F- 761 4.20%
1985 F- 762 - F- 901 4.30%
1986 F- 902 - F-1047 4.40%
1987 F-1048 - F-1200 4.50%
5. The Council hereby ratifies and approves each
and every act of its subcommittee on Finance and Sinking Funds
in connection with the sale of said bonds;
6. Said bonds shall be executed by the facsimile
of the official seal of the City of St. Paul and signed by the
facsimile signature of the Mayor, attested by the facsimile
signature of the City Clerk and countersigned by the manual
signature of the Director of Finance and Management Services
and the interest coupons attached to each bond shall be exe-
cuted by the facsimile signatures of said officers; and
7. The bonds of .said issue shall mature without
option of prepayment, shall be dated May l, 1977 and shall be
numbered from F-1 to F-1200, both inclusive. Interest on
said bonds will be payable November 1, 1977 and semiannually
thereafter on May 1 and November 1 in each year.
r�=
� , y
8. Said bonds and the coupons attached thereto shall
be in substantially the following form, which has been approved
by the City Attorney of the City of Saint Paul, and is hereby
approved and adopted:
UNITED STATE� OF AMERICA
STATE OF MTNNESOTA
COUNT'Y' OF RAMSEY
CITY' OF SAINT PAUL
GENERAL OBLT�ATTON C�ITAL
IMPROVEMENT BOND, SERIES 1977
No. F- $5,000
KNOW ALL MEN BY THESE PRESENT� , that the City of
Saint Paul, in the County of Ramsey and State of Minnesota,
acknowledges itself to be lndebted and �or value received
hereby promises to pay to bearer, without option of prepayment,
the sum of Five Thousand Dollars (�5,000) on the first day of
May, , together with intere�t thereon from the date hereof
until the pri.ncipal siuYt i,s paid at the rate of
percent per annum, payable November l, 1977,
and semiannually t ereafter on the fir�t day of May and the
first day of November �n each year a� evidenced by and upon
the presentation and surrender o� the annexed interest coupons
as they severally become due. Both principal of and interest
on this bond are payable in 1aw�u1 money of the United States
of America at The First Nat�,ona1 Bank of Saint Paul, in St.
Pau1, Minnesota, or Chase Manhattan Bank N.A. , New York, New
York, at the option o� the holder, or any successor pay�.ng agent
duly appointed by the C�,ty and �or the prompt payment of this
bond, both principal and intere�t, when due, the full faith and
credit of the City o� �aint Paul are irrevocably pledged.
This bond �sc� o� a series of bonds issued and sold
by said City of Saint Pau1 in the aggregate principal amount
of Six Million Dollars ($6,000 ,000) , authorized pursuant to
Laws of Minnesota 1971, Chapter 773, as amended by Laws of
Minnesota 1974, Chapter 351, as �,mended by Laws of Minnesota
1976 , Chapter 234, for the purpose of the procurement of funds
to be used by said City for the acquisition, construction and
repair of capital improvements o� the Ca,ty o£ Saint Paul in
� accordance with the provisions o� said 1aw�.
� � � �68925
Tt is hereby certified and recited that all things,
acts and conditions required by the Constitution and Laws of
the State of DZinnesota and the Charter of said City to happen
and be done and performed precedent to and in the issuance of
this bond, have happened and have been done and performed in
regular and due form and time as required by law, and that the
issuance of this bond did not cause the total indebtedness of
the said City to exceed any constitutional, statutory, or
charter limitation.
IN WITNESS WHEREOF, the said City of Saint Paul,
Ramsey County, Minnesota, by it� Council has caused this bond
to be sealed by the facsimile of its Official Seal, to be
signed by the facsimile signature of its Mayor, attested by
the facsimile signature of its City Clerk, and countersigned
manually by its Director of Finance and Management Services,
and each of the interest coupons hereto attached to be exe-
cuted by the facsimile signatures of said officers, as of the
first day of May, 1977.
(facsimile) George Latimer
Mayor
(SEAL)
Attest: (facsimile) Rose Mix
City Clerk
Countersigned:
Director of Finance and
Management Services
COUPON
On the first day of November (May) , , the City
of Saint Paul, Ramsey County, Minnesota, promises to pay to
bearer at The First National Bank of Saint Paul, St. Paul, Minne-
sota, or the Chase Manhattan Bank N.A. , New York, New York, at the
option of the holder, or any successor paying agent duly appointed
by the City the sum shown hereon for interest then due on its
General Obligation Capital Improvement Bond, Series 1977, dated
as of May l, 1977 , No.
(facsimile) George Latimer
Mayor
Attest: (facsimile) Rose Mix
City Clerk
WH17E - CITV CLERK COUI1C11 ���v��
PINK - FINANCE
CANARV - DEPARTMENT G I TY OF SA I NT PA LT L �
BLUE - MAVOR � FII@ NO.
� � .� � Council Resolution
Presented By
-_ Referred To Committee: Date
Out of Committee By Date
_ _ _
Countersigned: (facsimile) Bernard J. Carlson
Director of Finance and
Management Services
9. The full faith and credit and taxing power of the
City is pledged for the prompt and full payment of the principal
and interest of said bonds;
10. The City will not make any use of the proceeds
of the Bonds to be issued whicTt, if such use had been reasonably
expected as of the date of delivery of and payment for the bonds,
would have caused such obligations to be arbitrage bonds within
the meaning of Section 103 (c) of the Internal Revenue Code and
any applicable temporary proposed or final regulations promul-
gated thereunder; and the City will and will cause any other
entity authorized to invest such bond proceeds for the City to
comply with the requirements of said Section 103 (c) and all
applicable regulations pertaining thereto while the bonds to
be issued hereunder remain outstanding;
11. The proceeds of said bonds shall be credited to
an account hereby established and designated eapital Improve-
ments Account of 197'7. The moneys in said account shall be
used and applied for the purpose prescribed by Laws 1971,
Chapter 773, as amended, and the balance in said account after
payment of the costs of the program, if any, together with
accrued interest received upon the delivery of said bonds shall
be credited to the Sinking Fund Account for such obligations.
COUIVCILMEN
Yeas Nays Requested by Department of:
But1e;�J1�iStlbN � Finance and Manag Services
�iozza (n Favor
��unt
�Rcedler � — Against BY
Director
�� J Ags,E��oN
�Tedesco 9 1977
ApR 1 Form Approved by Ci y A orney
Adopted hy Council: Date
Certified Passed by Council Secretary BY
sy
Appr ve by ;Nayor: Date APR 2�2 1 Approved by Mayor or Submission to Council
By BY
QUBLISHED APR � � 1977
� � d � � �
• ` PAST SALES I�FORRIATION �
MUNICIPALITY CITY OF ST. PAUL, MINNESOTA
DATE AMOUNT AVCrMAT NO, �3lDS PURCHASER E3�( RATE
3-20 74 �3,045,000 17.80 8 BANKERS TRUS'r 5.32 5.42
3-20-74 �4,000,000 17.80 6 BANKERS TRUST 5,32 5.42
3-20-74 $5,680,000 S,$0 7 SALOMON BROTHERS $.32 4.78
9-25-74 �6,000,000 17.63 � 8 KIDDER, PEABODY 6.76 6,43
9-25-74 � 500,OQ0 17. 17 2 CITIBANK, N.Y. 6.76 6.47
2-20-75 $1 ,500,000 10.50 6 HARRIS TRUST 6.40 5.71
2-20-75 $4 ,000,000 17.00 6 CITIBANK. N,Y. 6.40 6. 11
2-20-75 $6,500,000 ' S.50 7 HARRIS TRUST 6.40 5.02 "
11-18-7$ �a4,100,000 11 .2$ 4 HALSEY, STUART 7.43 6,07
i t-18-75 $4 ,600,000 1 1 .50 4 HALSEY, STUART 7.43 6. 14
6-22-76 $4,540,000 11 .50 1 BANCNORTHWEST 6.85 5.73
6-22-76 $6,000,000 15.50 i BANCNORTHWEST 6.85 6. 18
6-22-76 $4,050,000 :10.50 1 BANCNORTHWEST 6.85 5,75
9-21-76 $6,000,000 5.72 7 FIRST NAT�L. CHi. 6.50 . 4.64
9-21-76 $i ,000,000 6,24 6 FIRST NAT�L, CHi. 6.50 4.70 �
2-22-77 $1 ,180,000 6.21 4 ALLISON-WILLIAMS 5.83 4.37
4-19-77 �a6,000,000 6.08 - _ _�_ 5.70
-- - -----1_ - -
- - ---- --- ----- I ---
_ --- -- ------------;-- ----- - --
------ -- --
1--- ------------ -- - -
� --- ---- ---------- ---
---- - - - - -- ----
I � - ---------
--- -- -
-
-- -- -- -------�-----..- - -_ -__ --
° � PAST SALES It�:FOR�IATION
MUNICIPf�LiTY CITY OF ST. PAUL, M�NNESOTA
DATE AMOUNT AVG-MAT NO, E3lDS PUf2CHASER E3�f RATE
3-ZO-74 �3 ,045,000 17.80 8 BANKERS TRUST 5.32 5,42
3-20-74 54,000,000 17.80 6 BANKERS TRUSr 5.32 5.42
3-ZO-74 �$�680���� $,rJO 7 SALOMON BROTHERS $.32 L�.78
9-25-7A �6,000,000 17.63 8 KIDDER, PEABODY 6.76 6,43
9-25-74 � 500,000 17. 17 2 CITIBANK, N.Y. 6.76 6.47
2-20-75 �1 ,500,000 t0.50 6 HARRIS TRUST 6.40 5.71
2-20-75 a4 ,000,000 T7.00 6 CITIBANK, N.Y. 6.40 6. 11
2-20-75 $6,500,000 ' 5.50 7 HARRIS TRUS'r 6.40 5.02 '
T1-18-75 �4,100,000 11 ,25 4 HALSEY, STUART 7,43 6,07
1 t-18-75 �4 ,600,000 11 ,50 4 HALSEY, STUART 7.43 6, 14
6-22-76 �a4,540,000 11 .50 1 BANCNORTHWEST 6.85 5.73
6-22-76 �6,000,000 15.50 1 BANCNORTHWEST 6.85 6. 18
6-22-76 �4 ,050,000 10.50 i BANCNORTHWEST 6.85 5.75
9-21-76 �6,000,000 5.72 7 FIRST NAT`L, CHi. 6.50 . 4.64
9-21-76 �a1 ,000,000 6.24 6 FIRST NAT'L, CH�. 6.50 4,7Q �
2-22-77 $1 ,180,000 6.21 4 ALLISON-WILLIAMS 5.83 4.37
4-19-77 $6,000,000 6,08
----- -�- 5.70
--- -- -�--- --- -
--- ---- --- --- I
�-- -------- - -
�
( __--------- ----- -- -
--------- -------------- ----------_---.
---- -._ _ .. -------
I - ---------
__.._----- ------------ --------�------ _ __ ___ -- �
WHITE - CITV CLERK COUIICII ��, ���
PINK - FINANCE C I TY F SA I�NT PA
CANARV - DEPAR T C�E�70
BLUE - MAV le O.
�
- Co cil Reso ' n
. ,
.
Presented By
Referred To Committee: Date
Out of Committee By Date
WHEREAS, on February 24, 1977, the City Council approved and the Mayor signed
Councilman Levine's resolution directing the City Planning Department to study an
ordinance regulating the location of adult entertainment uses, and
WHEREAS, disturbances and/or allegations of disturbances due to certaa.n
licensed establishments and complaints due to the location of certain licensed
establish�ents and the consequent potential detrimental effect on the surrounding
neighborhood have been brought to the attention of the City Council and the City.
Council's license committee,
NOW THEREFORE BE IT RESOLVED, that the Planning Department be instructed to
expand the scope of its study to include but not b�e limited to the location,
density and/or distribution of:
On-sale liquor licenses
Off-sale liquor licenses
Tavern licenses
3.2 ma.lt beverage licenses
Private clubs, both locally and state licensed
S aut�s
Ra:p g�rlours
Game �ooms, and the .
Previously-referred-to adult entertainment establishments
AND FURTHER BE IT RESOLVED, that after proper public hearing before the
Planning Commission, that a report, along with proposed ordinances and/or state
statutes, be reco�nded back to the City Council.
COUNC[LMEN Requested by Departmen� of:
Yeas Nays
Butler '
Hozza In Favor .
Hunt .
Levine d _ Against BY '
Roedler
��
Tedesco
Adopted by Councii: Date APR ��i �977 Fotm r ed by City Attorney '
Certified Passed by Council Secretary
By
w
Approve ayor. Date Approved by Mayor for Submission to Counc
By -- BY
PUBtISt�ED APR 3 Q 197T �,
y
E . . . � � �ya�
SPRiNGSTED INCORPORAT�D MUNICfPAL CONSULTAt�1T'S
' 800 OSBORN BUILDING • SAINT PAUL,MINNESOTA 55102 • (612)222-4241
$6,000,000
GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS, SERIES 1977
CITY OF SAINT PAUL, MINNESOTA
AWARD: HARRIS TRUST AND SAVINGS BANK
Chicago, Illinois
and Associates
SALE: April 19, 1977 Moody's Rating: Aa
Standard & Poor's .Rating: AA
Net Interest
Bidder Coupons Price Cost & Rate
HARRIS TRUST AND SAVINGS BANK 4.10% 1978-80 $6,001,073.00 $1,576,972.00
THE CHASE MANHATTAN BANK, N.A. ) 4.20% 1981-84 (4.3028Y)
BANCNORTHWEST, CHICAGO )Joint 4.30% 1985
MERRILL LYNCH, PIERCE, FENNER & )Mgrs. 4.40% 1986
SMITH INCORPORATED ) 4.50% 1987
Lehman Brothers, Inc.
First National Bank of Oregon,
Portland .
John Nuveen & Co. Incorporated
Seattle-First National Bank
L. F. Rothschild, Unterberg, Towbin
First National Bank in Dallas
First Wisconsin National Bank of
Milwaukee
Marine Midland Municipals Co. ,
Buffalo
First Pennco Securities, Inc.
European-American Bank &
Trust Co. �
Trust Company Bank, Atlanta
Southeast First National Bank
of Miami
Matthews & Wrights, Inc.
Paine, Webber, Jackson & Curtis,
Inc.
Industrial National Bank of
Rhode Island, Providence
J. C. Bradford & Co.
First National State Bank of
Neco Jersey, Newark
United Missouri Bank of Kansas City,
N.A.
Loeb, Rhoades & Co.
Bevill, Bresl,er & Schulman Securities,
Inc.
Banco Popular De Puerto Rico
William Blair & Company, Chicago
Cowen & Company
Douglas & Co. Municipals, Inc.
Fidelity Union Trust Co. , Newark
First National Bank of Atlanta
Chester Harris & Co. , Inc.
Legg Mason Wood Walker, Inc.
Sears Bank & Trust Co. Chicago
s _.
Blunt Ellis & Simmons Incorporated,
Chicago
Commerce Bank, Kansas City, Mo.
F. B. Cooper & Co.
Jesup & Lamont Municipal Securities
Johnston, Lemon & Co. , Inc. ,
Washington, D.C.
National Bank of Commerce, Memghis
Northrop Municipals Corp.
Reinholdt & Gardner, St. Louis
Tripp & Co. , Inc.
Elkins, Stroud, Suplee & Co. ,
Philadelphia ,
Ernst & Co.
Folger Nolan Fleming Douglas Inc. ,
Washington D.C.
Frank Hen�es & Co. , Inc.
J. A. Overton & Co. , Coronado
Shaughnessy & Company, Inc. , St. Paul
Union Planters National Bank of ' '
Memphis
BACHE HALSEY STUART I�TC. - Manager 3.75% 1978 $6,000,660.00 $1,578,757.50
Crocker National Bank 4.20% 1979 (4.307660%)
Connecticut Bank & Trust Campany 4.30% 1980-86
A.G. Becker & Co. Municipal 4.375% 1987
Securities, Inc.
Fahnestock & Company
Adams, McEntee & Company
The Bank of Virginia
Colin, Hochstin Company
Rand and Company, Inc.
Wilson White, Belf, Lake, �
Rochlin & Company
Banco Credito Y Ahorro Ponceno
George K. Baum & Company, Inc.
A. Webster pougherty & Company
Hibbard, 0`Connor & Weeks, Inc.
Municipal Securities, Inc. ,
J.A. Overton & Company
Ranier National Bank
Raffensperger, Hughes & Company,
Inc.
Shelby Cullom Davis & Company
State Street Bank & Trust Company
iJMIC, Inc.
R.D. White & Company
A. Duncan Williams Inc.
THE FIRST NATIONAL BANK OF ) 4.20% 1978-82 $6,000,084.31 $1,585,153.19
CHICAGO ) 4.25% 1983-84 (4.325111%)
THE NORTHERN TRUST COMPANY ) Joint 4.30% 1985
CONTINENTAL ILLINOIS NATIONAL) Mgrs. 4.40% 1986
BANK AND TRUST COMPANY OF ) 4.50% 1987
CHICAGO )
Mellon Bank, N.A.
W.H. *iorton & Co. , Div. of American '
Express Company
White, Weld & Co. , Incorporated
Shearson Hayden Stone Inc.
Dean Witter & Co.
E.F. Hutton & Company, Inc.
The Philadelphia National Bank �
Mercantile Trust Company, N.A.
Girard Bank
La Salle National Bank
The Bank of California, N.A.
Bank of Oklahoma, N.A.
First National Bank & Trust
Co. , Oklahoma City, Okla.
American National Bank, St. Paul
Ferris & Company •
Zahner and Company
Piper, Jaffray & Hopwood, Incorporated
William Blair & Company
Fulton, Reid & Staples, Inc.
Van Kampen Sauerman Inc.
Channer Newman Securities Co. �
Altgelt & Co. , Inc.
KIDDER, PEABODY & CO., INC.) Joint 4.10% 1978-79 $6,000,484.65 $1,600,860.35
REYNOLDS SECURITIES, INC�. ) Mgrs. 4.30% 1980-84 (4.36796%)
Drexel Burnham, Lambert, Inc. 4.35% 1985
R.W. Pressprich & Co. , Inc. 4.45% 1986
Alex. Brown & Sons 4.50% 1987
F.S. Moseley, Hallgarten &
Estabrook, Inc.
American Se.curities Corp. -
Allen & Company
Faulkner, Dawkins & Sullivan,
Sec. Corp.
Advest Company
Barr Brothers & Co. , Inc. "
Boland, �affin, Gordon & Sautter
Dain, Kalman & Quail, Inc.
Geo. B. Gibbons & Co. , Inc.
The Illinois Co. , Inc.
McDonald & Company
Moore & Schley, Cameron & Co.
William E. Pollock & Co. , Inc.
Tripp & Co.
Carleton D. Beh Co. _
Hess, Grant & Frazier, Inc.
Howe, Barnes & Johnson, Inc.
Janney, MontgomPry Scott, Inc.
The Milwaukee Co.
Moore, Juran & Co. , Inc.
Murch & Co. , Inc.
Newhard, Cook & Co.
Park, Ryan, Inc.
E.J. Prescott & Co.
Robert S. C. Peterson, Inc.
Schaffer, Necker & Co.
M.B. Vick & Co. , Inc.
A.W. Zucker & Co.
THE FIRST NATIONAL BANK OF 3.75% 1978 $6,000,000.00 $1,638,167.50
SAINT PAUL 4.40% 1979-83 (4.446976�)
T�IE FIRST NATIONAL BANK OF 4.45% 1984-85
MINNEAPOLIS 4.50% 1986
CARLETON D. BEH COMPANY 4.60% 1987
BBI: 5.70
AVERAGE MATURITY: 6.08 Years
.
SPf�NGSTED INCORPORATED MUNICIPAL CONSULTAf�fTS
8000SBORN BUILDING • SAINT PAUL,MINNESOTA 55102 • (612)222-4241
$6,000,000
GENERAL OBLIGATION CAPITAL IMPROVEMENT BONDS, SERIES 1977
CITY OF SAINT PAUL, ,IINNESOTA
AWARD: HARRIS TRUST AND SAVINGS BANK
Chicago, Illinois
and Associates
SALE: Apri1 19, 1977 Moody's Rating: Aa
Standard & Poor's .Rating: AA
Net Interest
Bidder Coupons Price Cost & Rate
HARRIS TRUST AND SAVINGS BANK 4.10% 1978-80 $6,001,073.00 $1,576,972.00
THE CHASE MANHATTAN BANK, N.A. ) 4.20y 1981-84 (4.3028y)
BANCNORTH[dEST, CHICAGO )Joint 4.30� 1985
MERRILL LYNCH, PIERCE, FENNER & )Mgrs. 4.40% 1986
SMITH INCORPORATED ) 4.50% 1987
Lehman Brothers, Inc.
First National Bank of Oregon,
Portland .
John Nuveen & Co. Incorporated
Seattle-First National Bank
- L. F. Rothschild, Unterberg, Towbin
First National Bank in Dallas
First Wisconsin National $ank of
Milwaukee
Marine Midland Municipals Co. ,
Buffalo
First Pennco Securities, Inc.
European-American Bank &
Trust Co. � .
Trust Company Bank, Atlanta
Southeast First National Bank
of Miami
Matthews & Wrights, Inc.
Paine, Webber, Jackson & Curtis,
Inc.
Industrial National Bank of
Rhode Island, Providence
J. C. Bradford & Co.
First National State Bank of
New Jersey, Newark
United Missouri Bank of Kansas City,
N.A.
Loeb, Rhoades & Co.
Bevill, Bresler & Schulman Securities,
Inc.
Banco Popular De Puerto Rico
William Blair & Company, Chicago
Cowen & Company
Douglas & Co. Municipals, Ync.
Fidelity Union Trust Co. , Newark
First National Bank of Atlanta
Chester Harris & Co. , Inc.
Legg Mason Wood Walker, Inc.
Sears Bank & Trust Co. Chicago
�
Blunt Ellis & Simmons Incorporated,
Chicago
Commerce Bank, Kansas City, Mo.
F. B. Cooper & Co.
Jesup & Lamont Municipal Securities
Johnston, Lemon & Co. , Inc. ,
Washington, D.C.
National Bank of Commerce, Memphis
Northrop Municipals Corp.
Reinholdt & Gardner, St. Louis
Tripp & Co. , Inc.
Elkins, Stroud, Suplee & Co. ,
Philadelphia
Ernst & Co.
Folger Nolan Fleming Douglas Inc. ,
Washington D.C.
Frank Hen j es & Co. ,, Inc.
J. A. Overton & Co. , Coronado
Shaughnessy & Company, Inc. , St. Paul
Union Planters National Bank of '
Memphis
BACHE HALSEY STUART INC. - Manager 3.75% 1978 $6,000,660.00 $1,578,757.50
Crocker National Bank 4.20% 1979 (4.307660%)
Connecticut Bank & Trust Company 4.30% 1980-86
A.G. Becker & Co. Municipal 4.375% 1987
Securities, Inc.
Fahnestock & Company
Adams, McEntee & Company
The Bank of Virginia
Colin, Hochstin Company
Rand and Company, Inc.
Wilson White, Belf, Lake, '
Rochlin & Company
Banco Credito Y Ahorro Ponceno
George K. Baum & Company, Inc.
A. Webster pougherty & Company
Hibbard, 0'Connor & Weeks, Inc.
Municipal Securities, Inc. , .
J.A. Overton & Company
Ranier National Bank
Raffensperger, Hughes & Company,
Inc.
Shelby Cullom Davis & Company
State Btreet Bank & Trust Company
tJMIC, Inc.
R.D. White & Company
A. Duncan Williams Inc.
THE FIRST NATIONAL BANK OF ) 4.20% 1978-82 $6,000,084.31 $1,585,153.19
CHICAGO ) 4.25% 1983-84 (4.325111�)
THE NORTHERN TRUST COMPANY ) Joint 4.30% 1985
CONTINENTAL ILLINOIS NATIONAL) Mgrs. 4.40% 1986
BANK AND TRUST COMPA�TSC OF ) 4.50% 1987
CHICAGO )
Mellon Bank, N.A.
W.H. Morton & Co. , Div. of Ameri�can
Express Company
White, Weld & Co., Incorporated
Shearson Hayden Stone Inc.
Dean Witter & Co.
E.F. Hutton & Company, Inc.
Tt:e Philadelphia National Bank ,
rtezcantile Trust Company, N.A.
Girard Bank
La Salle National Bank
The Bank of California, N.A.
Bank of Oklahoma, N.A.
First National Bank & Trust �
Co. , Oklahoma City, Okla.
American National Bank, St. Paul
Ferris & Company '
Zahner and Company
Piper, Jaffray & Hopwood, Incorporated
William Blair & Company
Fulton, Reid & Staples, Inc.
Van Rampen Sauerman Inc.
Channer Newman SecuriCies Co. �
Altgelt 6 Co. , Inc.
KIDDER, PEABODY & CO., INC.) Joint 4.10y 1978-79 $6,000,484.65 $1,600,860.35
REYNOLDS SECURITIES, INC: ) Mgrs. 4.30% 1980-84 (4.36796X)
Drexel Burnham, Lambert, Inc. 4.35% 1985
R.W. Pressprich & Co. , �Inc. 4.45% 1986
Alex. Brown & Sons 4.50% 1987
F.S. Moseley, Hallgarten &
Estabrook, Inc. "
American Securities Corp. -
.A1.len & Company
Faulkner, Dawkins & Sullivan, �
Sec. Corp.
Ac�vP s t Company
Barr Brothers & Co. , Inc. '
Soland, �affin, Gordon & Sautter
Da:�n, Kalman & Quail, Inc.
Geo. B. Gibbons & Co. , Inc.
Th� Illinois Co. , Inc.
McDonald & Company
Moore & Schley, Cameron & Co.
William E. Pollock & Co. , Inc.
Tripp & Co.
Carleton D. Beh Co.
Hess, Grant & Frazier, Inc.
Aowe, Barnes & Johnson, Inc.,
Janney, Montgomery Scott, Inc.
Tne Milwaukee Co.
Mo�?re, Juran & Co. , Inc.
�i►ar. :.t; & Co. , Inc.
' 23�K�l�ar�?, C��ok & Co.
'P�r•k, h.:'21T.., Inc.
E.J. Pr::.=,cott & Co.
. �Ro.�ert S. C. Peterson, Inc.
. � Sci�affer, Necker & Co.
�M.B. Vick & Co. , Inc.
A.W. Zucker & Co.
r r
THE FIRST NATIONAL BANK OF 3.75% 1978 $6,000,000.00 $1,638,167.50
SAINT PAUL 4.40% 1979-83 (4.446976%)
Ti�E FIRST NATIONAL BANK OF 4.45% 1984-85
MINNEAPOLIS 4.50% 1986
CARLETON D. BEH COMPANY 4.60% 1987
BBI: 5.70
AVERAGE MATURITY: 6.08 Years