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204584 '' " ='= � Council Flle No. 204584—By George J. 20���� ORIGINAL TO CITY CLERIC • � ~ V8VOU�8� mayor— � � CITY OF ST. F olu�tion No.203838Cappr�ed S ptember Q, 12, 1961 authorize the issuance and — � - � - • OFFICE OF THE CI �e ��,SOO,o�o.� c�tY of Saint Paul COUNCIL RESOLUTION— �ub��lagdWOctob�eral,issig�a' z� � ��W t�Li c'zy c"r:ccrs k,; 3aE�a d+ PRESENTED BY - . :�rk�'�r.b..i rs t•� ��j r COMMISSIONE �,�,;� '`R� ',�i�r}jS�:,g 'vi ,.n`fi3l+:�7`R�'.Ti x'�J'" I�:�i3=.f�e � i�here�,s, the Council did by Resolution No. 203836, approved September 12, 1961, authorize�. the issua,nce a,nd sale of �3,j00,000.00� City of Saint Paul Trank Highwap Bonds, Series No. 2, to be dated October 1, 1961, a,nd a$ the proper city officere }�ave fv11y caused the sa,id bonds to be a.dvertised for sale and said advertisement required sealed bids to be submitted on October �7.� 1967., and aa the bids were subnitted and opened, eaamined - and• tabulated by� the Council, a.nd the joint bid of The Chase Ma.nhattan Bank, Manager, C. J. Devine & Co., Federation Bank and Trust Compa.ny, City National Bank & Trust Col., Kansas City, Renower, MacArthur & Go. , Detroit, Folger, Nola.n, Fleming�W. B. Hibbs & Co. , Inc. Washington, ,I. A. Qverton & Ca. , Corona,do, �alif. was found to be the moat a,dv�n�geous, therefore be it RF3SOLVE�, that thefbid of the above named syndicate be accepted a.nd said bonds awarded a,t a price, namely, par and a,ccrusd interest with a -. _ . , ; coupon .r ate of 3.10�,� per-_cent and a premium of $18,1J9:-97'. � r -" '�" - FURTHER RESOLVED, that the Council hereby ratifies and approves ea.ch and every act of the Sinking Fund Committee in connection with the sale of said boads. � Q�i' 31 ���� COUNCILMEN Adopted by the Council 19— Yeas Nays DeCourcy �CT 31 � � Holland ` Approved 19— �� Tn Favor Mortinson �4 Peterson Mayor Rosen � gainst ` � Mr. President, Vavoulis g�I,ISHED / ' �� /� " � � � aM 6-60 �2 � � DUPLICATE TO PRINTER " • " ` ` �„j����A ' CITY OF ST. PAUL couNCi� �� `d . � _ � • OFFICE OF THE CITY CLERK F��E NO. COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY � COMMISSIONER DATF . i�h.ereas. the' Council did by Resolution �io. 203836� approved September 12, z961, authorize� the igsuance a.nd sale of $3�,500�000.00� Cit.,y of Saint k'eu1 Trunk �,g$�,ay Bond$� Series No. 2� to be daf,ed Octobe� 1, 1961� and as the prvper c�.ty o�'ficer$ ha�e fu�}y caused th.� said bonds to be ad.vert3.esd fos sale and said adverti.�ement reg,uir�d seal�d bids to be aiubmitted on October 31� 1961, end as the bids were aubmitted and opened� m�ned and ta,bulated. bg t�e Counc�l� and th� joint bid of The Chase Manhattap� $ank, Manager, C. J. Devfne � Co. , Federation Bank and Trust Company, Citq National �ank $ Trust Cot, Ranaas City, Kenower, MacArthur � Co. , Detroit, Folger, Nolan, Fleming-W. B. Sibba & Co. , Inc. Waehington, J. A. Overton � Co. , Coronado, �alif. was found to be the u��t e�.dv�na�eous, therefore be it RES4I,VrD� tha,t the Jbid of the ab�ve aamed syndicate be accepted and aaid bands a�varded at a price. namely� pa.r and accr�ted interest joith a coupon �ate of 3.10�• per cent and a pre�iwn Qf $18,199.97. '7�II&THE�t RESOLP�.D. that the Council hereby xatif�.e� axtd appxOvas eaeh and e�rer� sct of the Sinking Fund C�mmittee in conn�ction rith the sale of said bonds. oC+� i� �. ���� COUNCILMEN Adopted by the Council 19— Yeas Nays , �C� 3 ` `;r�,�w DeCourcy Holland Approved 19— �-��ees Tn Favor Mortinson Peterson � Mayor Rosen A gainst Mr. President, Vavoulis aM a•so �2 . ���.�� � - . s � � - . �� yf� _ .:� _r- � _ � ` � � - � C�TTY � OF S�AINT PAUL "NTINNESOTA . . r - , .,� . �_ . - _ . ,..t. . ,. . . ' - "�' �3,500,000�TRUNK HIGHWAY BONDS, SERIES N,O. 2� • ' " ' � �296,000 SE�PAGE DISPO��L SYSTEM BONBS,.;SERIES NO. 8 , � - �,� . � `� d.�� NOT EXCEEDING 5QJo��' '�' •,i . � � , , . � ' � �400,000 FYAOb CONTROL BONID� : . . , � , . - $200,� JOIN�_ COi7RT�.�OUSE:�ANU CITY HAI.L REHABIL'ITATION BONI3S, SERIES NA. 1 .. . � ' �;k��';.� NOT EXCEEDING 6�Jo . , . � , - • • T OFFICYAI. AYklTERTISEMENT. .. • • ' . .... ' . ' NO'I'ICE O�' BO.1VD• SALE - ��- • • �, : ,_.... . .. . . .i � �i . . v . . .. . . • -•• ' ' ' Compuoller's Office,� • The unqualified approving opinion of Chapman and Cutler, ' � � •. 109 City Hall, Attorneys, Cfucago, IIlinois, will,be furnisbed with the above . bonds at time of eale. The form of bond has not been determined , , October 14, 1961., but will be approped by Chapman and Cuder and the Corporation ; • . Notice ia her'eby given that sealed proposals will be received Counsel of the City of Saint Paul. , - „ , , at the office of the City Comptroller ia the City I3all and Court The opinions will°state that the City has power and is obligated . House Building in Saint Paul,Minnesota,up to 10:00 A.M'. (C.S.T.) to levy•taxes for �the payment of said obligations and interest � ' • OCTOBER 31, 1961 , thereon withont-limitation of• rate or amount. The successful . . . " bidder will be furnished with the usual closing documents,includ- ' and the Council at said time will meet to open and conaider bids ing°a certiScate that no litigation is pending affecting the issuance for tl�e sale of the following bonds: of the bonds. . All or none of $3,500,000 Par Value Coupon Trunk Iiighway None�of said bonds are or'will be subject to.redemption prior �� � Bonds; Series No. 2, to be numbered 54170'to 57669, inclusive .to their fixed maturity_dates. ,� _ ' to be issued under anthority of Secuon 217 of,the Charter of the�•,x' - • • • City of Saint Paul and such other sections thereof as may be All of the above bonda will be issued under date of October 1, . applicable thereto, Chapter 538, Laws of Minnesota for 1959, in denominationa of $1,000 each. The maximum rate of interest C. F. No. 200431, being Ordinance No. 11905, approved February on the Trunk Highway Bonds, Series No. 2 and the Sewage Dis- 2, 1461,and C. F.No.203836,approved September 12, 1961. Said posal System Bonde, Series No. 8, is five per cent (5%) per , bonds will mature in numerical order on October 1 in each of the �annum and on the Flood Control Bonds and the Joint Court House years and amounts as followa: . .� and City�Hall Rehabilitation Bonds, Series No. 1, the maaimum rate of interest is aia per cent (6%) per annum, payable April 1, .�, $170,000 in the year 1964 ' 1962 and•semi•annually°thereafter October 1 and April 1 at the 180,000 in each of the years 1965 to 1970, inclu'sive . -- o&ce of the Commissioner of Finance in the City of Saint Paul, 200,000 in each of the years 1971 to 1976;incln".sive � . • Minnesota; or at the fiscal• agent"of the City of Saint Paul'in 210,000 ia each of the years 1977 to 1981, inclusive either Saint Paul, Minnesota, or New York, New York, at the , ` All or none of $4Q0,000 Par Value Coupon Flood Control • °puOn of the holder. � . Bonds to be numbered 57670 to 58069,inclusive,to be iasued under Under and by the terms of the ordinances and resolutions the , authority of Section 217 of the Charter of the City of Saint Paul faith and credit of the City of Saint Paul,Minnesota,are urevoca- nnd such other sectiona thereof as may be applicable thereto, bly pledged to pay the principal and interest on the above obliga- Chapter 685, Laws of Minnesota for 1957, as amended, C. F. No. tions, at maturity. 203847,being Ordinance No. 12057,approved September 27, 1961. Said bonds will mature in nnmerical order on October 1 in each Each bid aball specify in multiples of one•fourth or one•tenth of the years and amonnts as follows: of one per cent a single rate of interest wluch the issue of bonds , $l0,OQ0 in each of the yeara 1964 to 1975, inclusive b�d for is to bear.and shall be accompanied by a certified or , 15,000 in each of the years 1976 to 1983, inclusive cas}uer s check, made payable to the order of the City,of Saint ` ' ' 20,OQ0 in each of the yeara 1984 to 1991, inclueive Paul, for,two.per cent (2�) of the�amonnt of bonds�6id for, . •. ° which will be forfeited se liquidated damages if the bonds are �� All or none of $200,000 Par Value Coupon Joint Court House not taken up and.paid for when ready for delivery: Bidders maq ` and City Hall Rehabilitation Bonds, Series No. 1, to be numbered not condition their bids on the award of all or none of said ' '' '" 58070 to 58269, inclusive, to be issued under suthority of Sec- issues of bonds,but each issue of 6onds must be bid for and will ` •�• -� tion 217 of the Charter of the City of Saint Paul and such other be awarded as a separate issue. There ehall be ONE coupon only sectiona thereof as may be applicable thereto, Chapter 688, Laws for each interest payment date on each bond. Awarda will be • of Minnesota for 1961, and C. F. No. 203951, being Ordinance made on the basis of the lowest net intere�t cost to the City of No. 12058, approved October 3, 1961. Said bonds will mature in Saint Paul. Your proposal should be enclosed in a sealed envelope numerical order on October 1 in each of the yeazs and amounta plainly marked on the outside. Checkg of the unsuccessful bidders -•' ' as followa: will be returned as soon'as the higheat bid for each issue is . determined. . $ 5,000 in each of the years 1964 to 1979, inclusive � �i ' � 10,0(}0 in each of the years 1980 to 1491, inclusive No bid will be wnsidered.which is not in accordance with the The unqualified approving opinion of Wood, King, Dawson and terms of tlus notice or for less than par and accrued interest to ' Logan, Attorneys, New York City, New York, will be furnished date of delivery and the right is reserved to reject any or all bids. i ' with the above bonds at time of sale und all bids must be un- At time of delivery of the bonda,payment of the amount due must be made by the purchaser in FEDERAL FUNDS without cost to conditional. the City of Saint Paul. . .. . ' All or none of $296,000 Par Valne Coupon Sewage Disposal ' System Bonds, Series No. 8, to be numbered 58270 to 58565, in- No other offering of bonds will be made by tbe City of Saint clusive,to be issued•under authority of Section 217 of the Charter• P8� for,any,purpoae during the nest three months. of the City of Saint Paul and anch other sections thereof'as may � Bonds will be.furnished by the City of Saint Paul. Deliverq 1 be applicable tfiereto, Chapter 95, Laws of Minnesota for 1961, ' • C.F: No. 10184,being Ordinance No.?652, approved November 6, �+� be made appm�mately thirty (30) days from date of sale � 1935 and C. F. No. 203906, approved September 13, 1961. Said , at any place designated by the purchaser at his expense. , bonds will mature in numerical order on October 1 in each of the = Two.copies of bid form are enclosed: Additional forms will be years and amounts as follows: � � , � � furniahed npoa request. •��-• b 5,000 in each of the years 1964 to 1970, inclusive •- ��- . 10,000 in eaeh of the years 1971•to 1981, inclusive ` � - �-� 15,000 in each of the yeara 1982 to 1990, inclnsive� JOSEPH J. MITCHELL, ,. 16,000 in the year 1991 • � , City Comptrollez. � .l R�ISTERED N0. ----�=5 8 9 � $"�s��K Yalue�.�J%__ Spa.del'y fee 5------- -� /1/�r`' �..►� Fee �--�_L�____'Re4receipt(eei- --- �` ���f? , --- , ` A ���Surcharge;-_---=-----' ResL del'y fee 5--------- • ^ � �j eY . ��� - Postage j-G(_ ---- ❑ Airmail •. � _�-'ir a, : ,.r•�-. �Eoatmaster,By-----_— -- ----- . .. ,�.�� „�.� ..i o: F.tr s,�_.�: '�. . .,•� . � Frotn- -------------------------------------------------- �cr , !�, a�, .n; � •rn� __ .��C .� To_ -----------------------------____—_----- ---____�_____ ____�_-.�------------------- ------ POD Form 3806 a48-1a-70493-4 Dec.19b9 ' # 1-INSTRUCTIONS TO DELIVERING EMPLOYEE � Deliver ONLY to ❑ Show address where addressee delivered - (Additio�ra[ charges reqreired for these seruices) - , RETURN RECEIPT Receiyed the'�qumbered+article described on other side. r�. :..�.,.�.:• SIGNATURE OR NAME OF ADDRES'SEE(muit alvkyiTl»�fill�d in):, •_� _�� i�''�/V L�� , �J 1 SIGNATURE OF ADDRESSEE'S AGENT,IF ANY , _ S� � 'y�� ��•�� . - _ 'i���� ���d �,���_ � ---�----___ _�. : DATE DELIVERED ADDRESS WHERE DELIVERED�(only if raquasted in item#1) csa—is—�is+ra ero