HomeMy WebLinkAboutResolution 1154 Municipal Building Bonds
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COMMISSION RESOLUTION NO. 1154
A RESOLUTION OF rT1f-I"H: C01\H.HSSION O~ THE CI'rY OF' BOZErlAN, MO]\T'I'ANA
SETTING 'T'HE FO'RM OF $475,UUO.Ou MUNICIPAL BUILDING BONDS, r~s-
TAr~LISHING DATE THEREOF, NAMING BIDDER OR BIDDERS TO WHOM SOLD
AND SETTING RATE OF' INTERE8T THE BONDS ARE TO BEAR.
BE IT EESOL''!ED by the City Commission of the City of Bozeman, Montana,
tha t the C1 ty has advertised in the UBnner required bylaw the sale of
$475,000.00 Municipal Building Bonds dated July 1, 1964: that me I
highest and best bid received conforming to the terms of issuance of
the bonds'as stated in the notice of sal.e is the bid of Piper Jaffry
& Hopwood & All.ison Williams and Kalman and Company, and associates
offering to purchase bonds to be issued as Serial Bonds at a price of
par or better, the bonds to bear interest at a rate or rates such as
to result in a total interest cost of $162,599.00, or a net aver~ge
interes t ra te of 3,2293% per annum; tha t said bid should be and here-
by is accepted, and the officers of me City are hereby authorized
to enter into a written contract with said bidder for the sale of said
bonds in accordance with the terms of said bid; and that the Cl.erk of
the Conuni:s/:.,ion sha1.1 keep the good faitn cneck submitted by the pur-
chaser of the bonds, but shal.l return the good faith checks of aLl.
other bidders forthwith.
Pa8sed and adopted by the Vity Commission of the \.ii ty 0 f Boz eman
Mon tana , this 10th day of November, 196 4.
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