239877 �� �f
OR161NAL TO CITY CLERK CI 1 1 OF ST. PAUL COUNCIL 2398'�'7
� FILE NO
OFFICE OF THE CITY CLERK .' �
C ► U CI � R ^OLUTION-GENERAL FORM
PRESENTED BY '
COMMISSIONE ATF �
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W13EREAS, the unci�-d d by Resolution No. 239237 approved June 26, 1968 authorize the
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issuance and sale of $185,000 City of Saint Paul .Ioint Sewer Study Bonds, to be dated
August 1, 1968, and as the proper city officers have fully caused the said bonds to be
advertised for sale and said advertisement required sealed bids to be submitted on August 20,
1968, and as the bids were submitted and opened, examined and tabulated by the• City
Comptroller, and the City Comptroller made the recommendation to the Council that the (,joint)
bid of PAELPS, FENN & CO., DAIN, KA13riAN & QUAIL, INCORPORATEn S� ASSOCIATES
wa.s found to be the most advantageous, therefore be it
RESOLVED, that t`he-(joint)�bid of �_
PHELPS, FENN & CQ. , DAIN, RAIMAN & QUAIL, INCORPORATED & ASSOCIATES
be accepted and said bonds awarded at a price, namely, par and accrued interest with a
coupon rate of 3.70 per cent and a premium of $670.00 ; be it
,�• FURTHER RESOLVED, that the Council hereby ratifies and approves each and every act of
the Sinking Fund Committee in connection with the sale of said bonds.
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, �UG 2 0 196�
COUNCILMEN Adopted by the Councit 19—
Yeas lvays A�PROY�Q� �qUG 2 0 1968 .
Carlson °-
Dalglish ��§�' ��p������R Counsel Approved 19—_
Meredith �n Favor
.�e�e�se�
Sprafka � , �$I�PMayor
Tedesco A gainst
,
;"'�j'��.`�`•°��'�y�� PUBLISHE� A�� 2 4 1968
Mr. Vice Pxeaifle�t ��eterson)
a" �
3 �°O
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DUrLt'ATE TO lRINTER 23gg"7'7
c- , CITY OF ST. PAUL �o�N�i� NO.
OFFICE OF THE CITY CLERK FILE
COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
WAEREAS, the Council did. by Resolution No. 239237 approved June 26, 1968 authorize the
issuance and sale of $185,000 City of Saint Paul Joint Sewer Study Bonds, to be•dated
August 1, 1968, and as the proper city officers have fully caused the said bonds to be
advertised for sale and said advertiaement required sealed bids to be submitted on August 20,
1968, and as the bids were submitted and opened, examined and tabulated by the City
Comptroller, and the City Comptroller made the recommendation to the Council that the (joint)
bid of pHELPS, FENN & CO. , DAIN, KA�1AN & QUAIL, INCORP(3RATED & ASSOCIATES
was found to be the most advantageoue, therefore be it
RESOLVED, that the (joint) bid of
PHELPS, FENN � CO. , DAIN, RAIMAN & QUAIL, INCORPORATED & ASSOCIAZES
be accepted and said bonds awarded at a price, namely, par and accrued interest with a
coupon rate of 3�70 per cent and a premium of $670.00 ; be it
FURTF�R RESOLVED, that the Council hereby ratifies and approves each and every act of
the Sinking Fund Cauanittee in connaction with the sale of said bonds.
► AUG 2 0196�
COUNCILMEN Adopted by the Council ' 19—
Yeas Nays AUG Z 0 196$
Carlson
Dalglish / Approved 19—_
Meredith '��
Tn Favor
-�etersoir—
Sprafka (� Mayor
Tedesco A gainst
��k .a..i .. �l:C�..:.YL
:'rns: .'��5�::e:i:.
�Mr. Vice Presideat (YJcterson)�
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y CITYIOF SAINT PAOL, MINNESOTA .
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� LIST OF BIDS RECEIVED AUGUST 20. 1968
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(1) $ 185,000 Joint Sewer Study Bonds
. (2) $4,000,000 Capital Tmprovement Bonda, Series 1968B
' (3) $2,645,OU0 Urban Renewai Bonds, Series 1968B
, (4) $2,490,000 Sewage Diaposal System Bonds, Series A-1968
NAME OF BIDDER COUPON RATE P� YIELD
Phelps, Fenn & Co. , .tl) 3.70% $ 670,00 3.6466*
Dain, Ralman � Qusil, Incorporated (2) I 3.70 1,668.00 3.6920
& Associates (3) I, 4.30 1,600.00 4.2968
' (4) , 4.30 1,500.00 4.2999
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Aalsey; Stuart & Co. Inc. I� ) (1) � No bid
Morgan GuaranCy Trust Compauy of)Mgrs.
New York • � ) (2) � 3.70 13,720.00 3.6376*
Glore Forgan, Wm. R.. Staats, Inc) (3) I 4.25 7,458.90 4.2353*
and Associates �� - (4) 4.25 9,437.10 4.2296*
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The Chase Manhattan Bank, N.A.� ) Joint (�.) � 3.70 144.00 3.6885
Harris Trust and Savings Bank �Managers (2) 3.70 4,396.00 3.6800
Merrill Lynch, Pierce, Feuner � (3) , 4.25 - 4,706.00 4,2407
Smith Incorporated {4) ' 4.25 6,995.00 4.2349
First National Bank of Oregon, Portland ;
John Nuveen & Co. (Incorporated) �
Seattle-First Natioual Bank ,
L. F. Rothschild & Co. '
First National Bank in Dallas ,
First W'isconsin National Bank of Milwaukee i
The Marine Midland Trust Company of Westerc► I
New York, Butfalo ' ��
Fraaklin National Bank I
Baxter & Company I �
FideliCy Union TrusC Company� Newark '
TEie Firet National Bank of Miami ,
Henry Harris & Sone, Inc. �, - �i
W. E. Hutton & Co. 1 �
Trust Campany of Georgia, Atlanta , ,
Blunt Ellis & Simmans, Chicago� I
City National Bank & Trust Co.; Ransas City
• Commerce Trust Company, Kansas CiCy
Johnston, Lemon & Co., Washington, D.C. ,
Reinholdt � Gardner, St. Louis�
Ernst & Co. � '�
Folger, Nolan, Fleming & Ca�, Incorporated, i
Washington, D. C, �,
Kenower, MacArthur & Co., Detroit �
McMaster, Hutchinson & Co., Chicago
J. A. OverCon & Co., Coronado I
Shaughnessy & Company, Inc, St� Paul �,
Suplee, Mosley, Close & Kerner, IncorporaCed,
Phiiadelphia i 'I
Wells & Christeasen, Incorporated
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LIST OF BIDS RECETVED AIIGUST 20, 1968 ', -
Page 2 I
NAME OF $IDDER COIIPON RATE pREMIUM yIELD
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The FirsC National Bank of Chicago (1) 13.707 $ 4.00 3.6997
Account Manager (2) 3.70 1,897.00 3.69I4
The Northern Trust Compa�r (3) 4.30 277,00 4.2995
Continental Illinois National Bank (4) 4.30 3,017..00 4.2935
and ZYust Company of Chicago
Mellon National Bank a.nd Trust Compaay
W. fl. Morton & Co. Division of American
Express Company �
Dean WiCter & Co.
Laidlaw & Co. li
Aartford National Bank and TrusC Company �
Elkina, Morris, Stroud & Co. �
Ring, Quirk & Co. Iacorporated I
Corporate Affiliate of Auchincloas, Parker & Redpath -
Bacon, Stevenaon � Co; !
William Blair & Company
Robert W. Baird & Co. Incorporated 'I
New York Hanaeatic Corporation I
Rowle�s, Winston � Co., Inc.
Hutchinson, Shockey, Erley & Co. '
J. A. Glynn & Co. ��
American National Bank, Saint Paul �
Wheat & Co., Inc..
Davenport & Co. i
Saunders, Stiver & Co, I .
Talmage & Co.
First National City Bank) Joint (1) 3.80 None 3.8000
First Boston Corporation)Managers (2) 3.70 - 3,960.00 3.6820
Bank of America N. T. & S. A. (3) 4.30 19,660�29 4.2612
First National Bank of Memphis (4) 4�30 20,310.90 4..2561
Drexel flarriman Ripley, Incorporated ',
Mercantile Trust Compang, N.A.
White Weld & Co.
Wertheim & Co, �
Paribas Corporation ' ;
Clark, Dodge & Co., Inc.
UniCed California Bank II
Barr Brothers & Co. '
Roosevelt & Cross, Inc. ,
J. C. Bradford & Co. �
Wood Struthers & Winthrop
The Fidelity Bank �
Induserial National Bank of Rhode Island I
Marine NaCional Exchange Bank I
�3rown Brothers Harriman & Co. �
C'sicago Corporation
;��xth Carolina National Bank
��ate Planters Bank of Commerce & Trusts i
����npsey-Tegeler & Co,, Inc. ',
�ank of the CommonwealCh (cont. next page)
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. LIST OF BIDS RECEIVED AUCIIST 20, 1968
Page 3 ,
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NAME OF BIDDER � COUPON RATE pREMIUM YIELD
(cont.) �
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F. W. Craigie & Co., Inc. i
Fahnestock � Co.
Model,' Roland & Co., Inc. I
Virginia National Bank
Anderson & SCrudwick
Austin Tobin & Co., Incorporated I
Juran & Moodq, Inc. I
Schweickart & Co.
Boardhouse & Campany, Inc, �
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Bankers Trust Company X Jt, (1) 4.00� $ 518.00 3..9587
Blyth & Co., Inc. ) Mgrs. (2) 3.80 6,084.80 3.7723
Chemical Bank New York Truat Compaay (3) 4,30 20,570.�.7 4.2594
Smith, Barney & Co., Incorporated (4) 4.30 21,158.53 4.2543
Republic National Bank of Dallas I
Dominick & Dominick, Incorporated �
First of Michigan CorporaCion � �
Bacon, Whipple & Co.
Robert Garrett & Sons, Inc. I
The First National Bank of St. Paul �
Stern Brothers & Co, I
Third National Bank in Nashville
Wachovia Bank & Trust Company �
Hayden, Mi11er & Co. �'i
Prescott, Merrill, Turben & Co.
The Ohio Company
Baker, Watts & Co. '
McRelvy & Campany '
Allison�+Tilliams Campany
Seattle Trust and Savings Bank ` I
Boettcher � Campaay ' � �
Eastman Dillon, Union Securities & Co. (1) 3,80 428.46 3.7658
Shields & Co, (2) 3.80 10,240.00 3.7535
Bear, Stesrns & Co. (3) 4:40 31,200.42 4.3384
Reyaolds & Co. (4) 4.40 31,438.74 4.3321
Bache & Co. �
Hayden, Stone & Co.
E. F. Hutton & Co.
Estabrook & Co.
Dick & Merle-Smith
First National StaCe Bank of New Jersey
Putnam, Coffin & Burr
Rean, Taylor & Co. �
Gregory & Sons
Spencer Trask & Co.
Radman & Renshaw �
McDougal & Condon �
James A. Andrews & Co. I
Deflaven & Towasend, Crouter � Bodine I
Stern, Lauer & Co.
Park, Ryan & Co. (conC. next Page) I
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. ' LIST OF BTDS RECEIVED AtTGUST 20, 1968
' Page 4� .
NAME OF BIDDER COUPON RA7Z pREMIiJNi yIELD
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(coat.)
Perry, Adams � Lewis, Inc.
Dain, Ralman & Quail, Tncorporated
F. R. Cole & Co.
Janney; BaCtles & E. W. Clark, Inc. �
Aerbert J. Sims & Co., Inc.
Manley; BennetC, McDonald & Co.
Ferris & Co.
Lehman 'Brothers and Assoc3a tea (1) No bid
(2) No bid
' (3) 4.259`0 $2,777.25 4.2445
(4) 4.25 4,880.40 4.2395
JOSEPH J. MITCHELL
*Successful bidders. CITY COMPTROLLER
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