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MEMORANDUM ON BID OPENING <br />Redevelopment Commission Office <br />129 West Colfax Avenue <br />Present: <br />Edwin L. Davies, Controller, City of South Bend, Indiana <br />James G. Louis, President, South Bend Redevelopment Commission <br />Henry Sucher, Executive Director, Department of Redevelopment <br />Frederick K. Baer, Attorney for Redevelopment Commission <br />The Executive Director, Henry Sucher, made proof of publication <br />of Notice of Sale of $1,375,000, Second Series "A" Preliminary <br />Loan Notes, having maturity date of August 23, 1963, funds to <br />be used in connection with Project No. Indiana R -7, South Bend, <br />Indi na. Publication was made in The Daily Bond Buyer on Tues- <br />day, July 10, 1962, and proof of publication certified by <br />affi avit was made. <br />It n�w being 12 :05 P.M., Central Daylight Saving Time, the <br />foil wing bids were opened and received: <br />Chem cal Bank New York Trust Company, Bank Investment Division, <br />20 4ne Street, New York. Interest rate of 1.92 per cent per <br />ann and premium of $25.00. <br />Moron Guaranty Trust Company, 140 Broadway, New York 15, N. Y. <br />Inte est rate of 1_88 per cent per annum and premium of $26.00. <br />Bank of America, National Trust & Savings Association, 300 <br />Mont omery Street, San Francisco 20, California. Interest <br />rate of 1.79 per cent per annum and premium of $101.00. <br />Cont nental Illinois National Bank and Trust Company of Chicago. <br />Inte est rate of 1.79 per cent per annum and no premium. <br />Saloon Brothers & Hutzler, Sixty Wall Street, New York 5, N. Y. <br />Inte est rate of 1.76 per cent per annum and premium of $37.00. <br />