189086Original to City Clerk
0
PRESENTED
COMMISSI,
s
^..
CITY OF ST. PAUL
'')) OFFICE OF THE CITY CLERK
/COUNCIL RESOLUTION — GENERAL FORM
1-89086
/86
COUNCIL NO.
FILE
l
WCEREAS, the Council did by Resolution No. 188642, approved August 7, 1958,
authorize the issuance and sale of $390009000.00 City of Saint Paul Water Works Bonds,
Series No. 19 dated September 1, 1958, 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 September 10, 1958, and as the bids were submitted and opened,
examined and tabulated by the Council, and the joint bid of Phelps, Fenn & Co., J. M.
Dain & Company, Inc. and Associates was found to be the most advantageous, therefore be
it
RESOLVED, that the bid of Phelps, Fenn & Co., J. M. Dain A Co. Inc. and
Associates be accepted and said bonds atrarded at a price, namely, par and accrued interest
with a coupon rate of 3.40% and a' premium of $49797.00.
FIIRTSER RESOLVED, that the Council hereby ratifies and approves each
and every act of the
COUNCILMEN
Yeas Nays
Fund Committee in connection with the sale of said bonds.
Co' uncil Vie No: 189086 — By • Milton
Rosen —
Whereas, The Council did by,Resolu-
� tion No. 188642, approved August 7,
1958, authorize the issuance and sale
of $3,000,000.00 City of Saint Paul Water
Works Bonds, Series No. 1, dated
September 1, 1958, and as the proper
city officers have fully caused the said
said advertisement r 4euired for sale sealed bids
to be submitted on September 10, 1958,
and as the bids were submitted and
opened, examined and tabulated by the.
Council, and the joint bid of Phelps,
Fenn & Co., -J. M. Dain & Company,!
Inc. and Associates the most advantageous' threfore efit
Resolved, That the bid of Phelps,4
Fenn & Co., J. M. Dain & Co. Inc: and
Associates be accepted and said bonds
awarded at a price, namely, par and I
accrued interest with a coupon_ rate,
of 3.40% and a premium of $4,797.00.
Further Resolved, That the Council
hereby ratifies and approves each and,
every act of the Sinking Fund Com- ;
mittee in connection with the sale of i
said bonds.
Adopted by the Council September
10, 1958.
DeCourc Approved September 10, 1958. I
y (September 13, 1958)
Holland '-
ltfar=i
�eatinsar�..
Peterson
Rosen ��
Mr. President, Dlllon
SM 2.57 u2
Favor
A gainst
Adopted by the Council SEP 10 195$95-
SEP 10 1 0058
Approved 195-
.
DupRcaie to Printer
CITY OF ST. PAUL FILE NO.
NO. 71
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION — GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
WHEREAS, the Council did by Resolution No. 183642, approved August 7, 1958,
authorize the issuance and sale of $3,000000.00 City of Saint Paul Water Works Bonds,
Series No. 1, dated September 1, 1958, 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 September 10, 1958, and as the bids were submitted and opened,
examined and tabulated by the Council, and the joint bid of Phelps, Fenn & Co., J. M.
Dain & Company, Inc. and Associates was found to be the most advantageous, therefore be
it
RESOLVED, that the iiid of Phelps, Fenn & Co., J. H. Dain 49 Co. Inc. and
Associates be accepted and said bonds awarded at a price, namely, par and accrued interest
with a coupon rate of 3.40% and a premium of $4,797.00.
FURTHER RESOLVFX. that the Council hereby ratifies and approves each
and every act of the Sinking Fund Committee in connection with the sale of said bonds.
COUNCILMEN
Yeas Nays
DeCourcy
Holland /
. R *41 In Favor
Mnr du9n Q
Peterson
Rosen A gainst
Mr. President, Di on
SM 2.57 QN1.2
SEP 10 1958
Adopted by the Council 195—
SEP 10 1958
Approved 195—
Mayor
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