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10-21-40 Council Special Meeting Minutes
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10-21-40 Council Special Meeting Minutes
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City Council - City Clerk
City Council - Document Type
Council Mtg Minutes
City Counci - Date
10/21/1940
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26 <br />Cont I <br />tsias xeceivea Amount of Check <br />From Rate Premium Accompanying Bid <br />Estabrook & Co. <br />Bacon, Stevenson & Co. <br />Equitable Securities Corp. <br />Paul H. Davis & Co. 1% <br />Harris Tr. & Say. Bank <br />Northern Trust Co. <br />Union Tr. Co. of Indianapolis if <br />Wood Struther & Co. <br />Spencer Trash & Co. 1 <br />Blyth & Co., Inc. <br />First Boston Corp. <br />F. S. Moseley & Co. <br />Illinois Co. of Chicago <br />Indianapolis Bond & Share Corp. 1 <br />Lehman Bros. <br />Kidder Peabody & Co. <br />R. W. Pressprich & Co. <br />Eldredge & Co. <br />C. F. Childs & Co. and Associates <br />lea <br />Shields & Co. <br />B. J. VanIngen & Co., Inc. <br />Schwabacher.& Co. <br />Ufullaney, Ross & Co. <br />T. P. Oat i s. & Co., Inc . <br />Daniel F. Rice & Co. <br />if <br />495.00 <br />328.00 <br />13,200.00 <br />14,510.92 <br />16,830.00 <br />2,640.00 <br />$16,500.00 <br />16,500.00 <br />16,500.00 <br />16,500.00 <br />16,500.00 <br />16,500.00 <br />FREAS said Funding Bonds have been sold by the City Comptroller to HALSEY- STUART CO., INC., 'at aprice of <br />,654,306.50 and accrued interest to date of delivery, the bonds to bear interest at the rate of One Per Cent (1/%') <br />r annum; <br />NOW, THEREFORE, Be it Resolved by the Common Council of the City of South Bend, St. Joseph County, Indiana, as foll <br />Section 1. That the sale of said Funding Bonds to HALSEY- STUART CO., INC., at the price set out in the preamble he <br />of, is hereby confirmed, said bid being the best bid submitted. <br />ection 2. That said Funding Bonds shall bear interest at the rate of One Per Cent (1 %) per annum, payable semi - <br />nnually in accordance with the proceedings heretofore taken in connection with the authorization of said bonds. <br />ttorney Kenneth Dempsey gave a detailed explanation of the transaction after which Councilman Pulaski made a motion <br />or the adoption of the Resolution. Councilman Bishop seconded the motion. .Resolution adopted by a roll call vote <br />f 9 ayes - 0 nays. <br />ouncilman Niezgodski made a motion for adjournment. <br />dioureed at 7:48 P.M. <br />TESTS / <br />Councilman Bishop seconded the motion. Motion carried. Counc <br />PTA VE:D: <br />DENT <br />SI <br />
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