201125ORIGINAL To CITY CLERK �MJ201-125
° : ' CITY OF ST. PAUL COUNCIL NO.
OFFICE OF THE CITY CLERK
` COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY `
COMMISSIONER DATE
WHEREAS, the Council did by Resolution No. 200642, approved February 2, 1961,
authorize the issuance and sale of $6,210,000 School Improvement Bonds, Series 1961 B,
to be dated March 1, 1961, 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 subN
' mitted on March 8, 1961, and as the bids were submitted and opened, examined and tabulated
by the Council, and the 'joint bid of
First National Bank of Saint Paul
Bankers Trust Company, New York City,
First National Bank of Chicago, as
joint Managers and Associatd.s
was found to be the most advantageous, therefore be it
RESOLVED, that the joint bid,of the above named syndicate be accepted and said
bonds awarded at a price, namely, par and accrued interest with a coupon rate of 3.40
per cent and a premium of $ 321,850.90.
RESOLVED FURTHER, that the Council hereby ratifies and approves each and every
act of the Sinking Fund Committee in connection with the sale of said bonds.
Council File No. 201125 —By George J.
Vavoulis, mayor— _ — �•" x'� r
-- - Whereas, The Council did by Reso- I
lutioh No. 200642, approved February;
2, 1961, authorize the issuance and sale
of $6,210,000 School Improvement,
Bonds. Series 1961 B, to be dated March
1, 1961, and as the proper city officers
have' fully caused the said bonds to be'
advertised for sale and said advertise-
ment required sealed bids to be sub-
mitted on March 6, 1961, and as the
bid
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Loss
In Favor
Mnrtin Cnn
Peterson —Against
Rosen
Mr. President, Vavoulis
sm 5.60 2
Adopted by the Council $ 19—
MAR 8IBMI
Apoved 19-
/ % Mayor
PUB1,1SBED - �/
DUPLICATE TO PRINTER "^ Y 201125
CITY OF ST. PAUL COUNCIL NO
OFFICE OF THE CITY CLERK FILE
COUNCIL RESOLUTION — GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
WHEREAS, the Council did by Resolution No. 200642, approved February 2, 1961,
authorize the issuance and sale of $6,2109000 School Improvement Bonds, Series 1961 B,
to be dated March 1, 1961, and as the proper city officers have fully caused the said
bonds to be advertised for sale and said advertisement required se4ed bide to be sub.
witted on March 8, 1961, and as the bids were submitted and opened, examined and tabulated
by the Council, and the Joint bid of
First National Bank of Saint Paul
Bankers Trust Company. New York City,
First National Bank of Chicago. as
Joint Managers and Associatds
was found to be the most advantageous, therefore be it
RESOLVD, that the joint bid of the above named syndicate be accepted and said
bonds awarded at a price.:wmely, par and accrued interest with a coupon ratite of 3.40
per cent and a premium of $ 32,850.90.
RESOLT U FURTHER, that the Council hereby ratifies and approves each and every
act of the Sinking Viand Committee in connection with the sale of said bonds.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Loss
,.-- llLs�t iLo�t i�x�n
Peterson
Rosen
Mr. President, Vavoulis
5M a -ao OW
MAR
Adopted by the Council 19—
MAR 8 V-,3s
Approved 19—
Th Favor
/'� � Mayor
c.J Against