Laserfiche WebLink
MEMORDUM OF MEETING FOR THE OPENING OF BIDS FOR SALE OF THIRD <br />SERIE A PRELIMINARY LOAN NOTES <br />12x00 N Redevelopment Commission- Office <br />July 0, 1963 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 />Howard Bellinger, Assistant Director,Department of Redevelopment <br />Frederick K. Baer, Attorney for Redevelopment Commission <br />Howard Bellinger, the Assistant Director, made proof of publica- <br />tion of Notice of Sale of 1,166,000, Third Series "A" Preliminary <br />Loan Notes, dated Tuesday, July 16, 1963, with certification <br />attached from the Daily Bond Buyer dated July 16, 1963, signed <br />by Ba bara Barker, Advertising Clerk. <br />It islnow 12 :05 P.M., Central Daylight Saving Time, and the <br />follo ing bids were opened and received: <br />St. J seph Bank and Trust Company, South Bend, Indiana. Interest <br />rate 1.88 %. <br />Morga Guaranty Trust Company of New York and Associates, 140 <br />Broad ay, New York. Interest rate of 2% and premium of $54.00. <br />Conti ental Illinois National Bank and Trust of Chicago, Illinois. <br />Inter st rate of 1.96% and premium of $13.00. <br />Chemi al Bank New York Trust Company,;:,20 Pine Street, New York. <br />Inter st rate of 1.97% and premium of $47.00,: <br />First National City Bank, 55 Wall Street, New York, N. Y. Interest <br />rate f 1.97% and premium of $58.00. <br />Upon <br />was E <br />Bend, <br />inter <br />Housi <br />the x <br />amination of the bids it was determined that the low bid <br />mitted by the St. Joseph Bank and Trust Company of South <br />ndiana, calling for no premium payment and a rate of <br />t of 1.88% per annum. The bids were telephoned to the <br />& Home Finance Agency in Chicago and approval was given to <br />of St. Joseph Bank and Trust Company. <br />