186638Original to City Clerk
CITY OF ST. PAUL COUNCIL NO.
- OFFICE OF THE CITY CLERK FILE
C
,mcil File No. 186638 =By Mrs. Donald
COUNCIL RESO TION— GENERAL FORM 9 ,, `L.eccf.vy -- ti»c:'.• 019 by Reso-
PRESENTED BY i•, :.'' sa `o h Februan '
COMMISSIONE 1 '�✓- DATE
WHEREAS, the Council did by Resolution No. 186055, approved February 5, 1958,
authorize the issuance and sale of $1,900,000 School Improvement Bonds, Series No. 6, and
$204839000 General Improvement Bonds, Series No. 6, 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 March 19, 1958, and as the bids were submitted and opened, examined
and tabulated by the Council and the joint bid of
Lehman Brothers
Goldman, Sachs & Co.
Harold E. Wood & Co.
and Associates
was found to be the most advantageous, therefore be it
RESOLVED, that the,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 3.00 per cent and a premium of $54,436.860
MJRTHER 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.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
ZUNW Winkel
Mortinson
Peterson
Rosen
Mr. President, Dillon
5M 2 -57 2
Adopted by the Council-M. , y 195-
MAR
1919�8
Approved 195 -
n Favor -�
�JMayor
Against
PUBLISHED= a — 8
Duplicate to Printer
CITY OF ST. PAUL COUNCIL NO.
OFFICE OF THE CITY CLERK FILE
COUNCIL RESOLUTION — GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
WKKMS, the Council did by Resolution No: 1860551, approved February 5, 19580
authorise the issuance and sale of $11,900,000 School Improvement Bonds, series No. 6, and
$2,4$31,000 General Improvement Bonds, Series loo. 6, and as the proper city officers have
fuller caused the said bonds to be advertised for gale and said advertisement required sewed
bids to be submitted on March 19, 1958, and as the bids were submitted and opened, examined
and tabulated by the Council and the joint bid of
Lehman Brothers
Goldman, Sachs & Co.
Harold E. Wood & Co.
and Associates
was found to be the most advantageous, therefore be it
RESOLVED, that the 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 3.00 per cent and a premium of $54,436.86.
PIMTHER RESOLVED, that the Council hereby ratifies and approves each and every
act of the Sinking F nd Committee in connection with the sale of said bonds*
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Winkel
Mortinson
Peterson
Rosen
Mr. President, Dillon
SM 2 -57 2
Ir
Adopted by the Council tjAQ QACM ' -
www-
Abli L)19 -58
Approved 195—
Mayor
/Y(6 3 ;
CITY OF SAINT PAUL
LIST. OF BIDS RECEIVED MARCH 19, 1958
LOT 1
$1,000,000 WATER WORKS BONDS — Series 1958D
LOT 2
$1,900,000 SCHOOL IMPROiIEMENT BONDS, Series No. 6
$2,403,000 GENERAL IMPROUE�MNT BONDS, Series No., 6
Lot 1 Lot 2
Coupon Coupon
Name of Bidder Rake Premium Yield., Rate Fremium Yield
Lehman Brothers, Account Managers* 3.00 12,420.00 2.9306 3.00 54,436.86 2,9348
Goldman, Sachs & Co,
Harold E. Wood & Co. and Associates
Kidder, Feabody & Company
R. W. Pressprich & Co.
Braun, Bosworth & Co., Inc.
Eldredge & Co,,, Inc.
Francis I, duPont & Co,
Goodbody & Co,
City National Bank & Trust Co„
Schmidt, Foole, Roberts & Parke
Freeman & Company
Gordon Graves & Co.
Julien Collins & Company
Granbery Marache & Co.
McDonald & Company
Farwell, Chapman & Co.
McDonnell & Co.
F. S. Yantis & Co., Inc.
Joseph, Mellen & Miller, Inc.
Halsey, Stuart & Company, Inc.
Glore, Forgan & Co.
Blair & Co., Inc.
The Philadelphia National Bank
A. C. Allyn and Company, Inc.
A. G. Becker & Co,, Inc.
C. F. Childs and Co,, Inc.
National Rank of Commerce Seattle
Raffensperger,. Hughes & Co., Inc.
McCormick & Co.
The National City Bank of Cleveland
George P. Fogg & Co„
Mullaney, Wells & Company
Wallace Geraldson Co.
3.00 10,250.00 2.9427 3.00 38,351.25 2.9541
3,,00 8,380.00 2,9531 3.00 32,171.22 2.9615
.4' -
LIST OF BIDS RECEIVED MARCH 141 1058
CITY OF SAINT PAUL
Page 2
Lott Lott
Coupon Coupon
Name of Bidder Rate Premium Yield Rate Premium Yield
Eastman Dilldn, Union Securities
& Coo )
Shields & Company) Joint Managers
Bear, Stearns & Co.
Estabrook & Co„
Dick & Merle- -Smith
National State Bank of Newark
Coffin & Bump Inc.
A. M. Kidder & Co., Inc.
Kean, Taylor & Co.
Gregory & Sons
Hayden, Stone & Co.
Tucker, Anthony -- R. L. Day & Co.
Spencer Trask & Co.
Bache & Co.
G. C. Haas & Co.
Hannahs, Ballin & Lee
E. F. Hutton & Co.
Rodman & Renshaw
McDougal & Condon, Inc.
Andrews & Wells, Inc.
Stern Lauer
Park, Ryan, Inc.
Lucas, Eisen & Waeckerle, Inc.
Kalman & Co., Inc.
F. R. Cole & Co.
Irving J. Rice & Co., Inc.
H. J. Sims & Co., Inc.
McDonald - .Moore & Co.
Ferris & Co.
30oo 6,9oo.00 2.9614 3.00 30,242.70 2.8638
Bankers Trust 'Company) 300
Blyth & Co., Inc. ) Joint Managers
Chemical Corn Exchange Banke New York
The First Boston Corporation
Smith, Barney & Co.
Drexel & Co.
First of Michigan Corporation
The First National ?yank of Saint Paul
R. S. Dickson & Company, Inc.
B. J. Van Ingen & Co., Inc.
Stern Brothers & Co.
Bacon, Whipple & Co.
Third National Bank in Nashville
Wachovia Bank & Trust Company
Caldwell Phillips Co.
Allison—Williams Company
C. S. Ashmun Company
6,184.00 2.9654 3.00 19,P03.20 2.0762-.
"kl • • ,
LIST OF BIDS RECEIVED MARCH 199 1958
CITY OF SAINT PAUL
Page 3
Name of Bidder
Guaranty Trust Company of New York)
J. P. Morgan & Co., Inc. And )
Associates) Joint Managers
Lot 1
Lot 2
Coupon Coupon
Rate Premium Yield Rate Premium Yield
3.00 5,480.00 2.9694 3,00 16,523.91 2.9802
First National City Bank of New York 3.00
Harriman Ripley & Co., Inc.
Mercantile Trust Co.
White, Weld & Co.
Barr Brothers & Co.
Schoellkopf, Hutton & Pomeroy, Inc.
Clark, Dodge & Co.
Roosevelt & Cross, Inc.
J. C. Bradford & Co.
Robert Winthrop & Co.
Brown Brothers Harriman & Co.
Juran & Moody,, Inc.
The First National Bank of Chicago
The Northern Trust Company
Continental Illinois National Bank
and Trust Company of Chicago
Equitable Securities Corporation
Stroud & Company, Inc.
W. H. Morton & Co., Inc.
King, Quirk & Co., Inc,
William Blair & Company
Robert W. Baird & Co., Inc.
New York Hanseatic Corporation
American National Bank, St. Paul
Burns, Corbett & Pickard, Inc.
J. A. Hogle & Co.
Frantz Hutchinson
Phelps, Fenn & Co.
J. M. Dain & Company, Inc.
And Associates
4,564.00 2.9745 3.00 13,674.96 2.9836
3000 2,685.00 2.9850 3.00 4,210.00 2.9950
3.00 1,736,.00 2.9903 3.00 19332043 2.9984
.4- • • 1h
LIST OF BIDS RECEIVED MARCH 19, 1958
CITY OF SAINT P.?UL
Page 4
Lot 1 Lot 2
Coupon Coupon
Name of Bidder Rate Premium Yield Rate Premium Yield
Harris Trust and Savings Bank)Joint 3,10 140120.00 3.0211 3.10 559401.00 3.0337
The Chase Manhattan Bank )Managers
C. J. Devine & Co,
First National Bank of Portland
L. F. Rothschild & Co„
Trust Company of Georgia
Marine Trust Company of Western New York
W. E. Hutton & Co,,
Laurence M. Marks & Co.
Reynolds & Co.
Commerce Trust Company, Kansas City
City National Bank & Trust Companyo
Kansas City
Blunt Ellis & Simmons
Baxter & Co.
Wood, Gundy & Co., Inc,
Winslow, Cohu & Stetson
J. A. Overton & Co.
Shaughnessy & Company, Inc.
McMaster Hutchinson & Co„
Kenower, MacArthur & Co,.
JOSEPH J. MITCHELL
*Successful Bidder. CITY COMPTROLLER
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