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Upon examination of the bids it was determined that the low bid <br />was gubmitted by Salomon Brothers & Hutzler calling for a <br />prem'um payment of $37.00 and a rate of interest of 1.76 per <br />cent per annum. The bids were telephoned to the Housing and <br />Home Finance Agency in Chicago and approval was given to the <br />bid f Salomon Brothers & Hutzler. <br />Thereupon Edwin L. Davies, Controller of the City of South Bend, <br />advised that he would forthwith wire Salomon Brothers & Hutzler <br />of the acceptance of their bid. <br />Henr Sucher/ <br />Exec Live Director <br />7/24V62 <br />