HomeMy WebLinkAboutResolution 1647 Resolution Awarding Sale of $900,000 General Obligation Bonds
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,EV/-f q.'__" con:Uf:[;IOJJ REGOLUTIOIJ no. lG1q
PJj[;OLU'l'IOIJ AHARDIHG :=:fcLE or (;900,000
Gl:nERAJ~ OlJLIGNI'ION BOlWf:;
m; 1'.1' ImCOLVED by the City Commission of the City of Bozeman, !1ontana, that after full con-.
sideration of all bids received for the purchase of ~900,OOO General ObliGation :CoEds, it is hereby
found, determined and declared that the 1:)id most advantaGeous to the City for the 11urchasc of said I
uonds in accordance lri t:l the notice of sale thereof is that sul)mi tted ll;Y D. A. Davidson, Great Falls;
Fir~3t ::Tational Dan}:;:) Bozeman a. nd Eaint Pa,ul, Hinnesota..;. "lIllich bid offe.'rs to l'urchase the bonds at
par and accrued interest) the bonds to mature in the years 1915 through 1991\ and to bear interest
at a rate or rates such that the average, annual, net interest rate on the 'bonds "I-rill not exceed
1% per annum and uill not exceed a net interest cost of th32,8l0.00, and said bid is hereb~r accepted.
'.the 1Iayor and CIerI:;: are here1w authorized and directed, in behalf of the City. to sip;n 8, IIritten
contract for the sale of the bonds. The good faith check furnished b7 the successful bidder shall
be retained pending deli very and payment for the lJOnds, and the rood faith checks of all other <bid-
ders shall be fortlmi th returned to them. The form and details of the l)onds, includinp; coupon in-.
terest rates and a I)lace for payment of principal and interest on the bonds. shall lie determined
by subsequent resolution of this COY1!!lission after consultation "I,rith the successful l)idder.
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Attest: ;
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ErmA V. IIP.RDDG"--
Clerk of the City Commission
State of 1,10ntana )
County of Gallatin : S5
City of Bozeman )
I, r:rna V. Hardinp;, Clerk of the Commission of the City of Bozeman do hereb;r certify that the I
foregoin[~ Resolution :'Jo. IOn vras published by title and nUl'cber in the Bozeman Daily Chronicle,
a newspaper of general circulation printed and pul)lished in j30zcT'1an in the issue of 3 Februar;r
1914 and due proof of such publication is on file in my office.
III vlI'1~HEm) ~'/E:L:RE I hereunto set my hand and affix the corporate seal of m;' office this 26th day
of Fel)rUarJ, 1911~.
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T~RIlA V. IIAPDIiIG //
Clerk of the Ci t.y Commission
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CmTi'IU;f)ICm PBfj()I,U':;'IOH lIO. lOn
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