204581 / ^
ORIGINAL TO CITY CLERK ° ry �- ;-- ' /Q����
-�i' CITY OF $� Councll File No. 204581—By George J. A'O �,
Vavoulis, mayor— L �v
OFFICE OF THE �ereas,The Council did by Council I
�� • � 1�2057 N aPPOovetl SePte bern 27Ce 1 Bl, I
COUNCIL RESOLUTIOI��authorize the issuance and sale oi
5400,OU0.00 City of Saint Paul Flood
PRESENTED BY Control Bonds, to be dated, October 1,
1961, and as the proper city officers .
have fully caused the said bonds to —
be advertised for sale and said ad-
vertisement required sealed bids to
` be submitted on October 31, 1981�aY+c�
� , as the bids we���pl�mit?e� '!�'".`
� ' examined and .rqhc3t ta�i
• � and the,i�, .
Council File''"`
W�S, the Council did by �i.ees�xb4ea No. 2038�7, being Ordinance PTo. 12057�
a,pproved SeptemUer 27, 1961, authorize the issuance and sale of $4U0,00�.00 City of
Saint Paul Flood Control Bonds, to be d.a.ted, October 1, 196�, and as the proper city
officers have fully caused the said bonds to be advertised for sale a.nd said ad.vertisement
required sealed bids to be snbmitted on October 31, �961, and as the bids were subm3tted
�.nd opened, examined and ta,b�7.ated by the Council, and ths joint bid of 'i'he First National
Bank of Chicaga, The Nortk�ern Trust Company, Continental zllinois National Bank and Trust
Company of Chicago, Equitable Securities Carporation, Laidlaw & Co., Stroud & Company, Inc.,
King, Quirk & Co., Inc., Robert L�i. Baird & Co., Iaac. New York Hanseatic Corporation,
AMERIGA.N NATIONA,L &4NR, SAII�IT PAUL,
was found to be the most advantageous, therefore be it
joint �� � y
RESOLV�ID, that the/bid of the above named syndicate
_,.�. _. . ._._._
be accepted and said bonds awa.rded at a price, namely, pa,r and accru.ed interest with a
coupon rate of 3.40 per cent a.nd a premium vf $3,801.00.
, FURTI�R RESOLVID, tha,t the Cov.ncil hereby ratifies and approves each and every
- �►.
act of the Sinking �nd Committee in conn.ection with the sale vf said bonds.
OCY � 1 'l9�1
COUNCILMEN ' . Adopted by the Council 19—
Yeas Nays
DeCourcy ��T e� 1 ��Bj
Holland proved 19_
T.,�av°o�
Tn Favor '
Mortinson �
Peterson Q Mayor
Rosen
A gainst
Mr. President, Vavoulis ����� ' ' I�l f���f
���
EM 8-60 �0 2 .1� � �'�4"
\ _ V
DUPLICATE TO PRINTER � � Z ' ���e g/��
�_�� CITY OF ST. PAUL COUNCIL `�'�''
OFFICE OF THE CITY CLERK FILE NO.
� �" - COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
. •
Council File _
i�F'•REAS. the Conncil did by $e�e�tst4en Ao. 203$��� being Ordinance Ao. 12Q57.
approved September 27� i961. authorize the issuance and se�].e of $400.000.00 City qf
, �aint Paul �'lood Control Aonds. to be dated, October I� 1.96]., and sa the proper citg
officers have �ii� �augea. t� �sid bonds to be ad.vertised for s�].e ancl sa3d �d.�erti$ement
required sealed bids to be su.bmitted nn October 31. 1961. and e.s the bids were au.bmitted
�
and opened. examined and t,�,bulated by �he Cov.nci2, and the joiut bid of The First National
Bank of Chicago, The Northern Trusx ComgRny, Continental Illinoie National Bank and Truat
Company of Chicago, Equitable Securities Corporation, Laidlaw & Co. , Stroud & Co�pany, Inc.,
xing, Quirk � Co., Inc., xobert W. Baird � Co., Inc. New York Han�estic Corporation,
AMEAICAN NATIONAL aANK, SAIlIT PAUL,
raa found to be the mo�t a.drautageoue. therefore be it
�oint
. RESOLV�D. tb�at th�/bi.d of the above named syn.dicate
b� accepted and, �aid boz�ds av�r�ed �� a g�r3ce. namely. par and accx�.ed intereet xith a
.�
coupon rate o� 3.40 p�ar cent and a p�e�nium of $3,801.00.
FITRTHER �iESOI,VED, tha,t the Counc�,l hereby ra,tifies attd app�ovee each and every
act of t}�e Sinking �.ind Committee in connection �rith the sale of �aid bonde.
� OCY � 119� `
COUNCILMEN Adopted by the Council 19—
Yeas Nays O�� � � ,,:af�,�
DeCourcy �
Holland Approver� 19—
� Tn Favor
Mortinson'
Peterson � � Mayor
A gainst
Rosen
Mr. President, Vavoulis .
sM a-so �2
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