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Bids were
<br />K. Baer, E
<br />Redevelo -on
<br />(�1,•';:�i1�Qilt��(, (�) �' is >'If11)6, � ffY.:a
<br />°c�)g�t �:;':�r'it►� ; °, C:Mi1L7t �'� ;.�11 N ?;: "i��iL'�1�� 1 Iq;lw Iii:° I`( i i�4Ef)t��Hpb� N>Y' I' "'i,6T
<br />opened according to law by the City Controller in the presence of Fred
<br />and Attorney, James G. Louis, Frank Koczan, Virgil A. Place, of the
<br />Lent Commission.
<br />At 2:00 P. . C.D.T., September 1, 1960, Frank J. Bruggner, City Controller,
<br />made a las call for bids for the South Bend Redevelopment Districts Bonds of
<br />1960. The following proofs of publication were summarized by Fred K. Baer:
<br />Published: The South Bend Tribune - August 12, August 19, 1960
<br />Published: The Record - August 12, August 19, 1960
<br />Published: The Indianapolis Commercial -August 15, 1960
<br />Published: The Bond Buyer - August 16, 1960
<br />The followi4 ten bids were opened and read by Frank J. Bruggner, City Controller.
<br />(The winni g bid being listed first).
<br />Net Interest Cost Effective Interest Rate
<br />Salomon Bothers & Hutzler and
<br />Associates $166,699.51 2.59799
<br />Smith, Bar ey & Company
<br />Bacon, Vsrh pple & Company
<br />Bache & Company
<br />City National Bank & Trust Company
<br />of Chic go 167, 332.01 2.6077
<br />Harriman ipley & Company, Inc.
<br />Mercantile Trust Company
<br />Harrison & Austin, Inc.
<br />Burns, Corbett & Pickard, Inc. 168, 589.64 2.6273 %
<br />Harris Tr st and Savings Bank, Chicago
<br />Albert Mc ann Securities Co., Inc.
<br />Mullaney, ells & Company 168, 850.00 2.6314 %
<br />John Nuvee & Company
<br />Merrill Lynch, Pierce, Fenner & Smith, Inc.
<br />Cruttenden Podesta & Company 169, 125.00 2.6357 %
<br />Goodbody Company
<br />Ernst & Co pany 170, 305.67 2.6541276
<br />Continentals Illinois National Bank and Trust
<br />Company) of Chicago 170, 815.43 2.66205%
<br />Morgan Gu ranty Trust Company of New York
<br />and Associates 171, 607.34 2.6744 °fo
<br />Halsey, St rt & Company, Inc.
<br />-Hornblower & Weeks
<br />City Securities Corporation
<br />Weeden & Company App. 171, 600.00 App. 2.674 0/0
<br />The Northern Trust Company
<br />Braun, Bo worth & Co., Inc. 173, 992.51 2.7115710
<br />The checks of the unsuccesful bidders were returned and receipted. The meeting
<br />adjourned 4t 2:35 P.M.
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