HomeMy WebLinkAboutResolution 1416 Purchase of Bonds
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COr!MISSION RESOLUTION IW. Ih16 ....-.z:t.::~...<_
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RESm}J'rIOlJ :}RD:TING AN OPTION FOR ~~;E P1JHCI-IP,SE OF BONDS I\ND ADJOURlHNG THE ..... .
SALE.
B:C IT RESOLVED by the CortIT'lis s ion of the city of Bozeman, l'.:ontana that not ice having been
I published in accordance wi1:;h law requestinr li.ids for the purchf.\se of :n,L~oo,ooO
Sewerage System
Revenue Bonds of the City to he dated 1 July, 1969, and no bids having been recei veel at the
time
and pIece specified in~he published notice, but an offor havinp; been received fror.! Yr.
E. Hutton
&. Co., that it would use its best efforts to market the bonds
if the City would extend to it an
option to purc}ws etJ'8 bonds [, t fin;.' time between now nd Sept:;ember
10, 1969 at 12:00 o'clock noon,
at a net interest ra te not exceeding 5.95;; per annum, it is hereby found
and determined that
such proposal is advantageous to the City and is hereby accepted. The
Mayor and Clerk are hereby
authorized, in behalf of the City, -to advise 1"(.
E. Hutton & Co., orally or in writin~ of the
acceptance of the offer and ~rantinc of an option. This sale meetin~ is
hereby adjourned to
September 10, 1969, at 12:00 o'clock noon to take
such further action with respect to the sale of
said bonds as may then be deemed necessary or appropriate, and subject
to the call of an earlier
meetine; in the event of an Barlier exorcise of its option by ~. E. Put~on & Co.
Passed bV tne City (;omC'liss ion of ';he C1 tv of BozoT:1an
at a specia.l mee!:;ing thereof held on the
19th day of August, 1969 .
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/~'v~t/,'
Mayor
LT"'EST:
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C or. or-t1leL l~y Cru!1f_1:lssion
State of 1,1ont~lna )
County of Gallatin :
City of Bozcr.J.a.n )
I, Erne. V. BardinE, Clerk of tho Gornmiss ion OfUlO C1
ty of Bozeman do hereby certify tht,t the forei~oing
Hesolution Eo. lli16 was published by title end nUT:1ber in the Bozeman Daily Chronicle,
a. nevlsp8per of
general aircula',ion printed and Fulllished in said Ci':;y inl:;hc issue of!:;he 2nd day of Septem'her,
1969,
and due proof of such publication is on file in my office.
IN ~'fITN-SS" '.'ITlE3.EOF I hereunto set my hand and affix the corporate seal of my hend and affix the
corporate seAl of m:T officel:;his 4th day of September, 1969 .
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C er~the Clty Comm~ion
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