HomeMy WebLinkAboutResolution 1072 Water System Refunding Revenue Bonds
:1~70
COMMISSION RESOLUTION NO. 1072
A RESOLUTION OF THE CITY COMMISSION OF THE
CITY OF BOZEMAN, MONTANA, AWARDING THE SALE
OF $1,u1U,OUO WATER SYSTEM REFUNDING REVENUE
BONDS, SERIES B
I
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOZEMAN"MONTANA,
that, notice having heretofore been duly published of the sale of ~i,UIO,OOO
Water System Refunding Revenue Bonds, Series B to be issued pursuant to
Chapter 24, Title il, Revised Codes of Montana i94'1, as amended, and the
Commission having at the time and place fixed for sale received and considered
all bids presented pursuant to said notice, it is hereby found and determined
that the highest and best of such bids is that of John Nuveen & Co. of Chicago,
Illinois, and the associates named therein, to purchase said bonds at a price
of par and accrued interest plus a premium of $'15.5?, the bonds maturing in
the respective years set forth beiow to bear interest at the coupon rates set
forth opposite said maturity years respectively;
Maturity Years
Interest Rates
1964 through 1~71
2.bu%
1972 through 1974
2.60%
1975 and 1976
2.75%
1977 through .l~'79
2.90%
1980 and 1981
3.vv%
.l!:j2 through 1984
:5 1/8%
plus 1.70% per annum from Juiy 1, i963 to January i, 1~64; Which terms result
in a net interest cost to the City of Bozeman, computed to the stated maturity
dates of the bonds as advertised, of $339,999; that the Mayor and the Clerk
of the City Commission shall be and are hereby authorized and directed to
execute on the part of the City a contract for the sale of said bonds to said
bidder upon the terms above set forth; that the good faith checks furnished
by other bidders shall be returned to them forthwith, and the check of said
succeasfu.l bidder shall be retained by the Direc~or of Finance until the bonds
have been executed and de~ivered and the full purchase price thereof has been
paid.
I
Passed by the City Commission and approved by the Mayor this 15th day
of April, 1963.
Approved: S/
Fred M. staudaher
Mayor
Attest: s/ C. K. Wilson
Clerk of the City Commission
Pubiished in Bozeman Daily Chronicle April 17 , 1963.
- - -...----
State of Montana )
County of Galla tin) as.
City of Bozeman )
I, C. K. Wilson, Clerk of the Commission of tne City of
Bozeman, do hereby certify that the foregoing Resolution No. lU'12,
was published by tit.le and number in the Bozeman Daily Chronicle,
a newspaper of general cirCU.lation printed and published in sa1.d
Ci ty in the issue of April 16th, 1963, and due proof of such I
publication ia on file in my office.
IN WITNESS WIffiREOF I hereunto set my hand and affix the
corporate seal of my office this 24th day of May, 1963.
0f? /U~' ~A' /
Clerk o~the Cit~mmlssion
,. - - -