57-23
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R E S O L U T I O N
No. 57-23
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF CLEARWATER, FLORIDA AWARDING $2 000,000
UTILITY REVENUE CERTIFICATES, SERIES OF 1956.
WHEREAS, pursuant to notice heretofore duly publish-
ed for the sale of $2,000,000 Utility Revenue Certificates,
Series of 1956, dated August 1, 1956, the following sealed
proposals have been received:
The proposal of JOHN NUVEEN & COMPANY, INC. and LEEDY
WHEELER & ALLEMAN, INC., offering to pay the sum of ONE MIL-
LION, EIGHT HUNDRED FORTY TWO THOUSAND, SIX HUNDRED DOLLARS
($10$12,600) together with accrued interest from the date of
said Certificates to the date of delivery thereof, for said
Certificates bearing interest at the rate of Four and One-Half
Per Centum (4W per annum on the Certificates maturing in the
years 1957 to 1966, inclusive, at the rate of Four and One-
Fourth Per Centum (4-1/4%) per annum on the Certificates matur-
ing in the years 1967 to 1985, inclusive, and at the rate of
Three and One-Half Per Centum (30) per annum on the Certifi-
cates maturing in the years 1986 to 1991, inclusive, being a
net interest rate of .
The proposal of F. S. SMITHERS & COMPANY & ASSOCIATES
offering to pay the sum of ONE MILLION, NINE HUNDRED FIFTY-
THREE THOUSAND, FIVE HUNDRED SEVENTY FIVE AND 30/100 DOLLARS
($1,953,575.30) together with accrued interest from the date of
said Certificates to the date of delivery thereof, for said
Certificates bearing interest at the rate of Four and Forty
Hundredths (4.40%)per centum per annum on the certificates
maturing in the years 1957 to 1991, inclusive, being a net
interest rate of .
The proposal of F. S. Smithers & Company & Associates
offering to pay the sum of ONE-MILLION, NINE HUNDRED EIGHTY
-r '
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' p.;. r',•'} _?? ONE THOUSAND, FIVE HUNDRED THIRTY-FOUR AND 80/100 DOLLARS
(41,981,534-80), together with accrued intereat from the
date of said Certificates t the date of delivery thereof, • ???''?,
for said Certificates bearing interest at the rate of Four
and One-Half Percentum / r;rti'
(4-1 2 ) per annum on the Certificates
};?wxiwk„,`3.'.. maturing in the years 1957 to 1991, inclusive, at a net inter-
eat rate of 4.5435
r;; :;A,'r-'r; s¢¢' :r ?• `' The proposal of GOLDMAN, SACHS & CO, & ASSOCIATES,
`;=1•, ';ib i '` offering to pay the sum of ONE MILLION, NINE HUNDRED AND
'f;:s`:,4> :=;y}yrr>w
SIXTY THOUSAND DOLL,
ARS 41,960,000), together with accrued
?;t,s•ctY,:.;}+;ic?, ?,,,'' interest from the date of said Certificates to the date of
"'e.x delivery thereof, for said Certificates bearing interest at
the rate of Six Percentum (6%) per annum on the Certificates
1 3; :,:; r t;aj maturing in the years 1957 to 1962, inclusive, at the rate of ?; fr=y' ' S
.5• .FAY ,.,?t,.•. I=: °. --. ,? 2 rx t
IC~':?
Four Percentum {?.qb} per annum on the Certificates maturing in g:%k??•
?2 {jy4tr?}?r ,,,;.?'?,-jtt1,;:;:?:k•f.?=.7..: a?y F??..
?.;i ;? r?' ti ?'?. s a _ • the years 1963 to 1981 inclusive, and at the rate of Four and ;
One Quarter Percentum {4-1/4%) per annum on the Certificates
";? maturing in the years 1982 to 1991, inclusive, being a net
,.
i~i??4;>`e`3• r .i +':: interest rate of 4.2764%o
>x ? ?;, '4? ?' _.:_`';;: proposal o ER, A DY & CQ., R. W. PRE PRIG
The of KIDDER, PE BO SS H
;, rt17?a1 gab}7'??? ?dr F..(y'11:'.:{ •,?L„1W?1?0 5?
f''t, & CO., FIRST OF MICHIGAN CORPORATION, GOODBODY & CO., BACHE
? .'y'? & CO., TOWNSENDf DABNEY & TYSON, DWINNEL, HARKNESS & HILL., Mta'? ?
?
? 3' ?°`?,,y?.r L?F.. ,I#..ct;r,°, .x• •t;
ti 1. . > ?..
INCORPORATED, •'Gg AND G. H. WALKER & CO., offering to pay the
r t ?;•'t.?•+. ro?;k?` «° •?'?; W°i, V'n •?d ? •4 CZ.• ?-sv
sum of ONE MILLION, NINE HUNDRED FIFTEEN THOUSAND, SEVEN HUH- # [f , y( f?j}'y L?
,}?j "Y??«?' _ `''1?-?r•:'? ??. mySi _f ?? ?{? ? I li 3Ty.?A Tt
vs
?• _ ?:;; = .y' r',rt ' t' DREG AND EIGHTY NINE DOLLARS 41,915,789)1 together with ac- K
[y?tiSr. }ty;?:3 i•3E S?L:'=,;. R']?[`c;? e : F'; f';9t`.y!?[]N 1y5'(7• ?fi
i f 7.` r ?? 'k" ;, i y?:-V 57•.11'_'.", r'.?t ?3 ?i%
1??
HME!1
;, r??x•,? crued interest from the date of said Certificates to the date
?:`:} f jv •:w??JJ
TIMM"
of deliver thereof, for said Certificates bearing interest
Y'• , '?'" at the,rate of Four Per Centum (4%) per annum on theCertifi- •,-ri :? ' ;r; ? t
cater maturing in the ears 1957 to 1991.
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WHEREAS, the proposal of KIDDER, PEABODY dr, CO.
EfEf "` '; ; , Re We PRESSPRICH & CO. 0 FIRST OF MICHIGAN CORPORATION, GOOD- fS
`t
BODY & CO. BACHE & CO. TOWNSEND DABNEY & TYSON, DWINNELs
HARNNESS & HILL, INCORPORATED, AND G. H. WALKER & CO. re-
ferred to in the preambles hereof, is the highest and most ;.ti?Nx.s advantageous of said bide, and in all other respects com- f J'?
plies with said notice of sale; now, therefore'
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF
CLEAMiATER, FLORIDA:
t{?Sd.: 7:'if.. -,'? 't`r - Y. ., ^,.,?.v,.•,Y,j:?s •Ig?{. h
Section 1. That the proposal of KIDDER, PEABODY & CO*,
Re We PRESSPRICH &
CO. p FIRST OF `_`? `;? •
MICHIGAN CORPORATION, GOOD-
?, :_ ;•4: , f,:'. BODY & CO. v BACHE & CO. 9 TOWNSEND, DABNEY & TYSON DWINNTL
HARKNESS & HILL INCORPORATED AND G. H.
1:'"..' , .;:?•,?::?._,..; ::-•?. Y.::. s , WALKER & CO., refer- ,,.
red to in the
#. ''?.tsY!l,;i.?.'' ?'s_j ,• .1:: preambles hereof, be and the same is hereby ac-
cepted, and the following described Certificates of ` the City
.Ff .. 4t `.'. /y..t ?i ?h`,:: 'h?f . ,•, `?'Sf•„.'• ''?•' •j'r?.?T( f1?,3-• f 1i °
of Clearrrater Florida, atd t ??'•, J
, they are hereby awarded and sold
i• -'(fit =r:'k' `;:?t'."q t,•` .,l-? •`' is r'
t '
"" '` `: .'"v',=i ". ,, •r "' to said purchaser referred to in the typ
;y4 S{1}r,. rz,s. the s preambles hereof:
?•'.?''t-gl`3Y'i'':>rr:t :,?4:ry,:?_J`??:',''?y.3?Y' •-r.(?,?
°'.iks•xf ;?a=,'.d'I,s , v1 y•.5? t.v"t Y`,'!', ' iy
! f? f 1 r.?. .t y f •?i r`?•?• -,_: f Y'`•'(;°'` y' •? ?' e? .j
?2,000,000 - UTILITY REVENUE CERTIFICATES SERIES v;.
' it .':;}> S b
???'.',. a`.y?4i5?,:??ix»;'••,: ,?;;.,',?r ; . of 1956, dated August 1, 1959, num-
tiered 1 to 2,000 inclusive in the de-'"''?: `
i di. - ;Frs... •.sK,_. ,
nomination of $1,000 each, tearing in- , e ,?
terest and maturing on August 1 in the ,.:
F, years and amounts as follows:
i t. /.04"}t???vW Ji;?>'.:??,r?'k"•,! (_Fl., ._;: 'i:'t?;y'tf:k Jr
Y` 'C Interest Rate Interest Nate Sll
l ?r?4>f{x.,'.!-i?4?A•,:?,'n, ?•`?: .'I"?l:?:i:`S4if- .:is'..«r,3c? ,h .ffJJ 4 .i;? ' ' - .,,?;? Year Amount Per Annum Year Amount Per Annuik
1957 #31,o00 4% 1975 X56,000 4% r tai??' }
$000
1976 50
;4?' 1958 320000 4%
1959 33,000 4% 1977 60,000 4%
1960 35,000 4% 197 621000 4%
r+' _^"'??.[t? ]'S.?r fr•• t'Y.?: :. ,S * t f;Ml'p`••i'? ?''- f t
.? , I ,, ., ,k , ?i??.d;• :, 1961 6'000 4% 1979 b 000 496 -?? ? ,•'v
1962 37000 4% 19$0 6/000
1963 38,000 4% 1981 68 / 000 4%
?s.
r' ,r 'a:,,?'•e k.T i"'ir ;y:. ?,;. `yx.i•' b 1
? 1964 391000 4% 1982 70,E 4% 1965 41,000 4% 1983 72,000 4%
1956 420000 4% 19$4 75,000 496 (F?`tj ,,.4Y,1
1967 43,000 4% 1985 7 ,OOO 4%
1968 45,000 4% 1986 80,000 496
1969 46 000 4% 1987 82,000 496 ?
1 '.-, ; 1970
r 4$;000 4% 1988 83. -Ow 4%
1971 49000 4% 1989 88000 s t z • ,? ??`°
4% 1972 51,000 4%
1990 91,000 496
f' 1973 52,000 4% 1991 94,000 496 ti F
1974 54, 000 4%
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Section 2. That the proper officers of the City,
be, and they are hereby authorized and directed to execute
said Certificates when prepared and to deliver same to said
purchaser upon payment of the purchase price pursuant to the
conditions stated in the notice of sale, without further
authority from this Commission.
Section 3• That the City Treasurer be, and he is
hereby authorized and directed to return forthwith the good
faith checks of all unsuccessful bidders.
Section 4. This resolution shall take effect i.mmed-
iately0
PASSED AND ADOPTED this 22nd day of April, 1957-
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